Did you know the current live price of Pi is $31.82? It also has a 24-hour trading volume of about $277,593.25 USD. This shows Pi Coin’s impact in the crypto world as it goes through big market changes1.
One amazing fact is Pi Coin’s highest price ever was $330.65. Its lowest was just $0.1794. Right now, its value is 90.42% below its highest but a stunning 17,566.48% above its lowest1. The Pi Network has over 55 million users, making the coin very popular2.
Key Takeaways
- The live Pi Coin price is currently quoted at $31.821.
- It has seen a 24-hour trading volume of $277,593.25 USD1.
- The coin’s price is 90.42% under its highest but 17,566.48% over its lowest1.
- The Pi Network now boasts more than 55 million users2.
- Market trends show Pi Coin’s price is very unpredictable.
Introduction to Pi Coin
The Pi Network brings a new twist to decentralizing finance. It was started by Dr. Nicolas Kokkalis and Dr. Chengdiao Fan from Stanford University. Their big idea? To make mining digital currencies simple. Now, users can mine crypto on their phones without needing fancy equipment or a lot of power.
What is Pi Coin?
Pi Coin serves as the heart of the Pi Network. It’s a fresh take on letting everyone try crypto mining. Instead of the usual heavy-duty computers, you mine Pi coins using an app on your phone. So far, it’s got a crowd of around 35 million users3.
Founders of Pi Coin
At the helm of Pi Network are Dr. Nicolas Kokkalis and Dr. Chengdiao Fan from Stanford. They wanted everyone to get a slice of the crypto mining pie, minus the environmental worries. Thanks to their work, Pi Network shines in the crypto world by being green and user-friendly4.
History of Pi Coin
Since its kickoff on March 14, 2019, Pi Network has zoomed in popularity globally3. It started as a way to lower the hurdles to crypto mining. Now, users can join as Pioneers, Contributors, Ambassadors, or Nodes4. Despite being pretty new, Pi Coin has a self-reported supply of 68 million PI coins. It’s priced at $42.27 as of early 20243.
Current Pi Coin Value
Understanding the value of Pi Coin is crucial for cryptocurrency traders. This part discusses its market performance today, including the 24-hour price change. It also compares Pi Coin with other major cryptocurrencies.
Pi Coin Price Today
Today, the price of Pi Coin is at $31.82 for each PI, showing a stable value within the trading day1. The trading volume for Pi Coin is $277,593.25 over the last 24 hours. This shows people are actively trading it1.
24-Hour Price Change
In the last 24 hours, Pi Coin’s value dropped slightly by 0.34%1. It moved between a low of $30.92 and a high of $32.56 in this time1. This info helps traders keep track of market trends and make quick investment choices.
Comparison with Other Cryptocurrencies
Comparing Pi Coin to other cryptocurrencies offers insights into its market standing. Its all-time high was $330.65, much above its current price1. Unlike Pi Coin, Bitcoin and Ethereum have shown different levels of volatility and market values. This makes Pi Coin’s journey distinct in the cryptocurrency world.
| Cryptocurrency | Current Value (USD) | 24-Hour Low | 24-Hour High | 24-Hour Change (%) |
|---|---|---|---|---|
| Pi Coin | $31.82 | $30.92 | $32.56 | -0.34% |
| Bitcoin | – | – | – | – |
| Ethereum | – | – | – | – |
This comparison shows how Pi Coin differs in market performance and volatility from other leading cryptocurrencies. It helps to understand pi coin market trends better, aiding in creating smart cryptocurrency trading strategies.
Pi Cryptocurrency Price Trends
The price trends of Pi Coin show key insights for both fans and traders. As the pi cryptocurrency evolves, analyzing the market can keep you ahead.
Weekly Price Analysis
The weekly view of Pi Coin’s price shows its changing nature. It had a big change in its 7-day price, reaching $31.73. This shows why you must always watch the market5. Daily trading volumes, like $155,775, give a clear picture of market moves6.
Monthly Price Analysis
This month showed key trends in the wider crypto market. Pi Coin dropped by 7.93% in the last 30 days, marking both challenges and chances for investors6. The Fear & Greed Index, now at 37 (Fear), affects market views5. The monthly data reflect a volatile digital asset.
Annual Price Analysis
The annual overview gives a full picture of digital asset trends. The Pi Network hit a high of $330.65 on December 30, 2022, and a low of $0.1794 on April 7, 2024. These big changes show the asset’s ups and downs6. Though a rise to $104.79 is expected by October 2024, recent trends reveal a 22.53% fall over 60 days and a 16.22% drop over 90 days5.
| Timeframe | Pi Coin Price | Change (%) |
|---|---|---|
| Weekly | $31.73 | – |
| Monthly | – | -7.93% |
| Annual | – | -22.53% (60 days) -16.22% (90 days) |
| All-time High | $330.65 | – |
| All-time Low | $0.1794 | – |
Pi Mining Profitability
Understanding pi mining profitability starts with learning how to mine Pi Coin. Traditional crypto mining costs a lot for tools and power. But Pi mining uses the Stellar Consensus Protocol (SCP). This lets users mine Pi on their phones7.
How to Mine Pi Coin
To mine cryptocurrency on the Pi Network, you need to download its app. You then mine by hitting a button once every day. This easy method doesn’t use up your phone’s battery or data8.
You can mine more by entering security circles, setting lockup options, and having friends join through your referral7.
Profitability Factors
The earnings from pi mining depend on different things. The network gives 25% of all new coins to the Pi core team. This helps with growth and keeping things running7. Right now, Pi Coin is speculative since the mainnet isn’t open and no Pi coins are out there, making price guesses just that, guesses7.
Having more referrals and being active can up your mining, which may mean more money later8.
Long-term Mining Outlook
The future of pi mining profitability relies on network use and updates. With over 35 million active pioneers, Pi Network wants to make mining open to all. It’s setting Pi Coin up to be big in the crypto world thanks to mining on smartphones and focusing on community growth8.
Finishing the Mainnet Checklist and staying up-to-date with tech will help. This will make moving over to full decentralization smooth7.
How to Buy Pi Coin
Getting your hands on Pi Coin is a hot topic among crypto fans. Because it’s hard to find on big cryptocurrency exchanges, buyers face challenges9. But, you can still try to get Pi Coin and join the Pi Network deals. This guide will show you how.
Top Exchanges to Buy Pi Coin
Since you can’t find Pi Coin on big exchanges like Binance or Kraken, nor on decentralized ones (DEXs), it’s tricky9. But, there are places like HTX that offer Pi IOUs, which means you get a promise to own Pi coins later9. The downside is that prices might change a lot because they depend on what people think they’re worth. Below is a list of places to look into:
| Exchange | Type | Features |
|---|---|---|
| HTX | Centralized | Offers Pi IOUs |
| BuyUcoin | Centralized | Supports transactions in Indian Rupees |
| PancakeSwap | DEX | Connect via Trust Wallet |
Step-by-Step Buying Guide
Here’s an easy guide for those wanting to buy Pi Coin:
- Create an Account: Pick an exchange like HTX or BuyUcoin and sign up. You’ll need to verify your account.
- Set Up a Wallet: For DEX use, like PancakeSwap, setting up a Trust Wallet is a good move for Pi Network DeFi actions10.
- Fund Your Wallet: Buy BNB or another main currency from Binance, then send it to your Trust Wallet10.
- Connect Wallet to DEX: Link your Trust Wallet to a decentralized exchange like PancakeSwap to do the transaction10.
- Execute Transaction: Change your BNB for Pi Network (or Pi Coin IOUs at HTX). Always check the smart contract addresses to avoid scams10.
Pi Coin’s market is always changing, so buyers must be careful. Keep up with new info and watch out to make the most of your investment in this new cryptocurrency.
How to Sell Pi Coin
There are a few ways to sell Pi Coin. One method is through peer-to-peer (P2P) transactions. You can do this online or in person. However, online sales might have a bigger risk of scams than meeting in person. Another route is using IOUs on exchanges like Huobi and Bitmart. Here, Pi Coin IOUs trade around $34.50. Yet, they’ve dropped by 15.4% in the last three months11.
Watching the market is key to getting the best return when you liquidate this crypto asset. First, put your asset on an exchange. Then, set your price, and sell it when a buyer agrees to your terms. Also, spending your Pi directly where it’s accepted can be smart. This option may grow as the Pi Network moves towards a P2P ecosystem. This is expected before its 2024 mainnet launch12.
For safety, it’s often suggested to wait for the open mainnet in 2024. The Pi Network hopes to have 15 million KYC-verified pioneers by then13. This approach will make selling easier and more standardized.
The main ways to sell Pi coins include peer-to-peer (P2P) sales, and listing on exchanges after the mainnet starts. Also, trading IOUs, swapping Pi coins, and direct spending are options13.
Pi Coin IOUs can be traded for fiat currencies or other cryptocurrencies12. With millions mining Pi coins, as the user base grows, so will ways to liquidate them11. Keep up with the latest on how to sell Pi coin by visiting news sites and forums.
Pi Coin Market Price Analysis
The pi coin market price draws a lot of attention from investors. They are eager to understand its price movements and forecasts. Keeping an eye on the trading volume and market cap of Pi Coin offers important clues. These clues help investors grasp its present and possible future behaviors in the market.
Market Cap Trends
The market capitalization of Pi Coin shows promise but is hard to pin down due to the scant data on how much is out there. For example, Pi’s price is now at $31.70, with a high of $66.6014. Predictions say Pi’s price might dip -13.39% at October’s start in 2024.
But it could go up by 110.13% in mid-October. By month’s end, it’s expected to rise by an average of 22.67%14. This unpredictability highlights why staying updated on market cap changes matters for those looking to invest.
Volume Analysis
The trading volume of Pi Coin tells us about the market’s interest and liquidity. The price of Pi/Tether USD now stands at 31.092821 USDT, seeing a 1.76% increase over 24 hours15. But, the price has seen a drop of -6.81% over the last week.
Over the past month, it fell -14.38%, and -23.09% in the last year. These figures show how investors have changed their views over various periods15.
Here is a detailed table that highlights some key price changes and future price predictions:
| Time Period | Price Change % | Market Cap Influence |
|---|---|---|
| 24-Hours | +1.76% | Increased awareness and trading activity15 |
| Past Week | -6.81% | Decreased market confidence15 |
| Past Month | -14.38% | Overall market downturn15 |
| Projected 2024 | +22.67% | Strong bullish predictions14 |
| Projected 2029 | Peak at $173.73 | Potential significant returns14 |
Pi Coin Price Prediction
Predicting the future price of Pi Coin is popular as the crypto market grows. We look at expert opinions and technical analysis to understand these predictions.
Expert Opinions
Many experts have opinions on Pi Coin’s future price. The number of users mining Pi Coin has jumped to over 55 million from 100,000 in mid-2019. By early 2024, it’s expected to reach over 29 million16. Some predict it could reach $35.97 by early March 2024. Others see it hitting $55 to $65 by late 202416. And a few believe Pi might even reach $96 by the end of 202417.
Technical Analysis
Technical analysis backs up these varied price predictions. The coin’s scarcity, from halving mechanisms at user milestones, helps maintain its value. These halvings started at 100,000, then 1 million, and 10 million users16.
As of February 2024, predictions place Pi Coin at about $34.0216. For 2025, optimistic views suggest it could soar above $500. But more cautious guesses put it between $1 and $1.516. By mid-2026, it’s expected to stabilize around $370 to $41016. Long-term, 2030 might see it at $28017, with 2040 and 2050 targeting $375 and $692 on average, respectively17.
These forecasts show Pi Coin’s price might change a lot, influenced by market trends and technical details. Clearly, predicting Pi Coin’s future means looking at many factors and updates.
Main Factors Influencing Pi Coin Price
Various factors affect the price of Pi Coin in the cryptocurrency market. These include market sentiment, news about regulations, and tech updates within the Pi Network. Knowing these factors helps investors make smart choices.
Market Sentiment
Market sentiment plays a big role in Pi Coin’s price. Good news or achievements can boost prices, while bad news can lower them. The expanding user base of the Pi Network can improve market sentiment, possibly increasing the coin’s value18.
Comparing Pi Coin’s tech developments with Bitcoin’s stable ecosystem can also affect how people see its worth18.
Regulatory News
Rules and regulations are key in shaping the crypto market. Changes in these rules can quickly affect Pi Coin’s price. Pi Network’s uncertainty in regulations might affect how much people trust it and its price stability19.
Global economic situations can also impact Pi Coin20. The future worth of Pi Coin depends heavily on its acceptance in the market and its regulation setting. This will influence its market sentiment and how widely it’s adopted20.
Technological Developments
Tech progress is crucial for Pi Network’s value. As the network grows, new upgrades and features increase its use and adoption, which helps the coin’s value. The unique way Pi Network mines, using daily mobile activities, makes it stand out technologically18.
Comparing it to Bitcoin’s tech stability also shapes how people view Pi Coin18. The start of its third development phase will be important in setting its value20.
Things like community engagement, usefulness, and wide adoption are also vital. These ensure Pi Coin stays relevant and useful in the crypto world19. For more insights on how these factors could sway Pi Coin’s value, do check out this resource for detailed analysis18.
Comparison of Pi Coin with Other Cryptocurrencies
Exploring the world of cryptocurrencies shows interesting contrasts. A crypto comparison between Pi Coin and leaders like Bitcoin, Ethereum, and Litecoin brings out unique points. Pi Coin stands out with its easy mining and reach in the market.
Bitcoin vs Pi Coin
Last week, Pi Coin did very well in the digital currency market. It went up 6.6% to a high of $39.421. Bitcoin, however, despite peaking near $66,560, saw a drop. This was due to stronger US dollar and negative technical patterns21.
While Bitcoin is bigger in market cap and liquidity, Pi Coin’s innovative mining offers chances for normal users.
Ethereum vs Pi Coin
Ethereum and Pi Coin differ mainly in their core aims. Ethereum’s fame comes from its smart contracts, crucial for DeFi. Pi Coin, however, founded by Stanford Ph.Ds, Dr. Nicolas Kokkalis and Dr. Chengdiao Fan, aims at easy mining on smartphones1. This is unlike Ethereum’s need for high computing1.
Pi Coin, though, has seen a small dip of -0.34% in the last 24 hours, standing at $31.821.
Litecoin vs Pi Coin
Litecoin offers quick transactions, branding itself as Bitcoin’s counterpart. Pi Coin is unique with its decentralized and user-friendly mining. Its price might drop further by 34%, hinting at a future price near $24.521. Fans look forward to the Pi Network launch with high hopes21.
Yet, Pi Coin having a total supply of 100 billion suggests different inflation trends than Litecoin’s limited stock. This affects the digital currency market views1.
Pi Network enthusiasts stay positive about its future. Still, the distinctions between Pi Coin and established cryptos show the diverse prospects and hurdles in the digital currency market.
Best Practices for Pi Coin Investment
Investing in pi coin wisely means you should manage risks well. Don’t put in more money than you can afford to lose. Use stop-loss orders to limit possible losses.
Risk Management Strategies
To protect your investment, strategic risk management is key. Stop-loss orders can shield you from big price drops. Keep an eye on the market and be updated about Pi Coin’s growth. It’s seen a rise of over 190% in the past year.
Knowing Pi Coin’s resistance and support levels is also important. They are between $45 to $60 and $21 to $25.5, respectively22.
Portfolio Diversification
Spreading your investments in different cryptocurrencies helps lower risks and can increase returns. Adding Pi Coin to your mix is smart due to its growth and strong community.
With over 30 million users worldwide and an innovative mining method, Pi is a good choice23. Spreading out investments helps deal with the ups and downs of the crypto market.
Long-term vs Short-term Investment
Choosing between long-term and short-term investment strategies in Pi Coin is vital. Considering Pi’s current price and predicted short-term rise, you could make a short-term trade.
Long-term investors might see Pi reaching up to $40 by 2025. This makes it a worthy hold for future profits. Watching the Relative Strength Index (RSI), now at 53.41, can guide all investors22.
Investing in Pi Coin requires careful consideration of several factors, including market trends, diversification strategies, and balancing between long-term and short-term investments.
Historical Price Performance of Pi Coin
Looking into Pi coin’s past data reveals much about its market trends. Even though Pi coins can’t yet be traded on crypto exchanges, this makes it hard to analyze their price history in the usual way. Still, after a synthetic version was listed, its estimated price jumped by nearly 1,500%, hitting over $300. This spike hints at what the future could hold once it starts trading officially24.
The Pi Network’s quick growth highlights how much people are interested in this cryptocurrency. It has over 35 million users mining Pi coins through its app. This growth suggests a bright future for Pi coins once they become tradable24. Many experts are hopeful, citing positive forecasts from places like Changelly. They believe Pi coins will do well if the wider crypto market improves and they become popular after listing24.
How investors feel is very important. Pi Network makes sure to communicate clearly and keeps its community safe by stopping unofficial listings of its currency. Watching Pi coin’s price trends and official news helps understand its potential better. This knowledge is key for smart investment choices24.
FAQ
What is the current price of Pi Coin?
How does the 24-hour trading volume of Pi Coin look?
How does Pi Coin compare to other cryptocurrencies?
What has been the highest price of Pi Coin?
How can I buy Pi Coin?
What factors influence Pi Coin’s price?
How can I sell Pi Coin?
Who are the founders of Pi Coin?
What is the Pi Network DeFi?
What is Pi Coin’s historical performance?
FAQ
What is the current price of Pi Coin?
Pi Coin is priced at .69 USD right now, but it often changes a bit.
How does the 24-hour trading volume of Pi Coin look?
The trading volume for Pi Coin over the last 24 hours is about 4,614.
How does Pi Coin compare to other cryptocurrencies?
When looking at market size and change in value, Pi Coin is quite different from big names like Bitcoin, Ethereum, and Litecoin.
What has been the highest price of Pi Coin?
The highest price reached by Pi Coin was 0.65. This shows it can change a lot in value and grabs market attention.
How can I buy Pi Coin?
You can get Pi Coin on exchanges like Binance, Kucoin, and Kraken. First, make an account on these exchanges. Then, pass their security checks. Finally, you can buy Pi, often trading it with USDT or similar.
What factors influence Pi Coin’s price?
Many things can change Pi Coin’s price. These include how people feel about the market, any news on regulations, and new tech developments in the Pi Network.
How can I sell Pi Coin?
Selling Pi Coin means putting it up for sale on an exchange at your price. When someone agrees to that price, the sale goes through.
Who are the founders of Pi Coin?
Stanford University’s Dr. Nicolas Kokkalis and Dr. Chengdiao Fan created Pi Coin.
What is the Pi Network DeFi?
The Pi Network DeFi aims to make mining easier and help its users earn passively.
What is Pi Coin’s historical performance?
Pi Coin’s value has swung a lot, from a low of
FAQ
What is the current price of Pi Coin?
Pi Coin is priced at $31.69 USD right now, but it often changes a bit.
How does the 24-hour trading volume of Pi Coin look?
The trading volume for Pi Coin over the last 24 hours is about $274,614.
How does Pi Coin compare to other cryptocurrencies?
When looking at market size and change in value, Pi Coin is quite different from big names like Bitcoin, Ethereum, and Litecoin.
What has been the highest price of Pi Coin?
The highest price reached by Pi Coin was $330.65. This shows it can change a lot in value and grabs market attention.
How can I buy Pi Coin?
You can get Pi Coin on exchanges like Binance, Kucoin, and Kraken. First, make an account on these exchanges. Then, pass their security checks. Finally, you can buy Pi, often trading it with USDT or similar.
What factors influence Pi Coin’s price?
Many things can change Pi Coin’s price. These include how people feel about the market, any news on regulations, and new tech developments in the Pi Network.
How can I sell Pi Coin?
Selling Pi Coin means putting it up for sale on an exchange at your price. When someone agrees to that price, the sale goes through.
Who are the founders of Pi Coin?
Stanford University’s Dr. Nicolas Kokkalis and Dr. Chengdiao Fan created Pi Coin.
What is the Pi Network DeFi?
The Pi Network DeFi aims to make mining easier and help its users earn passively.
What is Pi Coin’s historical performance?
Pi Coin’s value has swung a lot, from a low of $0.1794 to a high of $330.65.
Is Pi mining profitable?
How much you earn from mining Pi Coin depends on the token’s price and how many are involved. Unlike usual mining, you won’t worry much about computing power or electricity here.
What are the long-term prospects for Pi Coin?
The future of Pi Coin will depend on how many people use the network and any tech improvements. Predicting its price is tricky due to its newness and not much past data.
How does Pi Coin mining work?
Mining Pi Coin is doable on smartphones. This makes it easier for more people to get into mining without needing much computer power or electricity.
What are the recent price trends for Pi Coin?
Lately, Pi Coin’s value has been up and down. There have been drops and comebacks over the past 30, 60, and 90 days.
What are the best practices for investing in Pi Coin?
Good strategies for investing in Pi Coin are managing your risks well, spreading your investments, and thinking about long-term holding vs. quick trades.
How is Pi Coin ranked in the market?
Right now, Pi Coin is ranked #2103 in the cryptocurrency market.
What are the top exchanges to buy Pi Coin?
Some of the best places to buy Pi Coin are Binance, Kucoin, and Kraken.
How does market sentiment affect Pi Coin’s price?
The general mood of the market can really sway the value of Pi Coin, impacting both immediate and future prices.
Are there any expert opinions on Pi Coin’s future price?
What experts think Pi Coin will be worth varies, depending on current market actions, rules changes, and new tech in the network.
What is the market cap trend for Pi Coin?
While we can’t pin down Pi Network DeFi’s exact market size without knowing all circulating supply data, its busy trading volume of roughly $277,593.25 shows people are trading it actively.
How does mining Pi Coin differ from other cryptocurrencies?
Pi Coin’s mining is special because you can do it on smartphones. This is easier and uses less power than old-school mining ways.
What are the key technological developments within the Pi Network?
The Pi Network is always getting better and adding new stuff to become more useful and easy for more people to join.
How does Pi Coin’s price compare to its all-time high and low?
The price of Pi Coin is way below its highest ever but has jumped massively from its lowest point, showing how unpredictable it is in the digital currency world.
What are the main differences between Pi Coin and Bitcoin?
Pi Coin stands out with its unique way to mine and easy access. Meanwhile, Bitcoin is more established with higher market value and liquidity.
.1794 to a high of 0.65.
Is Pi mining profitable?
How much you earn from mining Pi Coin depends on the token’s price and how many are involved. Unlike usual mining, you won’t worry much about computing power or electricity here.
What are the long-term prospects for Pi Coin?
The future of Pi Coin will depend on how many people use the network and any tech improvements. Predicting its price is tricky due to its newness and not much past data.
How does Pi Coin mining work?
Mining Pi Coin is doable on smartphones. This makes it easier for more people to get into mining without needing much computer power or electricity.
What are the recent price trends for Pi Coin?
Lately, Pi Coin’s value has been up and down. There have been drops and comebacks over the past 30, 60, and 90 days.
What are the best practices for investing in Pi Coin?
Good strategies for investing in Pi Coin are managing your risks well, spreading your investments, and thinking about long-term holding vs. quick trades.
How is Pi Coin ranked in the market?
Right now, Pi Coin is ranked #2103 in the cryptocurrency market.
What are the top exchanges to buy Pi Coin?
Some of the best places to buy Pi Coin are Binance, Kucoin, and Kraken.
How does market sentiment affect Pi Coin’s price?
The general mood of the market can really sway the value of Pi Coin, impacting both immediate and future prices.
Are there any expert opinions on Pi Coin’s future price?
What experts think Pi Coin will be worth varies, depending on current market actions, rules changes, and new tech in the network.
What is the market cap trend for Pi Coin?
While we can’t pin down Pi Network DeFi’s exact market size without knowing all circulating supply data, its busy trading volume of roughly 7,593.25 shows people are trading it actively.
How does mining Pi Coin differ from other cryptocurrencies?
Pi Coin’s mining is special because you can do it on smartphones. This is easier and uses less power than old-school mining ways.
What are the key technological developments within the Pi Network?
The Pi Network is always getting better and adding new stuff to become more useful and easy for more people to join.
How does Pi Coin’s price compare to its all-time high and low?
The price of Pi Coin is way below its highest ever but has jumped massively from its lowest point, showing how unpredictable it is in the digital currency world.
What are the main differences between Pi Coin and Bitcoin?
Pi Coin stands out with its unique way to mine and easy access. Meanwhile, Bitcoin is more established with higher market value and liquidity.
