Pi Coin Price: Latest Updates and Market Trends

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.

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.

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:

Step-by-Step Buying Guide

Here’s an easy guide for those wanting to buy Pi Coin:

1. Create an Account: Pick an exchange like HTX or BuyUcoin and sign up. You’ll need to verify your account.
2. Set Up a Wallet: For DEX use, like PancakeSwap, setting up a Trust Wallet is a good move for Pi Network DeFi actions¹⁰.
3. Fund Your Wallet: Buy BNB or another main currency from Binance, then send it to your Trust Wallet¹⁰.
4. Connect Wallet to DEX: Link your Trust Wallet to a decentralized exchange like PancakeSwap to do the transaction¹⁰.
5. 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:

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.