Did you know the Pi Network now has about 35 million users? It started on March 14, 2019, attracting many to the world of digital money1. The price of Pi coin is currently $32.27. This shows active trading, with a daily volume of $297,169.94 USD2. In just one day, its value went up by 3%, which is pretty interesting2. To really get the Pi coin, we need to look at market trends, future guesses, and what makes the Pi Network special.
Key Takeaways
- The Pi Network was launched on March 14, 2019, and now has a user base of 35 million people1.
- As of now, the current price of Pi coin stands at $32.272.
- The 24-hour trading volume for Pi coin is approximately $297,169.94 USD2.
- In the last 24 hours, the price of Pi coin has increased by 3%2.
- Understanding Pi coin value involves examining market trends, user adoption, and predictions.
What is Pi Coin?
Pi Coin is a new kind of digital money that works on the Pi network. This network lets people mine currency on their phones. It started on March 14, 2019, thanks to Nicolas Kokkalis and Chengdiao Fan1. They made mining easier and more energy-efficient. Now, more people can join in.
Overview of Pi Network
The Pi network changes how mining works. It lets you use your smartphone to help out. This way, more people can mine without using too much energy1. The network has grown a lot, with 35 million users now1.
It plans to make 100 billion Pi coins in total. Right now, 68 million of them are out there2.
History of Pi Coin
The Pi network began in December 2018 and went live in March 20193. It wanted to make mining available to everyone and keep it green. Pi Coin’s price has gone up and down, showing how unpredictable the crypto market can be. It once hit a peak of $330.652. Today, it’s at $31.953.
Key Features of Pi Coin
Pi Coin has some cool qualities that make it stand out. It’s good for the planet because it uses less energy for mining. The network also builds trust among users for secure transactions1. And, it’s created a big community, with 35 million people waiting for its official launch1.
- Energy-efficient mobile mining
- Trust-based transaction validation
- Diverse and growing ecosystem
How Does Pi Network Work?
The Pi Network is an innovative project that lets users mine cryptocurrency on their phones. It was created in 2018 by Stanford University’s Nicolas Kokkalis and Chengdiao Fan. Now, it boasts over 33 million users4. Its success comes from a user-friendly mobile app, which is simple to use every day. This approach also cuts down on the environmental harm seen with typical cryptocurrency mining.
Mining Pi Coins on Mobile Devices
Mining Pi coins is easy. By hitting a lightning button in the app every day, users help validate transactions and keep the network safe4. This method welcomes more people, even if they’re not tech-savvy. The mining rate began at 1.6 PI per hour but has dropped to 0.2 PI to ensure the coins’ rarity and value5.
Roles within the Pi Network
The Pi Network uses different roles to make a secure and united community. As of January 2023, over 35 million are Pioneers5. Contributors list reliable users to boost security. Ambassadors bring new people in, and Nodes manage the critical network operations. Together, these roles keep the network strong and efficient.
Trust-Based Mechanism Explained
The Pi Network’s trust system is key. It uses the Stellar Consensus Protocol (SCP), where trust among users is crucial for transaction validation. This method saves energy and lowers the risk of fraud. By building a trust network, the Pi Network keeps its ledger decentralized and secure.
The Current Pi Coin Value
The current pi coin price is $31.5. This shows a slight increase of 0.58% from its last value6. Places like Binance, Kucoin, and Kraken offer it for trading, making it easy for crypto lovers to buy and sell. Despite being much lower than its highest price of $307.49 on December 30, 20226, Pi Coin has bounced back amazingly. It jumped an impressive 17,675.45% from its lowest price of $0.1794 on April 7, 20247. This shows it might be a golden chance for investors.
The trading volume in the last 24 hours is $581,9266. This number shows there’s a lot of action happening with Pi Coin. For fans of Pi Coin, keeping an eye on these changes in real-time pi coin value is key. The Market Cap is still $0 because nobody knows how many coins are out there right now. This mystery adds another twist to its trading game6.
Over the last week, the value of Pi has swung between $29.195222 and $34.4902176. This up and down movement highlights its unpredictable nature. Initially, Pi started trading on Gate.io at just $0.000903, but now it’s going for about $32.11 on HTX6. Currently ranked #3434 on CoinMarketCap, Pi Network is still making its mark in the crypto world7.
| Metric | Value |
|---|---|
| Today’s Current Price | $31.56 |
| Market Cap | $06 |
| 24-hour Trading Volume | $581,9266 |
| Weekly Price Range | $29.195222 – $34.4902176 |
| All-Time High | $330.65 (30/12/22)7 |
| All-Time Low | $0.1794 (07/04/24)7 |
| CoinMarketCap Rank | #34347 |
Factors Influencing Pi Coin Value
It’s crucial to know what affects Pi coin’s value if you’re into this new cryptocurrency. Several things play a part, like how much it’s wanted and used, and what people think about it. Let’s look into what makes Pi coin valuable.
Supply and Demand
How many Pi coins are available is controlled by cutting the supply in half at certain milestones. This happens when user numbers hit big levels like 100,000 or even 10 million8. With over 55 million users mining and 29 million active, the want for Pi coin is going up8.
Utility and Adoption
The usefulness of Pi coin and how many people use it are key to its value. Millions around the world are part of the Pi Network9. Over 10 million have passed KYC checks by April 2024, showing a solid base for more to join8. If Pi Network grows and finds ways to be used in daily life, the value of Pi could rise.
Market Sentiment
What people think about Pi coin also affects its price a lot. By February 29, 2024, guesses at its value were about $34.02 on some sites8. Changes in how many use it, the crypto market’s ups and downs, and big events can change these views9.
The outlook for Pi’s price looks promising, with a CoinCodex forecast hitting $35.97 by early March 2024. This is based on 19 hopeful versus 8 doubtful guesses8.
Comparison with Other Cryptocurrencies
Pi Coin stands out in the cryptocurrency world. It differs from giants like Bitcoin and Ethereum in key ways. Central aspects include how it handles centralization and energy use during mining. Understanding these points helps us see Pi Coin’s role in the digital economy.
Centralization vs. Decentralization
Pi Coin operates on a decentralized network, similar to Bitcoin. However, it’s unique because you can access it through mobile devices. This makes it more available to a wide audience. Still, Pi Coin’s technology is evolving, which raises concerns among forum members10. Meanwhile, 50% see Bitcoin as a safer investment10. This shows some doubt in Pi Coin’s ability to gain trust from investors.
A surprising 85.71% of forum users call Pi Coin a scam, highlighting the need for it to prove its worth10. Yet, 28.57% are intrigued by its technology10. In contrast, Bitcoin enjoys a high trust level at 70.58%, far above Pi Coin’s 23.52%10.
Energy Efficiency in Mining
Pi Coin’s mining method is less energy-consuming than Bitcoin’s. It uses mobile devices for mining without heavy power use. This approach attracts those concerned about the environment and the energy demands of conventional cryptocurrencies. Since Pi Coin is still growing, its eco-friendly mining is a key attraction11.
Comparing its value, Pi Coin lags behind Bitcoin and Ethereum. Its price is affected by market trends, demand, and investor feelings11. It’s important to look at the changing crypto landscape when evaluating Pi Coin11. Even though 71.43% mention its low trading value, they acknowledge its growth potential as the market evolves10.
Investors should consider Pi Coin’s value and its advantages in energy efficiency10.
| Cryptocurrency | Forum Mention Percentage | Sentiment | Development Stage Concerns | Energy Efficiency in Mining |
|---|---|---|---|---|
| Pi Coin | 23.52% | 85.71% negative | 100% | High |
| Bitcoin | 70.58% | 0% negative | 0% | Low |
Main Uses of Pi Coin
The Pi Network started in 2019, thanks to Stanford PhDs Dr. Nicolas Kokkalis and Dr. Chengdiao Fan. It makes mining cryptocurrency easy for everyone12. Pi Coin is mainly used to buy goods and services. With over 11 million KYC verified Pioneers, and more than 5 million users ready on the Mainnet, its use in real transactions is set to grow a lot12.
Pi Coin is also great for sending money to others. It uses a smart tech based on the Stellar Consensus Protocol (SCP) for secure, big transactions13. This means anyone can send money easily without needing powerful computers13
In the gaming world, Pi Coin is becoming more popular. It’s working with online platforms, which helps more people start using it and might increase its value13. The team behind Pi is always talking to its users, and they’re excited about how it will be used in games and entertainment13.
Pi Coin could change the way we pay for things every day. It’s all about making things better in terms of security, how big it can get, and how well it works. This sets the stage for its use in many areas13.
| Statistic | Details |
|---|---|
| Launch Year | 2019 |
| Pioneers | Over 11 million |
| Mainnet Checklist Completions | More than 5 million |
| Max Supply | 100 billion |
| Core Team Allocation | 25% |
| Mining Rate | 0.39 π/h for Pioneers |
Historical Price Trends of Pi Coin
Looking back at Pi Coin shows its prices have really gone up and down. It once varied from $29.56 to $38.6114. This shows how much it can change in a day, with changes between $0.03 and $3.72 being normal14.
Trading volume is another key point, which was between 162,256 and 379,98414. Despite this, the market value of Pi Network stayed at $0.00. This tells us it’s not yet traded publicly and its market is still speculative14.
Although it’s not on exchanges, some people have high hopes for it. The highest price seen was €288.590 while the lowest was just €0.05076400015. Such a big gap shows its price can really swing, often because of what’s happening with Bitcoin or new rules15.
Recently, its price fell by 2.68%, making it worth $31.951516. Looking at its past prices shows it might jump by 224.43%, reaching $105.3916.
Let’s talk about moving averages now. For example, the 50-day SMA stands at $36.35 and the 200-day is at $38.7816. Resistance levels are at $33.65, $35.01, and $36.83. Support levels fall at $30.47, $28.66, and $27.30. These figures suggest we should keep a close eye on Pi Coin’s price movements16.
Market Predictions for Pi Coin
Pi coin forecasts have a range of views, from cautious to very hopeful. The market now shows a mix of short-term and long-term forecasts for Pi Coin. These offer insights into its future trading scene.
Short-Term Predictions
Short-term, Pi coin’s price seems to go up and down. It’s now at $31.95, with hopes to hit $67.10 soon1617. By mid-September 2024, its value might swing between $32.48 and $45.1316. In October 2024, a dip is expected at first. Then, a sharp rise could follow, with an eventual average increase of 22.67%17. This shows how lively the market is.
Long-Term Predictions
Predictions for the long term show Pi Coin’s worth going up a lot. By October 10, 2024, it might surge to $105.39, a 224.43% jump16. Predictions for 2025 suggest a price between $93.23 and $101.8017. Some experts think Pi could reach up to $151.57 in 202516. Looking ahead to 2030, the value might vary between $215.42 and $231.3017.
Expert Opinions
Experts look at several indicators for price forecasts. The Fear & Greed Index is at 33, showing market worry16. The RSI stands at 42.63, hinting at a balanced market16. Based on SMA and EMA, selling might be advised16. Experts agree: for Pi to soar, big achievements and wide support are needed. These factors are crucial for Pi Coin’s growth into the next decade.
How to Buy and Sell Pi Coin
Exploring Pi Coin is exciting and can be rewarding. The Pi Network has 51 million users, known as Pioneers, and is growing. If you’re interested in buying Pi coin, it’s essential to know where and how to start18.
Popular Exchanges for Pi Coin
Pi coin buying and selling is picking up on key crypto exchanges. Binance, Huobi, and Bitmart are top picks for trading Pi Coin IOUs, with prices around $34.5019. Being on these exchanges keeps you updated in the fast-paced Pi Network.
Trading Pairs and Volumes
The Pi/USDT trading pair is a favourite for its stability. Observing trade volumes reveals market trends. The price of Pi coin IOUs has dropped by 15.4% recently, which is valuable for planning your trades19.
Steps to Purchase Pi Coin
Getting Pi Coin is easy if you know the exchanges and trading pairs. Follow this guide:
- Sign up on Binance, Huobi, or Bitmart.
- Go through the KYC process to verify your account.
- Add funds to your account, often in USDT, for buying Pi Coin.
- Look for the Pi/USDT pair.
- You can buy Pi Coin at market prices or set a limit order for a preferred price.
- Double-check and confirm your purchase.
To buy Pi coin smoothly, follow the steps given. With Pi Network aiming for 15 million Pioneers to pass KYC for its mainnet, staying informed is crucial19.
Storing Pi Coin Safely
Keeping your Pi coin safe is crucial for protecting your investments. You can pick from hardware wallets like Ledger and Trezor, or software wallets. Each has benefits that suit different needs. Knowing how these options work is important for all Pi Network users.
Hardware Wallets
Hardware wallets, such as Ledger and Trezor, are top choices for Pi coin. They keep your private keys offline, making them very secure. With Pi looking to integrate with these wallets by 2024, they’re becoming even more useful20. Since there will be fewer than 100 billion Pi coins, secure storage is a growing need20.
Software Wallets
Software wallets offer a handy way to handle your cryptocurrency. By 2024, syncing across devices will make it easy to check your Pi on web and mobile20. Right now, the Pi App is the main way to manage Pi, but more advanced options are coming20. With over 35 million users and rising21, the demand for solid wallets is set to increase.
Here’s a quick look at the perks of using hardware and software wallets for Pi coin:
| Feature | Hardware Wallets | Software Wallets |
|---|---|---|
| Security Level | High (Offline Storage) | Moderate (Online Access) |
| Accessibility | Requires Physical Device | Accessible via Multiple Devices |
| User Experience | Requires Initial Setup | Generally User-Friendly |
| Future Integrations | Planned for 2024 | Planned for 2024 |
Pros and Cons of Investing in Pi Coin
Investing in Pi coin is both exciting and challenging. It’s crucial to know the good and bad before deciding. This way, you can make a smart choice.
Pi coin investment has several benefits. Being part of it early could lead to great rewards. Launched in 2019, Pi Network already has millions of users worldwide22. It’s easy for newcomers to start with Pi thanks to its user-friendly design22. Plus, you can mine Pi coins on your phone. This makes mining less harmful to our planet23.
Pi Network’s smart control of coin supply is also impressive23. It uses the Stellar Consensus Protocol (SCP) for safe transactions23. With over 17 million users, its popularity could lead to its value going up23.
But, there are downsides to consider. The biggest one is the uncertainty about when it will hit the market22. Without a trading history, it’s hard to predict its future. Plus, its success is heavily dependent on continued user interest
222.
The move from a new idea to a traded cryptocurrency is full of unknowns. Investors must think carefully about these risks and the gains.
In summary, when thinking about Pi coin investment, look at its global reach and unique mining. Also consider the unknowns about its entry into the market. This will help you make a well-rounded decision222.
The Future of Pi Coin
Pi Coin stands at the dawn of its mainnet launch, exciting investors worldwide. With over 47 million users, the hope for Pi’s value to soar is high once it starts trading openly. Right now, Pi’s price is $38.28, after a slight dip of 4.39%, in a market worth $2.62 billion24
Experts have high hopes for Pi Network’s value. They see it possibly hitting $105.39 by October 10, 2024, which is a 224.43% jump16. Looking further ahead, prices might fluctuate between $79.79 and $129.37 by 203016.
Several factors will shape Pi’s future growth. Market trends, tech advancements, and its crypto peers influence its performance. Currently, Pi’s Relative Strength Index (RSI) sits at a neutral 42.63, with cautious investor sentiment at 33 (Fear)16. But, for a deeper dive, check out more predictions and expert thoughts here.
Pi’s strategy of mobile mining and creating a large peer-to-peer market is its strength. These elements will likely boost its use and appeal, key to Pi Network’s triumph. Despite uncertain market signals, the outlook for Pi ranges from hopeful to uncertain among investors.
Real-Time Pi Coin Value and Market Updates
It’s key for cryptocurrency fans to watch the real-time pi coin value. The Pi Network price is now $31.89, changing by 3.2537% in the last day25. This showed a drop to $30.11 and a rise to $33.2 in 24 hours25. Following these Pi coin market updates helps you decide when to buy, sell, or keep your coins.
Right now, Pi’s price is $32.27, which is up 3% from yesterday2. Tracking these cryptocurrency price movements is crucial. It shows you where the market is headed. Today’s trading volume is $305.85K, going down a bit to $297,169.94 USD252.
The Pi Network hit a record price of $307.49 but then fell by 89.63%, 620 days ago25. The top price recently was $330.65, showing a big change in the market. Details like these help you understand the Pi Network’s DeFi, with a huge total of 10 billion tokens2.
Pi coins have a huge total supply of 100 billion. And its total market value is massive, at $3,227.29B2. Keeping track of these figures means you know the latest real-time pi coin value and updates on the Pi coin market.
| Statistic | Value |
|---|---|
| Pi Network Price | $31.8925 |
| Value 24h Low | $30.1125 |
| Value 24h High | $33.225 |
| Trade Volume for 24h | $305.85K25 |
| Pi Network ATH Price | $307.4925 |
| Days Since ATH | 62025 |
| All-Time High % | -89.63%25 |
| Current Live Price of Pi | $32.272 |
| Price Change in the Last 24 Hours | +3%2 |
| 24-hour Trading Volume | $297,169.94 USD2 |
| All-Time High Price of Pi | $330.652 |
| Price Change in the Last Hour | -2.57%2 |
| Price Change in the Last 7 Days | -6.94%2 |
| Fully Diluted Market Cap of Pi | $3,227.29B2 |
| Circulating Supply of Pi | 0252 |
Conclusion
In conclusion, the value of Pi Coin is still uncertain. It combines future uses with guesswork. Last year, it grew over 190%, reaching a high of $330.65 on December 30, 202226. Yet, it’s been a rollercoaster. The price dropped to $19.7 by July 14, 2023, then rose to about $39 by October 23, 202326. This shows how volatile the world of cryptocurrency can be.
What’s next for Pi Coin depends on its launch success. Some think its value might drop, but it could also hit its past high near $6026. As of August 27, 2024, its price is $36.49. The market cap stands at $2,481,057,332, with daily trades of $155,7757. If you’re thinking about investing, it’s essential to keep up with the latest news and be careful.
The Pi Network has grown a lot in four years. Even though some guesses put its value at $314,000 per coin, more realistic figures are much lower27. Investing in Pi Network means navigating both chances and challenges. It’s important to stay updated and make smart choices based on the current market and tech progress.
