Pi Network Price Prediction: How Will Pi Coin Price React In 2024?

Over four years since its initial announcement, the highly anticipated Pi Network cryptocurrency remains off the open market. Yet, it continues to generate significant buzz within the crypto community. Achieving such widespread discussion without an established market value is remarkable. Despite hosting a hackathon and introducing an online social platform this year, the future of the PI coin’s tradability remains uncertain.

By the end of 2023, there were hints from Pi about a potential launch of its open mainnet in 2024, dependent on specific criteria being fulfilled. Pi coin serves as the decentralized digital currency fueling the Pi Network, designed to facilitate peer-to-peer transactions and allow individuals to mine cryptocurrency directly from their smartphones. This approach presents a significantly more user-friendly option compared to traditional Bitcoin mining, attracting over 47 million participants to date.

Consequently, this surge in user engagement has led numerous investors to view Pi coin as a potentially groundbreaking cryptocurrency in the market. Launched in 2018 by Nicolas Kokkalis and Chengdiao Fan, the Pi Network emerged as a rival to Bitcoin and other transaction-oriented cryptocurrencies, aiming to democratize the mining process by making it accessible via smartphone mining. This initiative stands in contrast to

and several other Proof-of-Work blockchains that require specialized, high-cost hardware, such as ASIC chips, for mining operations. The mining process within the Pi Network is divided into three stages: the pre-Mainnet, the closed Mainnet, and the open Mainnet phases. Presently, it is in the closed Mainnet stage. In this article, we’ll explore Pi network’s future market potential and short-term price targets from our Pi network price prediction.

Pi Network: A Quick Introduction

In the crypto market, a prevalent method for earning profits is through the mining of cryptocurrencies. For cryptocurrencies like Bitcoin (BTC), this process entails deciphering a series of increasingly complicated mathematical problems. However, this approach encounters a significant challenge: as the problems become more complex, they demand greater computing power. Over time, this trend makes mining inaccessible to the average individual and poses environmental concerns.

The Pi Network emerges as a solution aiming to simplify the cryptocurrency mining process. Instead of the complex task of solving mathematical problems, individuals can mine the network’s native token, PI, by simply pressing a button on a mobile app.

The Pi Network was established by Nicolas Kokkalis and Chengdiao Fan, scholars from Stanford University, in 2018 and officially launched on March 14, 2019, coinciding with Pi Day.

Within the Pi Network ecosystem, users are categorized into four roles: Pioneers, who mine the coin; Contributors, who provide a list of trustworthy users to the network; Ambassadors, who expand the network by recruiting new users with a referral code; and Nodes, who contribute computing power from their personal computers.

To maintain its rarity, the Pi Network undergoes periodic “halving” events. Halving diminishes the reward for mining new transactions by fifty percent once a certain threshold is reached.

Initially, the mining rate of PI was halved from 1.6 π to 0.8 π per hour upon reaching 100,000 users. It was further reduced to 0.4 π per hour at the milestone of 1 million users, and to 0.2 π per hour when the network expanded to 10 million users. This halving process will persist, with rewards decreasing to zero as the network approaches one billion users.

Pi Network (PI) Market Overview as of November 20, 2024

As of November 20, 2024, Pi Network (PI) is trading at approximately $65.88, reflecting a 7.56% increase over the past 24 hours and a 13.01% rise over the past week.

Pi Network Price	$69.99
24-Hour Price Change	+6.8%
7-Day Price Change	31.6%
Market Cap	$3.9 billion (self-reported)
Circulating Supply	68 million PI
24-Hour Trading Volume	$764,816
ATH	$307.49 on December 30, 2022
Fear-Greed Index	83 (Extreme Greed)
Sentiment	Bullish
Volatility	15%
Green Days	20/30 (67%)

Recent Price Movements

In March 2024, Pi Network’s price surged from around $40 to over $120 within days, followed by a sharp decline to approximately $32. Since October, the price has been on an upward trajectory, breaking above the 50-day and 200-day EMAs, indicating a potential continuation of this trend.

Indicator	Value
Support levels (Fibonacci, S1/S2/S3)	$35.5 / $19.8
Resistance levels (Fibonacci, R1/R2/R3)	$86.5 / $102.3 / $127.8
50-day EMA	$46.3
200-day EMA	$40.1
RSI level	64.4
MACD level (Signal Line)	0.27

Pi: Bitcoin’s Upcoming Rival

In contrast to the proof-of-work (PoW) protocol used by Bitcoin and similar networks, Pi nodes operate on an algorithm derived from the Stellar Consensus Protocol (SCP). These nodes are responsible for verifying transactions within a distributed ledger and agreeing on the sequence of newly recorded transactions.

The SCP framework enables Pi nodes to establish security circles, essentially groups of three to five trusted individuals known to each user. These circles create a global network of trust, safeguarding against fraudulent transactions by ensuring that only transactions approved by trusted nodes are validated on the ledger.

The PI mining application functions as a crypto wallet, tethered to the user’s mobile phone number or Facebook account. Similar to other public blockchain technologies, the Pi blockchain is designed to support external wallets that can store PI coins and initiate transactions directly with the blockchain. However, the Pi blockchain distinguishes itself from others as its developers have yet to make its source code public.

Updates

In November 2021, the development team began rolling out technical and product enhancements. Key updates included the launch of a pilot Know Your Customer (KYC) application and the introduction of a Block Explorer.

The pilot phase of the KYC application was initially trialed with community moderators before being made available on a restricted basis. This step initiated the verification of pioneers and aimed to refine the application’s user experience and automation capabilities. Alongside, the Pi Block Explorer was introduced to allow pioneers to review transaction histories and delve into details such as the sender, receiver, and transaction amounts.

Additionally, updates were made to the Pi wallet, incorporating push notifications to inform pioneers of incoming payments on the blockchain. It also addressed a glitch affecting Android users, who were previously unable to view their wallet passphrase.

In September 2023, the platform initiated a Developer Ambassador Program to encourage more development of decentralized applications (DApps) on its system.

An update was rolled out in late October to highlight verified and approved third-party apps, following the introduction of Staked DMs, a feature allowing network users to send messages by staking PI.

In December, Pi announced PiFest, its latest e-commerce event. However, there was still no definitive launch date for the Pi Network mainnet, though the platform’s roadmap hinted at a possible launch within the year, contingent on completing Open Network preparations, achieving a certain level of user KYC verification, and favorable macroeconomic conditions. It’s important to clarify that PI differs from the Pi Network DeFi token, which is based on the Binance blockchain and available on the PancakeSwap (CAKE) decentralized exchange.

Pi Network Price Prediction: Price History

Founded in 2018 by Nicolas Kokkalis and Chengdiao Fan, the Pi Network emerged as a challenger to Bitcoin and other cryptocurrencies designed for payments, offering a more inclusive approach by allowing users to mine on smartphones, unlike Bitcoin’s and similar networks’ reliance on specialized, costly equipment like ASIC chips for mining.

The Pi Network’s development journey includes three distinct phases: the pre-Mainnet phase, the closed Mainnet phase, and the eventual open Mainnet phase. Presently, it’s in the closed Mainnet phase.

The journey began in 2019 with the pre-Mainnet phase, where participants could earn PI by simply pressing a button on the mobile app daily, signaling their active involvement in the network.

According to CoinMarketCap, records of Pi coin’s price history started in December 2022, but it cautioned that the coin remains non-tradeable, with exchanges that list PI offering “IOUs” rather than genuine coin ownership. 

Despite its non-tradeable status, PI hit a peak price of $244 on 1 January, 2023. Since then, the price of Pi continued to decline and it underwent a significant sell-off, dropping to lows of $19.7 by July 14, 2023. Though the price showed some recovery in August toward $50, it failed to hold its bullish momentum and continued to trade within a bearish zone around $30 for the next few months.  

In recent weeks, as the market has rebounded from its support lines, there has been a surge in buying activity for the Pi coin, sending its price over $50.

Pi Network Price Prediction: Technical Analysis  

Bears are trying to disrupt the upward trajectory of Pi coin as it nears the $37 level. Sellers are strongly defending the resistance channels around $40; however, bulls hold the momentum above $36. Currently, the Pi coin is priced at $37.8, having declined by 0.5% since yesterday.

The bulls are working to send the price beyond $40 to rekindle the upward trend. If successful, this could enhance the momentum of the PI/USDT pair, potentially pushing it towards $55. While the $55 mark may pose a challenge, exceeding it could send the rally to reach $102.

On the other hand, for bears to take control, they would need to sell forcefully and push the price below the 20-day exponential moving average (EMA) at $36. This move could activate stop-loss orders from many short-term traders, possibly leading to a significant correction down to $28.

The rising trajectories of both moving averages and the relative strength index (RSI) in the bullish zone on the 4-hour chart illustrate the dominance of the bulls. Their consistent support above the 20-EMA demonstrates their strategy of buying on slight dips. 

Pi Network Price Prediction By Blockchain Reporter

Year	Minimum ($)	Average ($)	Maximum ($)
2024	32.73	76.4	80.57
2025	79	88.74	94.08
2026	108.45	128.19	132.33
2027	141.71	158.52	168.94
2028	161	165	177
2029	174.56	191.31	202.04
2030	248.66	267	275.69
2031	359.17	379.97	385.37
2032	506.77	528.91	530.1
2033	691.13	708.18	715.85

Pi Network Price Prediction 2024

The upcoming unlock of billions of Pi coin tokens is expected to create significant selling pressure throughout 2024. At present, Pi Network users are restricted to trading and transferring tokens exclusively among themselves. However, with the upcoming launch of the open Mainnet, a broader range of vendors and merchants are expected to start accepting the cryptocurrency.

Regarding the token release, a significant portion of the 100 billion capped supply will remain locked at the outset of the open Mainnet. Nonetheless, as stated in the Pi coin whitepaper, users are projected to have mined approximately 10-20 billion PI by the time the open Mainnet launches. With the current price exceeding $38, this would position Pi among the top cryptocurrencies in terms of market capitalization.

Given its present limited utility and the probability that many holders will opt to sell their tokens promptly, it is anticipated that Pi will undergo a substantial selloff before it finds price stability.

As per the forecast and technical analysis, in 2024, the price of Pi Network is expected to reach a minimum price value of $32.73. The Pi price can reach a maximum price value of $80.57 with an average value of $76.40. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	19.64	61.12	68.48
February	20.83	62.51	69.58
March	22.02	63.9	70.68
April	23.21	65.29	71.78
May	24.4	66.68	72.88
June	25.59	68.07	73.98
July	26.78	69.45	75.08
August	27.97	70.84	76.18
September	29.16	72.23	77.27
October	30.35	73.62	78.37
November	31.54	75.01	79.47
December	32.73	76.4	80.57

Pi Network Price Prediction 2025

If the Pi open Mainnet launches in 2024, the project might start to see price stability by 2025. The capped supply and a planned mechanism for releasing coins could make the Pi coin appealing to developers and vendors interested in a dynamic ecosystem. This could lead to increased utility for the coin and might reduce the selling pressure caused by the mining of Pi, possibly increasing its demand. Additionally, 10% of Pi coins are earmarked for ecosystem development, which could further stimulate growth.

The coin’s distinctive approach as a decentralized and distributed cryptocurrency might attract speculative investors, boosting its demand. Moreover, many experts predict a Bitcoin bull run in 2025, which could lift the prices of leading alternative coins, possibly including Pi coin, given its large community base.

The price of Pi Network is expected to reach a minimum level of $79.00 in 2025. The Pi price can reach a maximum level of $94.08 with the average price of $88.74 throughout 2025. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	63.2	79.87	89.38
February	64.64	80.67	89.8
March	66.07	81.48	90.23
April	67.51	82.29	90.66
May	68.95	83.09	91.09
June	70.38	83.9	91.51
July	71.82	84.71	91.94
August	73.25	85.51	92.37
September	74.69	86.32	92.8
October	76.13	87.13	93.22
November	77.56	87.93	93.65
December	79	88.74	94.08

Pi Network Price Prediction 2026

In 2026, Pi Network’s price is anticipated to hit a minimum of $108.45. The maximum price is forecasted to be $132.33, with an average standing strong at $128.19. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	92.18	115.37	125.71
February	93.66	116.54	126.32
March	95.14	117.7	126.92
April	96.62	118.87	127.52
May	98.1	120.03	128.12
June	99.58	121.2	128.72
July	101.06	122.36	129.32
August	102.53	123.53	129.92
September	104.01	124.69	130.53
October	105.49	125.86	131.13
November	106.97	127.02	131.73
December	108.45	128.19	132.33

Pi Network Price Prediction 2027

For the year 2027, Pi Network is expected to maintain a minimum price of $141.71. The price may soar to a maximum of $168.94 with the average likely hovering around $158.52. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	120.45	142.67	160.49
February	122.39	144.11	161.26
March	124.32	145.55	162.03
April	126.25	146.99	162.8
May	128.18	148.43	163.56
June	130.12	149.87	164.33
July	132.05	151.31	165.1
August	133.98	152.76	165.87
September	135.91	154.2	166.64
October	137.85	155.64	167.4
November	139.78	157.08	168.17
December	141.71	158.52	168.94

Pi Network Price Prediction 2028

The forecast for 2028 shows a stabilization in Pi Network’s price, maintaining the minimum at $161 and maximum at $177, identical to 2027, with an average price also consistent at $165. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	157.78	163.35	175.23
February	158.07	163.5	175.39
March	158.37	163.65	175.55
April	158.66	163.8	175.71
May	158.95	163.95	175.87
June	159.24	164.1	176.03
July	159.54	164.25	176.2
August	159.83	164.4	176.36
September	160.12	164.55	176.52
October	160.41	164.7	176.68
November	160.71	164.85	176.84
December	161	165	177

Pi Network Price Prediction 2029

Moving towards 2029, the price of Pi Network is projected to start at a minimum of $174.56. It could peak at $202.04, with the year’s average price predicted to be $191.31. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	148.38	172.18	191.94
February	150.76	173.92	192.86
March	153.14	175.66	193.77
April	155.52	177.4	194.69
May	157.9	179.14	195.61
June	160.28	180.87	196.53
July	162.66	182.61	197.45
August	165.04	184.35	198.37
September	167.42	186.09	199.28
October	169.8	187.83	200.2
November	172.18	189.57	201.12
December	174.56	191.31	202.04

Pi Network Price Prediction 2030

The year 2030 is expected to see Pi Network prices ranging from a minimum of $248.66 to a maximum of $275.69, with an average price of $267.00. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	223.79	253.65	270.18
February	226.05	254.86	270.68
March	228.32	256.08	271.18
April	230.58	257.29	271.68
May	232.84	258.5	272.18
June	235.1	259.72	272.68
July	237.36	260.93	273.18
August	239.62	262.15	273.68
September	241.88	263.36	274.19
October	244.14	264.57	274.69
November	246.4	265.79	275.19
December	248.66	267	275.69

Pi Network Price Prediction 2031

In 2031, the price of Pi Network is projected to reach a minimum of $359.17. The potential maximum price is $385.37, averaging at $379.97 throughout the year. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	323.25	360.97	377.66
February	326.52	362.7	378.36
March	329.78	364.43	379.06
April	333.05	366.15	379.76
May	336.31	367.88	380.47
June	339.58	369.61	381.17
July	342.84	371.33	381.87
August	346.11	373.06	382.57
September	349.37	374.79	383.27
October	352.64	376.52	383.97
November	355.9	378.24	384.67
December	359.17	379.97	385.37

Pi Network Price Prediction 2032

The forecast for 2032 suggests that Pi Network will see a minimum price of $506.77 and may reach a maximum price of $530.10, with an average price of $528.91. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	481.43	518.33	524.8
February	483.74	519.29	525.28
March	486.04	520.26	525.76
April	488.34	521.22	526.24
May	490.65	522.18	526.73
June	492.95	523.14	527.21
July	495.25	524.1	527.69
August	497.56	525.06	528.17
September	499.86	526.03	528.65
October	502.16	526.99	529.14
November	504.47	527.95	529.62
December	506.77	528.91	530.1

Pi Network Price Prediction 2033

By 2033, Pi Network is predicted to attain a minimum price of $691.13. The maximum price can escalate to $715.85, with the average price throughout the year expected to be $708.18. 

Months	Minimum ($)	Average ($)	Maximum ($)
January	656.57	694.02	708.69
February	659.72	695.3	709.34
March	662.86	696.59	709.99
April	666	697.88	710.64
May	669.14	699.17	711.29
June	672.28	700.45	711.95
July	675.42	701.74	712.6
August	678.56	703.03	713.25
September	681.71	704.32	713.9
October	684.85	705.6	714.55
November	687.99	706.89	715.2
December	691.13	708.18	715.85

Pi Network Price Prediction: By Experts

According to the current Pi Network price prediction from Coincodex, the price of Pi Network is expected to increase by 228.53%, reaching $121.39 by July 20, 2024. Technical indicators suggest a bearish current sentiment, while the Fear & Greed Index indicates a score of 60, representing ‘Greed’.

In the past 30 days, Pi Network has experienced 13 green days, accounting for 43% of the time, with a price volatility of 3.46%. The forecast advises that it is currently not a good time to purchase Pi Network. Historical data on Pi Network’s price movements and BTC halving cycles suggest that the lowest projected price for Pi Network in 2025 could be around $36.95, while the highest price could reach $174.88 in the following year.

According to the 2025 prediction from Coindcx, the beginning of the year may see a significant rise in bullish dominance, potentially sustaining a bullish trend throughout the first quarter. This ongoing positive momentum could lead to a substantial price increase, with values possibly surpassing $480 or even reaching $500 by mid-year. After setting new highs ranging from $550 to $620, the trend is anticipated to reverse, as bearish forces begin to emerge. By the end of the year, the price is expected to fluctuate between $500 and $520, indicating clear signs of a shift toward a bearish market.

According to the 2030 prediction from Coindcx, Pi Network may initiate a lasting upward trend early in the year, surpassing the $800 mark and setting a new high. While this achievement may be temporary, it sets a solid foundation for positive strategies. Following this initial surge, the price of Pi could see a considerable increase, possibly reaching new highs between $1050 and $1150.

However, such a milestone might provoke a negative market reaction, leading to a prolonged consolidation period in a bearish environment. This downward trend is expected to continue through the end of the year, with Pi trading in the range of $890 to $920.

Is Pi Coin A Good Investment? When To Buy?

Pi coin is an innovative and highly experimental endeavor, gaining popularity as a method to acquire free cryptocurrency. Yet, it’s important to note that investors are unable to purchase Pi directly; instead, they can only acquire IOUs on certain exchanges. The Pi development team has cautioned against buying these IOUs due to the high likelihood of a price drop when the open Mainnet launches.

Given these considerations, it is not advisable to invest in Pi coin at this time. Nonetheless, Pi coin may present long-term possibilities once its market price achieves stability in the future. However, one can buy this crypto at an average price of $35 for a profitable return in the long term.

Conclusion

Like all cryptocurrencies, the price of Pi coin is primarily influenced by supply and demand dynamics. Currently, Pi Coin is characterized by a large supply with relatively few factors driving demand.

With an impressive user base exceeding 47 million, many of whom are unable to sell their Pi, there’s a significant backlog of holders eager to realize some profits. It is anticipated that a considerable amount of this sell-off pressure will manifest shortly after the launch of the open Mainnet, possibly leading to a substantial decrease in price.

Conversely, the development of the ecosystem or additional benefits for long-term investors could mitigate some of the anticipated selling pressure. Despite Pi coin not being directly purchasable or sellable—except through IOUs on certain exchanges—a notable transaction in South Korea involved a painting being sold for $37.59 per Pi, demonstrating the coin’s potential as a medium of value transfer and possibly enhancing its demand. However, given that the fully diluted market cap of Pi (based on the price of its IOUs) far exceeds the total market cap of the global cryptocurrency market, it’s highly unlikely that any surge in demand will be sufficient to counterbalance the expected sell pressure.

Moreover, regulatory scrutiny presents another challenge for the Pi coin. The Pi Network recently came under investigation by the Vietnamese government, accused of operating as a multi-level marketing scheme. The resolution of this investigation is pending, but it underscores the regulatory risks associated with Pi coin, especially given its referral-based system.

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