The crypto project Pi coin has been in existence since 2018. According to its founders, the blockchain protocol was created so anyone could mine Pi from a mobile device. Although the project has not made a public launch, the interest in the Pi network continues to grow.

In this review, we explore the Pi coin price prediction, where it is and how it could perform in the future. We also show you the best place to buy Pi for low fees.

Pi Coin Price History

Before making an investment decision, it is recommended that you understand what the Pi project is and the issues it aims to address. The Pi network is relatively new compared to industry behemoths like Bitcoin and Ethereum. The blockchain protocol was officially inaugurated on March 14, 2019, by a group of Stanford graduates.

According to its whitepaper, the Pi network is meant to fulfil the first principle of cryptocurrencies, as postulated by Bitcoin anonymous creator Satoshi Nakamoto. It is meant to give back financial power to the masses. This is the underlying motive of the project.

The Pi network aims to create a smart contract functional platform secured and operated by the average person. The protocol aims to foster the world’s most inclusive peer-to-peer (P2P) marketplace powered by the Pi utility token.

The influx of deep-pocketed corporations drives the network to focus on truly decentralising digital assets into the foremost digital asset network, Bitcoin. Given the relative mining difficulty of the Bitcoin protocol, only individuals and companies with vast resources can validate transactions in return for the network’s tokens. The Pi network aims to build a long-lasting minable protocol ideal for smartphone users.

Despite the low entry bar, the Pi network comes with all the benefits of a blockchain-driven initiative. This includes censorship-resistance, permissionless transactions between two parties, pseudonymity, and an equal financial playing field for all.

The Pi development team has ensured that they do not rely on the often-criticized proof-of-work (PoW) consensus algorithm to become future-proof. Instead, the protocol runs on a novel consensus mechanism called Federated Byzantine Agreement (FBA). This is a breakdown of the famous Stellar Consensus Protocol (SCP) used by the Stellar blockchain.

While the Stellar network relies on companies and institutions to serve as node validators, Pi’s FBA allows regular individuals to use their devices to secure the network while getting rewarded.

The framework of the Pi network is divided into four roles, including Pioneer, Contributor, Ambassador, and Node. The Pioneer occupies the least position on the Pi hierarchical ladder; it involves a regular mobile phone user who signs in regularly to mine. A contributor has a list of Pioneers who work under it to secure the network. An Ambassador works to bring more people into the network while the Node runs the core SCP algorithm.

Taking its cue from first-generation blockchain networks like Bitcoin, the Pi network intends to create an idea of token scarcity while ensuring that a sizable amount of the tokens are not concentrated in the hands of a few people.

Given this, the Pi economic model operates on four different models:

• Simple – Creating an intuitive and transparent economic model
• Fair Distribution – The asset’s price would give several people access to Pi tokens, unlike the first-generation protocols
• Scarcity – Create a form of scarcity to maintain its price
• Meritocratic Mining – Incentivising user engagements by rewarding their contributions to the network

Although the Pi network is still in development, the blockchain project has seen widespread adoption. The protocol had over 100,000 active users in June 2019 and above 29 million in May 2020. Today, the Pi network is over 33 million users strong.

To keep its value relatively affordable, the Pi network uses the halving method. The first halving occurred when the network hit the 100,000 user benchmark and dropped to 1.6 pi per hour. The second halving occurred when it crossed the One million-member mark and dropped to 0.4 pi per hour.

The minable smartphone network has been building its ecosystem. It released its Phase 2 testbed in April 2021. This allowed users to test the Pi browser and wallet. Phase 3, deployed in December 2021, included the launch of the network’s first-ever hackathon event.

Regarding fees, the Pi coin lacks value because it hasn’t been fully launched. A full launch would likely see the crypto asset list on centralised exchanges due to its community strength. A listing on popular crypto platforms could see long-term holders profit from their mined coins. Regarding Pi stock price, The Pi crypto ticker is not related to the NASDAQ:PI stock price for ImpinJ. If you’re interested in buying crypto stocks like Coinbase (NASDAQ:COIN), we recommend eToro for stocks and crypto trading. Read our page on the best apps for buying stocks now for more information.

Here’s a detailed summary of everything we’ve covered on Pi network price prediction thus far:

1. Pi network aims to make it easy for anyone to own crypto.
2. This is done by allowing anyone to mine the Pi coin on their mobile device without negatively impacting their battery life.
3. Pi uses Stellar’s FBA mechanism, making it more secure and modern than the PoW consensus algorithm.
4. The mining capability of users depends on the growth of its ecosystem as the network employs halving to protect the Pi coin value.
5. The network’s Phase 3 is on schedule, and we expect to see the protocol launch in the latter part of 2022.
6. Pi is currently not listed on any crypto exchange platform. This puts its dollar value at $0 at press time.

Pi Coin Price Prediction 2022

As stated earlier, the digital asset aims to allow a critical mass of the world’s population to own crypto by mining on their phone. Through this, Pi network would be used for its P2P marketplace, which would be community-driven and inclusive, allowing anyone to send and receive the Pi tokens.

Given its censorship-resistant status and halving mechanism, our Pi coin price prediction puts its value at $2 once the digital asset launches on crypto exchanges.

Cryptoassets are a highly volatile unregulated investment product.

Pi Coin Price Prediction 2023

For Pi coin to remain relevant in the crypto space, the new decentralised payment solution would need to ramp up its fundamental metrics to stay on par with other assets. This is inevitable, and given its broader scope of community acceptance, the fundamentals should not be hard to come by.

Use as a payment method by several businesses and merchants would likely see the value of Pi coin hit $5 on a modest scale. A more ambitious Pi coin price prediction could see the minable token surge to $10 before the year runs out.

Pi Coin Price Forecast Long Term Outlook – 2025 Prediction

Pi coin is expected to continue its blockchain integration march. A crucial metric for its success would be to build up its developer ecosystem. The launch of Phase 3’s hackathon indicates what the network intends in the long term.

Given its use of the Stellar Consensus Protocol (SCP), it would be easy for decentralised applications (dApps) to build and onboard the smart contract platform.

A strong developer ecosystem would give more use cases for the Pi token. Network upgrades are also expected, and a foray into the non-fungible token (NFT), decentralised finance (DeFi), and Metaverse ecosystems would do the digital asset a world of good. This could propel the price action of the Pi coin well above the $60 range in 2025.

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Potential Highs & Lows of Pi Coin

At press time, the price action of the Pi coin is still unknown because it’s still in pre-release mode. However, this is not expected to be the norm for long.

A significant push to $2 could see the digital asset record a 500% increase in a few short months.

Our Pi coin price prediction research gives the following potential lows and highs for the digital asset.

What is Pi Coin Used For?

What are the likely use cases for this decentralised cryptocurrency? Let’s explore 5 of the most obvious use cases for this new cryptocurrency.

Network Transaction Fees

Pi token powers the Pi blockchain. This means the token would play a significant role in the running of the protocol. All network transactions would be charged and paid with the token. Development teams using the smart contract network would need to hold Pi tokens to tap into the network’s resources.

Governance

Pi network will also feature a decentralised autonomous organisation (DAO). The Pi token is expected to serve as the governance token for the DAO. Token holders would be able to vote on proposals for the network.

Mining Capabilities

For the time being, the Pi token is used to incentivise user participation in the network. Users who sign in and click on the ‘Mine’ button to secure the network can easily earn their rewards in Pi.

Scales Trust Across the Web

Permissionless transactions are becoming the norm, and the Pi token is uniquely positioned to engender this novel concept. Here, two parties can easily send and receive digital assets in a trustless manner without a third party.

Balances Scarcity Using Bitcoin Model

Bitcoin has a hard-cap limit of 21 million coins. This makes it deflationary and scarce, thereby pushing the value of BTC ever higher with growing demand. The Pi network also taps into this model by halving the mining power of its token. This reduces the possible amount a miner earns from securing the network.

However, the Pi network balances this scarcity by rewarding contributors based on meritocracy and not how many resources they have. The protocol also ensures that a wider sample of the world’s population owns the Pi token by allowing individuals to only mine from a device and not multiple devices like other protocols.

What Drives the Price of Pi Coin?

Pi coin is expected to make a splash in the crypto market once it launches. In this section, we would explain the driving forces behind its expected growth?

Broader Crypto Market Trend

2021 was a bellwether year for digital assets, and this year is expected to continue the trend. Several businesses and institutions are already concluding that crypto-assets are here to stay. If the crypto market continues to trend, the Pi token would likely rally or dip with the other digital assets.

Current User Growth

The Pi network is one of the densest ecosystems available. Still, the protocol already has 29 million-plus active miners and users securing its network in beta. This is a fully-programmed space ready to explode once the network eventually goes live.

Eventual Listing On Centralised Exchanges

Centralised exchanges like eToro and Binance play a crucial role in crypto adoption. They are usually the safest and most benign ways users can access the crypto ecosystem. If the Pi coin makes a centralised launch, we could see a huge surge in its value. This could see the self-billed people’s currency shoot to over $2 before the year runs out.

Where to Buy Pi Coin

Investors who have taken the time to look at the Pi network price prediction are usually interested in where they can buy the crypto asset.

Looking to buy Pi coin? The most recommended platform is eToro.

eToro is a social trading platform that allows investors to buy cryptocurrency safely. The social trader platform is known for its easy setup and trading crypto assets for low fees. Looking to buy Bitcoin or any other crypto, eToro is the platform of choice.

When you register with eToro, you won’t be charged for registration, account management or any overnight fees. The crypto exchange only charges a uniform fee of 1% when traders open and close crypto positions.

Investors can also use the CopyTrade, and CopyPortfolio features to invest in the best Web3 coins. eToro’s copy trading feature allows newbie traders m to replicate the strategies of skilled traders to generate profitable trades. To safeguard user accounts, the platform employs strong encryption and masking technology. The platform also employs two-factor authentication as a security measure to verify new logins.

The minimum deposit on eToro is $10 for US and UK customers. To fund your account, eToro accepts payments via eToro money, credit/debit cards, PayPal, Skrill, Neteller, and other e-wallet services.

Over 60 cryptocurrencies are available for investors to buy, sell, or trade on the social trading platform. At the moment, eToro has not listed Pi currency yet as a tradable asset. This could change in the future, as the exchange regularly adds crypto assets to its platform.

Pros

Cryptoassets are a highly volatile unregulated investment product. 

Is Pi Coin the Best Crypto to Invest in?

We have reviewed the price of Pi coin and discussed the main features of this cryptocurrency asset. However, we believe that Tamadoge is currently one of the best cryptocurrencies to invest in.

Tamadoge

Another crypto project that we think is better than Pi coin is Tamadoge. This is a new play-to-earn crypto game in which players can mint virtual NFT pets and battle them against one another. Each NFT pet has randomly generated stats, strengths, and weaknesses, and the way players nurture their pets as they grow ultimately impacts how well they perform in battle.

The Tamadoge game has an exciting economy thanks to the native TAMA crypto token. Players pay TAMA to purchase NFT pets and they can win TAMA when they climb the game’s leaderboard by winning battles. In addition, players can use TAMA to upgrades and accessories as the Tamadoge marketplace.

TAMA is a deflationary token, meaning that the supply diminishes over time. 5% of every TAMA transaction in the game’s marketplace is burned. So, as more players join Tamadoge, the value of this coin is expected to rise.

Another nice thing about TAMA is that there is no tax on the coin. Players won’t pay fees to buy or sell TAMA, making it easier for anyone to join the Tamadoge ecosystem.

TAMA is currently available through a pre-sale on the Tamadoge website and the coin is expected to be listed on major crypto exchanges later this year.

Battle Infinity

Battle Infinity is a decentralised project that combines play-to-earn (P2E) protocols using blockchain and web 3.0 technology.

The Battle Infinity project offers users and creators the chance to participate on the Battle Arena – the metaverse project of this network. On the Battle Arena, users can stand a chance to play and earn crypto rewards on 6 different P2E games. For example, the Battle Arena is a P2E game where users can customize and develop their own avatars that exist on the metaverse. The avatars have their unique content IDs and have been minted on ERC 721 smart contracts as NFTs.

Users can access this feature by wearing VR headsets and interact with other users, attend concerts and events in the metaverse. Furthermore, Battle Infinity offers Battle Swap – a decentralised exchange where users can exchange their cryptos like Ethereum and BNB with IBAT – the platform’s utility token.

IBAT tokens are created on the Binance Smart Chain (BSC), allowing users to participate in the different P2E games. For example, users can stake IBAT tokens to access P2E games such as the IBAT Premier League. A portion of the staked tokens are bundled together in liquidity pools. From here, users can swap their IBAT tokens with other digital assets and gain rewards for participating in games.

Because Battle Infinity’s presale sold out within 24 days is planning to release the token on PancakeSwap – the popular DEX. Furthermore, the project plans on deploying NFT land sales, deploy smart contract mainnets and use celebrity marketing promote the token. Interested users can stay up to date with this project by checking out the Battle Infinity Telegram Group.

Conclusion

In conclusion, this Pi coin price prediction has discussed our forecast for the month and years ahead for Pi. We explored the token’s use case and potential in the market once it launches. Pi Network promises to solve web-scale issues while balancing the scarcity and availability of crypto assets. However, while millions of people have signed on as active users, the network model and its exact launch date remain a mystery.

Is Pi coin the only new crypto on the market? Click the link below to find out more information about IMPT – a new green NFT marketplace designed to revolutionize the carbon credit sector.

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