Pi Price Prediction 2023, 2024,…, 2030: Can Pi Network touch 500USD?

This essay will discuss the highly well-known Pi currency, its price history, and price predictions from 2023 to 2030. We’ll also decide if it’s a good idea to invest in it in 2023 and beyond.

Introduction

Bitcoin mining is arduous. Investing in cryptocurrencies is risky. In far too many ways, we are all being left out of the bitcoin revolution. Pi makes cryptocurrency mining easier.

What is Pi?

Pi is a huge step forward in the worldwide acceptance of cryptocurrencies since it is the first digital money built for everyday usage.

Mission: Create a platform for smart contracts and cryptocurrencies that ordinary people can govern and safeguard.

Vision: Using Pi, the most popular cryptocurrency, create the most open-minded peer-to-peer marketplace in the world.

The Pi Core Team set out to design a mining system that would allow average individuals to mine (or earn cryptocurrency rewards for validating transactions on a distributed record of transactions). The additional design requirement of adopting a consensus method that is both extremely user-friendly and ideally allows mining on desktop PCs and mobile devices has been added for Pi.

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A Brief Overview of the Stellar Consensus Protocol

Pi uses the alternative class of consensus algorithms, which is based on the Stellar Consensus Protocol (SCP) and an algorithm known as Federated Byzantine Agreement (FBA). Such algorithms do not waste energy, but in order for the nodes to “consensus,” or agree on what the next block should be, a large number of network messages must be sent.

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Each node may independently assess if a transaction is genuine or not based on the cryptographic signature and transaction history, such as the authorization to perform the transition and double spending.

Users can play four different roles as Pi miners. Namely

• Pioneer- just certifying on a daily basis that they are not a “robot” as a Pi smartphone software user. This user validates their identification every time they log in to the app. They may also utilize the app and submit transaction requests (like as sending money in Pi to another Pioneer ).
• Contributor. a Pi mobile app user who is contributing by sending a list of pioneers they are familiar with and confidence in. Pi contributors will work together to establish a global trust graph.
• Ambassador- a Pi mobile app user who welcomes new Pi network users.
• Node- a pioneer and contributor who uses both the Pi mobile app and the Pi node software on their PC or laptop. The Pi node software is the software that performs the core SCP algorithm while taking into consideration the trust graph data provided by the Contributors.

A user may take on more than one of the responsibilities listed above. Because every position is critical, every role receives newly minted Pi every day as long as they participated and contributed on that specific day. Under the wide definition of “miner,” which is defined as a user who obtains access to freshly produced money in return for contributions, all four jobs are considered Pi miners.

Roadmap / Deployment plan

Phase 1 – Design, Distribution, Trust Graph Bootstrap.

The Raspberry Pi server acts as a faucet, replicating the behavior of the decentralized system when it is operational. In contrast to the stable phase of the main net, improvements in user experience and behavior are both possible and very simple at this phase.

All coin minting to users will be shifted to the live net following the introduction of the live net. In other words, the livenet will continue to operate in the same manner as the current system, but will be totally decentralized, and will pre-mint in its genesis block any account holder balances generated during Phase 1.

Pi is not currently available for purchase with other currencies and is not listed on any exchanges.

Phase 2 – Testnet

Prior to the launch of the main net, the Node software will be installed on a test net. Unlike the main net, the test net will use a testing Pi money and the same trust graph. The Pi core team will host a few nodes on the test net, but it will also invite other Pioneers to set up their own nodes there. In reality, every node wishing to join the main network should begin on the testnet.

In phase one, the test net will run concurrently with the Pi emulator, and the data from both systems will be compared on a regular basis, say once a day, to detect defects and inadequacies in the test net. This will allow Pi developers to propose and implement solutions. Following a full concurrent run of both systems, the testnet’s findings will consistently match those of the emulator.

Pi will go on to the next step when the community thinks it suitable.

Phase 3 – Mainnet

When the community deems that the software is ready for production and has been thoroughly tested on the testnet, the Pi network’s official mainnet will be launched. The fact that only accounts verified to belong to particular actual persons will be respected throughout the mainnet transition is a critical aspect.

The faucet and Pi network emulation in Phase 1 will be switched off at this point, and the system will thereafter operate constantly on its own. In the future, the committee will propose protocol enhancements, including feedback from the Pi developer community and Pi’s core team.

They will be launched and implemented in the same way that any other blockchain is, by nodes upgrading their mining software. The money will be completely decentralized and will not be controlled by any central entity. The balances of users that are duplicates or bogus users will be deleted. At this point, Pi may be connected to exchanges and exchanged for multiple currencies.

The Pi Economic Model

Pi seeks to strike a balance between instilling in Pi a sense of scarcity and ensuring that a significant amount does not wind up in the hands of a very small number of people. We want to ensure that users mine more Pi when they contribute to the network. Pi’s goal is to create an economic model that is complicated enough to accomplish and balance these goals while remaining user-friendly.

Design requirements for Pi’s economic model:

• Simple: Make a clear and understood model.
• Fair distribution: Make Pi available to a critical mass of the world’s population.
• Scarcity: Instill a feeling of scarcity to preserve Pi’s price over time.
• Meritocratic mining: Recognize and reward actions that contribute to sustain and extend the network.

Token Supply Pi (Token Emission Policy)

1. Total Max Supply = M + R + D
   1. M = total mining rewards
   2. R = total referral rewards
   3. D = total developer rewards

1. M = ∫ f(P) dx where f is a logarithmically declining function
   1. P = Population number (e.g., 1st person to join, 2nd person to join, etc.)

1. R = r * M
   1. r = referral rate (50% total or 25% for both referrer and referee)
2. D = t * (M + R)
3. t = developer reward rate (25%)

Pi in Recent News

• KYC Update is now up on the Pi mining app home screen.
• Pi Coin trading pairs with USDT (Tether) have gone live on XT.COM and the pair is pumping so far.

Pi Coin Price History

On March 14, 2019, a group of Stanford graduates formally unveiled the blockchain technology.

Despite the fact that the Pi network is still under construction, the blockchain project has seen widespread acceptance. By May 2020, there would be over 29 million active users of the protocol, up from over 100,000 in June 2019. The Pi network presently has over 33 million users.

Pi Network has recently been the subject of much debate. Please keep in mind that the mainnet is not yet available and may not be transferrable between exchanges. The market capitalization is now $ 0. It also currently has 0 USD in circulation.

Pi Price Prediction 2022

The Pi coin hasn’t given us a price history to study, nor has it shown us how it reacts to changes in the cryptocurrency market. We cannot base our price estimates on market capitalization or all-time highs.

Based on current trading prices, the predicted price for Pi Network in December 2022 is $430.224.

Pi Price Prediction 2023

What is Pi price prediction for January 2023?

Based on current trading prices, the predicted price for Pi Network in December 2022 is $430.224.

What is Pi price prediction for February 2023?

In February, the maximum is projected to be $16.429, while the minimum is forecast to be $5.3944.

What is Pi price prediction for March 2023?

Pi is predicted to trade between $9.7098 and $12.373 in March.

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What is Pi price prediction for September 2023?

Pi is predicted to trade in the $6.462-$7.078 range in September.

What is Pi price prediction for November 2023?

According to price forecasts, Pi might trade between $11.751 and $9.601 in November 2023.

What is Pi price prediction for December 2023?

In December, the maximum and minimum are expected to be $12.601 and $10.081, respectively.

Pi Price Prediction 2024

The price is anticipated to reach a top of $27.981 in 2024, with a minimum of $10.183.

Pi Price Prediction 2025

The price is anticipated to reach a high of $94.799 in 2025 and a low of $27.04 in 2025.

Because we currently lack data to base our estimations on, these figures should only be regarded as guesses. We cannot guarantee accuracy due to the volatile nature of cryptocurrencies. It is recommended that you conduct your own research.

Pi Price Prediction 2026-2030

The price is anticipated to reach a high of $386.779 in 2030, with a low of $110.323. The years after 2027 are expected to be bullish.

Because we currently lack data to base our estimations on, these figures should only be regarded as guesses. We cannot guarantee accuracy since bitcoins are so volatile. The concept is offered to DYOR.

Frequently Asked Questions(FAQs)

What is Pi’s market capitalization?

The current market capitalization of Pi Network DeFi is unknown.

What’s the current circulating supply of Pi?

The current circulating supply of Pi is Unknown.

What will Pi be worth in 2025?

The price is anticipated to reach a high of $94.799 in 2025 and a low of $27.04 in 2025.

What is Pi Price Prediction for 2030?

The price is anticipated to reach a high of $386.779 in 2030, with a low of $110.323.

Can Pi Network touch 500USD?

Based on the first drive, Pi may be able to reach $500USD, but it may not stay there for long.

How to sell my Pi Tokens?

If you’re wondering how to sell your PI tokens from within the app, you can’t. The Pi network token displayed on Huobi and other exchanges is not the official token, and they have just posted it without authorization. Huobi was mentioned in a tweet.

This implies that even if you have Pi tokens in your app, you won’t be able to deposit them in the exchange and therefore won’t be able to sell them at this time.

The only method to purchase or sell the token is through the exchange where it is listed. Take, for example, Huobi.

Why is Pi having a different value in different exchanges?

While Pi is trading at 182 USD on Huobi, it is trading at less than 10 USD on XT.com. You will be unable to withdraw or deposit from any exchange that trades this coin. As a result, the price varies among exchanges. The token, however, is likely to decrease from its present price, thus this is not a buy call.

Pi, in my opinion, should be worth more than 10$.

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