Pi Network Price Prediction 2024 : Indications Hint at Potential 500% Jump in 2024

Key Takeaways :

Pi Network is a new digital currency and blockchain platform that is designed to be more accessible and inclusive than existing cryptocurrencies.
Pi Network uses a mobile-first platform, which means that anyone can mine Pi coins on their smartphone without draining their battery or harming the environment.
Pi Network is still under development, but it has already amassed a large community of users, with over 35 million Pioneers mining Pi coins as of October 2023.
Pi Network is focused on community and collaboration, and Pioneers are encouraged to work together to build the Pi ecosystem and to promote the adoption of Pi coins.
Pi Network has the potential to revolutionize the way that people use and interact with cryptocurrency by making it more accessible, inclusive, sustainable, and useful.

It is important to note that Pi Network is still in its early stages of development, and there are some potential risks associated with it. However, it is a promising new project with the potential to make a significant impact on the cryptocurrency industry.

2023 Downtrend: PI’s price has been on a persistent downtrend throughout 2023, but technical indicators suggest PI’s price could reach $139.05 by the end of 2023, provided there’s a bullish market.
2024 Forecast: In 2024, PI’s price may average around $166.17, with a bullish scenario pushing it to $184.31 and a bearish one settling near $141.45.
2025 Outlook: A potential all-time high (ATH) in 2025 with an average price of $207.22, with a indication of of $223.16 in a bullish market, and a minimum of $185.26 in a bearish one.
2030-2050 Potential: Looking ahead to 2030, PI could reach an average of $447.56, with potential ATHs in a bullish market. Indication extends to 2050, estimating a price range from $1,623.14 to $2,134.

Unfold’23 – Web3 Events in India :

Unfold’23 is a premier Web3 event in India that is designed to connect the Web3 pioneers and provide a knowledge hub for all your queries. It is the catalyst for collaboration, the spark of innovation, and the epicenter of knowledge sharing.

Unfold’23 will feature a variety of speakers and panelists from the Indian and global Web3 community, including:

Sandeep Nailwal, co-founder of Polygon
Balaji Srinivasan, investor and entrepreneur
Sh Jayant Sinha, Chairperson Standing Committee on Finance, Parliament of India
Sh Priyank Mallikarjun Kharge, Minister for IT/BT and Rural Development & Panchayat Raj – Karnataka
Jesse Powell, CEO of Kraken
Emin Gün Sirer, co-founder of Ava Labs
Raj Gokal, COO of Solana Labs

The event will cover a wide range of topics related to Web3, including:

The future of Web3 in India
The role of emerging tech in shaping India’s future
The future of CEXes
Web3 payment rails – redefining how money moves
Unlocking Opportunities: Next wave of web3 Developer tools
Future of web3: Regulatory uncertainty and the path ahead
Harnessing the potential of Web3: The India story
Masterclass – Future of Gaming and NFT in Web3
Building and Enabling real world interaction with Web3

Unfold’23 is a must-attend event for anyone who is interested in Web3 and its potential to revolutionize the way we live and work. It is an opportunity to learn from the best and brightest in the industry, to network with other Web3 enthusiasts, and to be a part of the future of the decentralized web.

The event will be held on December 9-10, 2023 at the Bangalore International Exhibition Centre (BIEC). Tickets are on sale now, and early bird discounts are available.

For more information, please visit the Unfold’23 website: https://www.mews.com/en/unfold/2023/amsterdam

Pi Network Overview :

Pi Network is a new digital currency and blockchain platform that is designed to be more accessible and inclusive than existing cryptocurrencies. It is built on a mobile-first platform, which means that anyone can mine Pi coins on their smartphone without draining their battery or harming the environment.

Here is an overview of Pi Network:

Mining: Pi coins are mined by users on their smartphones using the Pi Network app. The mining process is designed to be easy and accessible to everyone, even those with no prior experience with cryptocurrency.
Security: Pi Network uses a consensus algorithm called the Stellar Consensus Protocol (SCP) to verify transactions and secure the network. SCP is designed to be more energy-efficient and secure than the proof-of-work (PoW) consensus algorithm used by many other cryptocurrencies.
Community: Pi Network has a strong focus on community and collaboration. Pioneers are encouraged to work together to build the Pi ecosystem and to promote the adoption of Pi coins. Pi Network also has a number of features that are designed to help Pioneers connect with each other, such as a built-in chat feature and a marketplace where Pioneers can buy and sell goods and services using Pi coins.
Utility: Pi Network is developing a decentralized ecosystem of apps and services that will be powered by Pi coins. This means that Pi coins will have real-world utility, beyond just being a speculative investment.

Potential benefits of Pi Network:

Accessibility: Pi Network is designed to be more accessible than existing cryptocurrencies. Anyone can mine Pi coins on their smartphone, without any prior experience.
Inclusivity: Pi Network is focused on building a diverse and inclusive community. Pioneers from all over the world are working together to build the Pi ecosystem.
Sustainability: Pi Network is designed to be more sustainable than existing cryptocurrencies. Pi mining consumes minimal battery power and does not harm the environment.
Utility: Pi Network is developing a decentralized ecosystem of apps and services that will be powered by Pi coins. This means that Pi coins will have real-world utility, beyond just being a speculative investment.

Potential risks of Pi Network:

Early stage development: Pi Network is still in its early stages of development. There is no guarantee that it will be successful or that Pi coins will have any value in the future.
Security concerns: Some people have raised concerns about the security of the Pi Network app and the fairness of the mining process.
Regulatory uncertainty: The regulatory landscape for cryptocurrencies is still evolving. It is possible that Pi Network could be subject to regulation in the future, which could impact its development and adoption.

Pi Network Price	$30.5
24-Hour Price Change	-8.8%
7D Price Change	-12%
Market Cap	NA
Circulating Supply	NA
Trading Volume	$340,000
ATH	$330.65
Fear-Greed Index	40 (Fear)
Sentiment	Bearish
Volatility	33%
Green Days	10/30 (33%)

Pi Network Technical Analysis :

Pi Network is still in its early stages of development, so there is limited technical analysis data available. However, based on the data that is available, it appears that Pi Network is currently in a bearish trend.

The Pi Network price has been falling steadily over the past few months, and it is currently trading below its 50-day and 200-day moving averages. This suggests that the selling pressure is outweighing the buying pressure at the moment.

The Pi Network Relative Strength Index (RSI) is also in bearish territory, which means that the market is oversold. This could lead to a short-term rebound, but the overall trend is likely to remain bearish until the RSI moves back above 50.

Overall, the technical analysis suggests that Pi Network is currently in a bearish trend. However, it is important to note that Pi Network is still in its early stages of development, and the market is highly volatile. It is possible that Pi Network could experience a sharp rebound at any time.

Here are some additional technical indicators that suggest a bearish trend for Pi Network:

The Pi Network Moving Average Convergence Divergence (MACD) crossover is bearish.
The Pi Network Stochastic oscillator is in the oversold zone, but the MACD crossover suggests that the selling pressure is likely to continue.
The Pi Network Williams %R oscillator is also in the oversold zone, which suggests that the market is overextended and could be due for a rebound. However, the MACD crossover suggests that the rebound is likely to be short-lived.

It is important to note that technical analysis is not a perfect science, and it is impossible to predict the future with certainty. However, technical analysis can be a useful tool for identifying trends and potential trading opportunities.

Investors should always do their own research and consult with a financial advisor before making any investment decisions.

PI/USD | Source: CoinMarketCap

All through 2023, PI price has exhibited a persistent downtrend. Despite a brief surge in August, the overall performance has remained rather lackluster.
Following an all-time high exceeding $300, the PI price witnessed a substantial decline, dropping below $50 in September, and is now trading at $30.5 as of writing this article.
It’s worth emphasizing that this particular token has no presence on conventional centralized or decentralized exchanges. Consequently, conducting technical analysis (TA) for this token lacks a meaningful basis.

Pi Network Price Prediction 2023

In light of the prevailing 2023 downtrend in the broader Crypto market, the Pi Network price, particularly in India, is anticipated to undergo a more gradual progression throughout the year. Signs of recovery in the Pi Network price may emerge should the overall market sentiment turn favorable.

Analyzing various technical indicators, it’s conceivable that the Pi Network’s price might attain a peak value of $139.05 by the culmination of 2023. Nonetheless, this Pi network price prediction is subject to a resurgence of bullish activity within the market. Conversely, if the market trend leans bearish, the Pi Network’s price could potentially recede to as low as $20. It’s worth underscoring that during the next bull rally, the Pi Network’s price holds the potential to surpass the forecast outlined in the long-term Pi coin price forecast.

Note: Before we proceed with this article, one important thing to note is that this project is facing criminal investigation. A CoinMarketCap report says,

“According to VnExpress, Vietnam’s Ministry of Cyber Security and High-Tech Crime Prevention launched an investigation into Pi Network. Please note that mainnet has not launched yet and the price displayed below for certain exchanges reflects the value of the IOUs and it may not be transferable across exchanges. Read more here and DYOR.”

Pi Network Price Prediction for 2024

The Pi Network appears to be positioned for a potential resurgence, contingent upon favorable market conditions. As per the Pi Network price forecast, Pi Network’s price might ascend to an average of $166.17 by 2024, with a higher-end scenario seeing a year-end price of around $184.31. Conversely, should the market sentiment take a bearish turn, the valuation of the Pi coin could dip to a minimum of approximately $141.45.

Pi Network Price Prediction for 2025

Looking at the PI coin reveals the potential for it to attain a new all-time high (ATH) within the current year. Looking forward to 2025, the experts are anticipating the PI price in India and globally to average around $207.22, accounting for the prevailing market trends.

In the event that the current growth trajectory remains uninterrupted, the highest Pi Network price prediction for 2025 possibly stands at $223.16. However, in a bearish market scenario, the Pi price could hover around $185.26 by 2025. It’s crucial to emphasize that a bullish market could empower the Pi Network to surpass the projected price for 2025.

Pi Network Price Forecast for 2030-2050

Peering into the years 2030, 2040, and 2050, there are compelling indicators indicating a possible promising future for the Pi Network’s price, both in India and on a global scale.

As the crypto market continues its evolution, 2030 could mark the dawn of a new era for digital assets, not only in India but on a global scale. Project-based cryptos, like the Pi coin, are expected to take the lead. By the close of 2030, the Pi Network price in India and worldwide may attain an average value of $447.56, with a projected minimum value of around $426.88.

This year may witness numerous crypto, including the Pi Network, soaring to new all-time highs, with the possibility of reaching a maximum price of approximately $468.73. If a bullish rally materializes in 2030, the Pi Network prices might surpass the initial forecast.

For long-term investors in India and around the world, the Pi Network holds significant promise. Extending that in 2040, Pi Network prices may achieve a new all-time high. The maximum Pi Network price forecast for 2040 may be $901. In the event of bullish market sentiment, the Pi Network’s value might outstrip the 2040 forecast, while a bearish market might see prices stabilize around $825.18.

Extending the price prediction to 2050, the year may conclude with an average Pi Network price in India and globally at $1,704.15. The minimum projected value for the Pi Network in 2050 hovers around $1,623.14. After an extensive journey, during which many cryptos, including the Pi Network, may reach new all-time highs, the maximum Pi Network price in 2050 is expected to hover around $2,134. Increased investor interest in the Pi Network throughout these years could potentially propel prices even higher in 2050.

Should You Invest in Pi Network?

Presently, the only way to invest in the Pi Network token is to download the project app and mine the token on your smartphone device. There is no other way or on-ramp to invest in this project as the project is running on an “Enclosed Mainnet” with no external connectivity permitted. Thus, it is important to do thorough research before diving into investing in a token like this, as there might be no way to exit in case of any issues.

Whether or not you should invest in Pi Network depends on your individual circumstances and risk tolerance. Pi Network is a new and unproven cryptocurrency, so there is a high degree of risk involved in investing in it. However, Pi Network also has the potential to be very rewarding if it is successful.

Here are some factors to consider when deciding whether or not to invest in Pi Network:

Risks: Pi Network is still in its early stages of development, and there is no guarantee that it will be successful. There is also a risk that Pi Network could be subject to regulation in the future, which could impact its development and adoption.
Potential rewards: Pi Network has the potential to revolutionize the way that people use and interact with cryptocurrency. If Pi Network is successful, Pi coins could become very valuable.
Your risk tolerance: How much risk are you comfortable with? If you are not comfortable with a high degree of risk, then you should not invest in Pi Network.
Your investment goals: What are your investment goals? If you are looking for a short-term investment, then Pi Network is not a good option. However, if you are looking for a long-term investment with the potential for high returns, then Pi Network could be a good option.

If you do decide to invest in Pi Network, it is important to do your own research and only invest what you can afford to lose. You should also monitor the Pi Network development progress and market conditions closely.

Here are some additional tips for investing in Pi Network:

Start small. Don’t invest more than you can afford to lose.
Diversify your portfolio. Don’t put all your eggs in one basket. Invest in a variety of cryptocurrencies and other assets.
Hold for the long term. Pi Network is a long-term investment. Don’t expect to get rich quick.
Monitor the market closely. The cryptocurrency market is highly volatile. Keep an eye on Pi Network’s development progress and market conditions.

Overall, Pi Network is a new and unproven cryptocurrency with a high degree of risk involved. However, it also has the potential to be very rewarding if it is successful. Investors should carefully consider their individual circumstances and risk tolerance before deciding whether or not to invest in Pi Network.

FAQs :

What is Pi Network?

How does Pi Network work?

Pi Network uses a consensus algorithm called the Stellar Consensus Protocol (SCP) to verify transactions and secure the network. SCP is designed to be more energy-efficient and secure than the proof-of-work (PoW) consensus algorithm used by many other cryptocurrencies.

How do I mine Pi coins?

To mine Pi coins, simply download the Pi Network app on your smartphone and create an account. Once you have created an account, you can start mining Pi coins by tapping a button once a day. You can also increase your mining rate by inviting friends and family to join Pi Network.

When can I use Pi coins?

Pi coins are still in development, and they are not yet available for use on exchanges or merchants. However, the Pi Network team is working to develop a decentralized ecosystem of apps and services that will be powered by Pi coins.

Is Pi Network a scam?

Pi Network is not a scam. It is a legitimate cryptocurrency project with a team of experienced developers. However, it is important to note that Pi Network is still in its early stages of development, and there is no guarantee that it will be successful.

Here are some additional FAQs:

Can I mine Pi coins on multiple devices?

No, you can only mine Pi coins on one device at a time.

When will Pi Network launch on mainnet?

There is no official launch date for Pi Network mainnet. However, the Pi Network team has stated that they are working to launch mainnet as soon as possible.

How can I stay up-to-date on Pi Network news and developments?

You can stay up-to-date on Pi Network news and developments by following the Pi Network blog and social media channels. You can also join the Pi Network community forum to ask questions and discuss Pi Network with other Pioneers.

Is Pi Network a good investment?

Whether or not Pi Network is a good investment depends on your individual circumstances and risk tolerance. Pi Network is still in its early stages of development, and there is no guarantee that it will be successful. However, Pi Network also has the potential to be very rewarding if it is successful.

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Pi Network Price Prediction 2024 : Indications Hint at Potential 500% Jump in 2024