It has engaged millions of people, but is still to launch its own coin. That's why making a Pi Network price prediction is so challenging!

Pi Network was created in 2019 by a group of Stanford University graduates. Unlike other [cryptocurrencies](/news/article/what-is-future-of-cryptocurrency), Pi does not require any specialized hardware to mine. Instead, users can mine Pi using their mobile devices, which makes it accessible to a much larger audience.

The Pi Network is built on a unique consensus algorithm called the "Proof of Work/Proof of Stake" hybrid model. This algorithm allows users to mine Pi by verifying their identity and contributing to the network's security by verifying transactions.

Pi Network's consensus algorithm is designed to be lightweight, energy-efficient, and more accessible than the mining algorithms used by other cryptocurrencies.
Pi has a limited supply of 10 trillion coins, which will be gradually released into circulation as users mine and verify transactions on the network. Currently, the Pi Network is in its beta testing phase. Users can earn PI coins by simply downloading the Pi Network app (read to the end to know how to download the Pi app) and creating an account.

## Social mining?

One of the unique features of the Pi Network is its social mining approach. Instead of competing against each other for rewards, users are encouraged to build their networks of trusted contacts and earn additional PI coins by inviting new users to join the network. This social mining approach creates a more inclusive and collaborative community where users can work together to build the network and earn rewards.

Another important aspect of the Pi Network is its focus on user privacy and security. The Pi Network uses a combination of advanced cryptography and [blockchain technology](/news/article/blockchain-for-dummies) to protect user data and prevent fraud. 

Transactions on the network are verified using a decentralized consensus mechanism, which ensures that all transactions are valid and there is no possibility of user-ended issues.

Furthermore, even without an active coin, the Pi Network has launched a wallet and a browser for users to experiment with. This way, early adopters can get familiar with how the Pi system operates and get straight to extracting their coins when the coin drops.

Unlike other cryptocurrencies that require massive amounts of energy to mine, the Pi Network's consensus algorithm is designed to be energy-efficient and sustainable. This makes PI a more eco-friendly alternative to other cryptocurrencies like [Bitcoin](https://bitcoin.org/en/), which have come under scrutiny for their massive energy consumption.

## 25 million users without an active coin?!

A huge pointer to Pi being an exciting project is the fact that the company has managed to accumulate more than 25 million users on its platform – even before launching the PI coin or the mainnet!

This is also one reason why getting a Pi Network price prediction in place is almost impossible. When there's no coin in circulation yet, you have to make a calculated prediction about its future value, which is the case for the Pi Network coin.

The platform's marketing has been on-point, and there's real value in the Pi Network, leading to a huge user base. Moreover, the team behind Pi have done a great job of being active and not letting the user base sit idly while the network is being developed.

## Pioneers, Contributors, Ambassadors, and Nodes

Pi has allocated four roles for its users, providing ownership to them and allowing multi-level marketing to take place.

Pioneers are general users registered on the Pi Network app. These users must verify their identity daily to ensure they're not tagged as bots by the app.

Contributors are basically pioneers who have taken part in three mining sessions. This role is just a virtual medal for active users taking part in the network's activities.

Ambassadors, well, do what their name suggests. They act as ambassadors of the Pi Network, bringing in other users to the platform for further rewards.

Nodes, lastly, are users who participate in the node software on their computers, interacting with other nodes to generate as many coins as possible. They can "generate" coins and collect them, but there won't be any earnings yet. The users will be able to gain all the tokens they've generated ONCE the coin gets released.

A system like this allows users to feel connected with the platform, which is one of the main reasons for the network's popularity.

## Hackathon

The Pi Network also held a hackathon for developers to test their DApps on the platform. This was done with the help of the Enclosed Mainnet of the Pi Network, allowing developers to deploy various DApps.

Of course, these DApps will be publicly operational once the mainnet is released – which is unknown and unannounced for now. The activities will be powered by the PI coin, allowing transactions for all kinds of applications.

## Pi Network price prediction

As we mentioned above, considering the PI coin hasn't been released, and the mainnet's release is yet to be announced, too, giving a Pi Network price prediction is tough.

Nonetheless, there are still a few opinions by experts and analysts in the industry.

A lot of sources advise users to stay away from the Pi coin, as there is much ambiguity regarding its future – a valid point. When you don't know when the coin and the main network will launch, it's smarter to wait until more information is available.

On the other hand, a few websites have estimated a Pi Network price prediction. [DigitalCoinPrice](https://digitalcoinprice.com/coins/picoin), for example, thinks that the PI coin will launch around the $0.007 mark.

## Pi Network price prediction 2023, 2024, 2025

Generally, this prediction for the Pi Network will be a shot in the dark, with little to no information at our disposal. However, we can still take some factors into play and get some understanding of the PI coin's future price.

For example, we know that the Pi Network project is unique, and it looks very promising even at its current stage. With millions of users already participating in its activities, the network seems strong, which is always a great look for the company's future valuation.

We suspect that the Pi coin could reach $0.009 or even $0.01 by the end of 2023 if there’s enough social hype around the app. By the end of 2024, the price could push even further if the developers manage to maintain the utility of the Pi network, keeping the users engaged within the app.

Lastly, we could see the Pi coin cross the $1 mark in the future, perhaps by 2025, if the crypto market returns to stability by then.

Overall, the Pi Network and PI coin represent an exciting new development in cryptocurrency. With its innovative consensus algorithm and social mining approach, Pi has the potential to become a significant player in the world of digital currencies. If you want to discover more about Pi, you can download the Pi Network app [here](https://minepi.com/#download)!


pi network logo on image of person trading

Pi Network Price Prediction and Features 

Pi Network has freed up to 25% of total Pi mining rewards, the latest activity on the blockchain protocol showed.

According to the newest [mainnet metrics](https://twitter.com/Edycabas/status/1623718952181563392?ref_src=twsrc%5Etfw), locked mining rewards currently stand at approximately 1.2 billion (1,218,602,971.0768094) from a total migrated mining rewards of about 1.6 billion (1,621,790,457.8859322).

As a result, the difference of 400 million Pi tokens (or 25% of total migrated mining rewards) are now available for Pi miners (collectively known as Pioneers) who use their mobile phones to contribute to the validation and verification of transactions involving the cryptocurrency. 

Many analysts have attributed the unlocking of tokens to the increasing number of transactions and rewards for Pi miners.  

The milestone by Pi Network comes a month after the project’s core team announced a [Hackathon](https://twitter.com/PiCoreTeam/status/1613899542633582598) to grow its ecosystem. In the crypto and blockchain industry, a Hackathon is an event that enables developers to build decentralized applications (DApps) and other products for a particular project.

The [midpoint check](https://twitter.com/PiNewsMedia/status/1623202439959834625?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1623202439959834625%7Ctwgr%5E8c538e446c96f345906549334804d6be26885f93%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bsc.news%2Fpost%2Fpi-network-announce-midpoint-check-in-for-hackathon) for the Hackathon is slated for 12 February, with teams using Pi's Open Source license software in their final project standing a chance to receive 20 PI in rewards.

Mobile crypto mining is on the rise thanks to the use of smartphones and devices powered by Android and iOS systems. However, its future remains largely unknown due to a lack of a clear [global regulatory framework](/news/article/is-crypto-regulated-across-the-globe). 

## What is Pi Network?

Founded by Chengdiao Fan and Nicolas Kokkalis as a developer platform and social cryptocurrency, the network allows all smartphone users to mine the tokens without causing harm or destroying the lifespan of their mobile devices. 

PI appeared on cryptocurrency exchanges in December 2022 and reached an all-time high (ATH) price of [$330.65](https://coinmarketcap.com/currencies/pinetwork/historical-data/) on 30 December. With a substantial plunge in trading volume despite the soaring of Bitcoin [(BTC)](/coins/btc), altcoins, Metaverse stocks, AI, and big data tokens, PI has shed more than 80% of its ATH and was exchanging hands for $55.53 in the early hours of 10 February.

Pi is currently supported by several exchanges, such as BitMart, XT.COM, Huobi, Hotcoin Global, SuperEx, and CoinW.


Pi Network Unlocks More Mining Rewards 

On March 15, Pi Network reported that the number of its users rose to 33 million - almost three times more than it was in March 2021. However, it's impossible to determine Pi cryptocurrency value since it's still not trading on any exchange.

But is Pi the real crypto, and will there be any Pi cryptocurrency value?

Launched by business manager Vince McPhillip, anthropologist Chengdiao Fan, and Stanford grads Nicolas Kokkalis and Aurélien Schiltz, Pi Network was created to bring decentralized finance to anyone who owns a smartphone.

Instead of mining through a complicated algorithm, the security of Pi’s ledger is based on a setup where one user vouches for the reliability of another.
However, the Pi Network doesn't act the same as other cryptocurrencies because it needs its users to secure the currency to mine coins. Furthermore, the network has to keep its constant growth so that users can refer it to others.
Still, it's not clear what exactly the Pi cryptocurrency value is. Is it legit, or is there a possibility that the whole thing is a scam?


## Is it Legit?

From the monetary point of view, the Pi Network is 100% legit since it doesn't require any investment for the user to be involved. However, it does require users' identity, meaning users' data. Some argue that it can be considered legit digital currency because if we look at Bitcoin in its early beginnings, its worth was $0, and it was considered a scam. On the other hand, some obvious Ponzi schemes were considered 'financial literacy'.
The official website of the Pi Network says its aim is to make sure everyone is included in the crypto activity, stressing, however, that crypto mining is a complicated and lengthy process that has risks.

Pi Network, therefore, promises everyone will be able to mine Pi on their smartphone without the need for extra charging of the battery.
Be it as it may, we are now witnessing numerous speculations on the future Pi network currency value. Since Pi still isn't trading live on any exchange, there is no exact data, and, therefore, it's hard to project the correct value.

Pi Network is constructed so it has various roles within its community. There are so-called 'Pioneers' – everyday users whose only obligation is to sign in to the application daily. Then we have 'Nodes', which refers to application users who run node software on their computer. Finally, we have 'Ambassadors', who bring other possible 'miners' to the Pi Network. The latter are the reason why some of the Pi opponents are comparing the Pi network with other multi-level marketing schemes.

When it all began, the project’s base mining rate stood at 1.6 π/hour – halving to 0.8 π after the community reached the number of 100,000. Then, there was a halving to 0.4 π/hour after onboarding one million users. The latest cut to 0.2 π/hour happened as the number of miners topped 10 million.

Back in May 2021, the Pi Network stated on Twitter that it had reached over 18 onboarded  ‘Pioneers' and cheered to "mine at a higher rate while they can". Pi also held a so-called #BuildPi2gether Hackathon from June to September, where it gave an award of 100,000 Pi and $100,000 to the most promising business application projects.
On May 19, Pi tweeted that it had reached 35 million engaged 'Pioneers' and its Twitter page has 1.2 million followers at the time of writing.


## Is it Safe?

The Pi Network gained popularity all around the globe, especially in Southeast Asia. At the same time, some analysts argued the network lacked transparency and were projecting doubts regarding its legitimacy since access to their private keys is not something that users have.

Dang Minh Tuan, a blockchain expert at the Posts and Telecommunications Institute of Technology, Hanoi, claims Pi Network is not transparent enough since it alone has "a smartphone app and servers to keep them running," adding, "so why don't developers release its source code for the community to review?"
Another reason that made people suspicious was the fact that the application has adverts. This could mean that Pi is selling users' data to advertising companies and, therefore, is monetizing users who downloaded the app. Apart from personal data that includes full name, phone number, and Facebook username, Tuan claims Pi Network could have stolen all other data a user has on their phone, including credit card numbers.


## What Will Pi Network Be Worth in the Future?

On December 29, 2021, Pi Network launched its mainnet. This is the official third phase of its deployment arrangement. Immediately after it was deployed, the network warned that anyone "impersonating Pi Network or its founders to conduct a sale or listing is illegal, unauthorized and fake".

Because the actual value of Pi Network is hard to predict, some argue that the project itself might be a scam. There are some forecasts of a single Pi becoming worth somewhere between $10 and $100. Still, there is zero evidence to back it up. Therefore, since we are at the year's half – we'll be cautious and say Pi will still hover around $0 in 2022.

In order for someone to legitimately trade the coin, they need to go with the Initial Coin Offering (ICO) or crowdfunding sale to secure assets. However, Pi Network stated it would not run any of those, but rather lean on its users' referral network. This means there is still no legit possibility to trade Pi coins or make a valid Pi Network price prediction for the years to come. 


##How Much Will Pi Be Worth in the Next Few Years?

Before we say anything, let's just reiterate that any Pi coin price prediction has to be taken with caution since there is no reliable info to support it.

According to CoinMarketCap, Pi Network has its own red flag saying: “Pi Network has faced its fair share of controversy recently. Please do your own research before investing”.
Some websites had predicted $0.0211516743 for 2025 and $0.0319333504 for 2028. However, all the data was erased at the time of writing.


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