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Pi Coin
Pi Coin: Crypto to Circles

Overview
Come on, curious minds and cryptocurrency aficionados! We're going to explore the intriguing realm of Pi Coin today—not the dessert, but the popular virtual money. As we go into the nuances of Pi Coin and its value, have a seat.

Pi Network: What Is It?

In addition to enabling mobile users to mine Pi coins without depleting battery life or harming the environment, Pi Network is a social cryptocurrency and developer platform that: creates the most widely used and accessible apps platform in the world; and enables developers to offer users real-world utilities and products in exchange for Pi coins.

Pi Network aims to restore real power to the public with its 35+ million active users and innovative mining mechanism that lets everyone mine Pi directly from their cellphones. With its mobile meritocracy system, Pi's blockchain secures not just transactions but also the whole Web 3.0 experience, enabling community developers to create decentralized applications (dApps) that serve millions of users.

Pi Network was created by who?
Drs. Nicolas Kokkalis and Chengdiao Fan, two Stanford PhD candidates in computational engineering and social sciences, founded Pi Network.

Credit given to Pi News Twitter

Apart from creating and establishing multiple firms and human-centered technologies in the past, Dr. Kokkalis also teaches Stanford's Decentralized Applications on Blockchain computer science course.

In addition to working as a founding developer of multiple firms and projects centered around growing social communications and revealing latent social capital for individuals worldwide, Dr. Fan received her PhD in computational anthropology.

Both have long held firm views about the technological, economic, and social possibilities of cryptocurrencies, but they are dissatisfied with their present constraints. In order to address the drawbacks of traditional blockchains, they implement an upside-down, user-centric design philosophy in the creation of new blockchains.

What makes Pi Network unique?
A version of the Stellar Consensus Protocol (SCP), an implementation of the Federated Byzantine Agreement, handles transaction validation on Pi's blockchain.

Unlike traditional blockchain mining methods like Proof-of-Work or -Stake, Pi's protocol offers unique advantages including decentralized control, low latency, adjustable trust, and asymptotic security at a considerably lower environmental cost. To put it simply, fault tolerance is achieved by a decentralized network of nodes reaching a consensus via a mobile user trust network that confirms daily existence and authenticates other users in order to receive Pi. This method has a much lower environmental impact because it doesn't require energy-intensive mining technology.
Pi coins can be used as a medium of exchange without token concentration according to the network's strong ecosystem design, which is based on an understandable and transparent paradigm. The three main principles are meritocracy (rewards are given out based on network contributions), scarcity (the mining rate drops as more people join), and fair distribution (everyone mines at the same rate).

Developers may also be interested in the many features that Pi Network's developer platform has to offer. With the largest identity-authenticated user base in the world, Pi Network has pre-built infrastructures in place, including deep linking, alerts, crypto wallets, app compatibility, and many more features in the works. With a secure blockchain component, its App Engine runs an operating system akin to Apple's iOS. Pioneers can travel between many interoperable apps without checking in again or entering additional contact details by integrating Pi's SDK and user-authentication features into their apps, which are made possible by community developers.

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

The much awaited Pi Network cryptocurrency hasn't been available on the open market in more than four years after its original introduction. Nonetheless, it still creates a lot of excitement in the cryptocurrency world. It's amazing that there is this much conversation without a clear commercial benefit. This year saw the introduction of an online social platform and a hackathon, but the tradability of the PI coin is yet unknown. By the end of 2023, Pi had dropped indications regarding an open mainnet launch that might occur in 2024, subject to meeting certain requirements. The decentralized digital currency known as Pi coin powers the Pi Network, enabling peer-to-peer transactions and enabling users to mine cryptocurrencies right from their cellphones.

With over 47 million participants to date, this method offers a much more user-friendly alternative to traditional Bitcoin mining. As a result, many investors now see Pi coin as a potentially game-changing cryptocurrency in the market due to the spike in user involvement. The Pi Network, which was introduced in 2018 by Nicolas Kokkalis and Chengdiao Fan, aspired to democratize the mining process by making it accessible through smartphone mining. It quickly became a competitor to Bitcoin and other transaction-oriented cryptocurrencies.

This project is not like Bitcoin or any of the other Proof-of-Work blockchains that need expensive, specialized hardware for mining, like ASIC chips. There are three phases to the mining process in the Pi Network: pre-Mainnet, closed Mainnet, and open Mainnet. It is currently in the closed Mainnet phase. We will examine the short-term price objectives derived from our Pi network pricing projection as well as the future market possibilities for Pi networks in this post.

Pi Network: A Brief Overview
Mining cryptocurrency is one of the most common ways to make money in the market. This procedure comprises solving a sequence of progressively challenging mathematical puzzles in relation to cryptocurrencies like Bitcoin (BTC). But there's a big problem with this approach: the more complicated the problems are, the more processing power they require. This trend eventually renders mining unaffordable for the typical person and raises environmental issues.

A way to streamline the cryptocurrency mining process is the Pi Network. By only tapping a button on a mobile app, users can mine PI, the network's native token, as an alternative to the difficult effort of solving mathematical puzzles.

Scholars Nicolas Kokkalis and Chengdiao Fan of Stanford University founded the Pi Network in 2018; it was formally unveiled on March 14, 2019, which is Pi Day.

Users are divided into four groups within the Pi Network ecosystem: Pioneers, who mine the coin; Contributors, who give the network a list of reliable users; Ambassadors, who grow the network by bringing in new members using a referral code; and Nodes, who contribute processing power from their own computers.

The Pi Network experiences recurring "halving" events in order to preserve its uniqueness. After a specific threshold is reached, halving reduces the payout for mining future transactions by fifty percent.

Pi: The Next Bitcoin Rival
Unlike the proof-of-work (PoW) protocol employed by networks akin to Bitcoin, Pi nodes function using an algorithm that is sourced from the Stellar Consensus Protocol (SCP). These nodes are in charge of concurring on the order in which freshly recorded transactions should be recorded and validating transactions inside a distributed ledger.

Pi nodes may create security circles, or groups of three to five trusted people that each user is aware of, thanks to the SCP architecture. These circles provide a worldwide network of trust, preventing fraudulent transactions by limiting the validation of transactions on the ledger to those authorized by trusted nodes.

A cryptocurrency wallet connected to the user's Facebook account or mobile number is what the PI mining application does. Like other public blockchain technologies, the Pi blockchain is made to work with external wallets that may be used to store PI currency and send transactions to the blockchain straight away. Pi stands apart from other blockchains, though, because its creators haven't released the source code yet.

Updates
The development team started releasing product and technical improvements in November 2021. The release of a Block Explorer and the start of a trial Know Your Customer (KYC) application were two significant developments.

Before being made available to a limited number of users, the community moderators tested the KYC application's pilot phase. In addition to improving the application's automation capabilities and user experience, this phase started the pioneers' vetting process. Pioneers could now examine transaction histories and delve into specifics like sender, recipient, and transaction amounts thanks to the addition of the Pi Block Explorer.

The Pi wallet has also been updated with push notifications to let pioneers know when payments arrive on the blockchain. Additionally, it fixed an issue that prevented Android users from viewing their wallet passphrase.

The platform launched the Developer Ambassador Program in September 2023 in an effort to promote the creation of more decentralized apps (DApps) on its infrastructure.

After the release of Staked DMs, a feature that lets network members exchange messages by staking PI, an upgrade was released in late October to promote verified and approved third-party apps.

Pi announced PiFest, its most recent e-commerce event, in December. The Pi Network mainnet's official launch date was still unknown, but the platform's roadmap suggested that it would happen this year—that is, if Open Network preparations were finished, user KYC verification was completed to a certain degree, and macroeconomic conditions were favorable. It should be made clear that PI is not the same as the Pi Network DeFi token, which is accessible on the decentralized PancakeSwap (CAKE) exchange and is built on the Binance blockchain.

Pi Network Price Forecast: Past Prices
The Pi Network, which was founded in 2018 by Nicolas Kokkalis and Chengdiao Fan, became a rival to Bitcoin and other cryptocurrencies intended for payments. Unlike Bitcoin and similar networks, which rely on expensive, specialized equipment like ASIC chips for mining, the Pi Network allows users to mine on smartphones, providing a more inclusive approach.

Three separate phases comprise the development journey of the Pi Network: pre-Mainnet, closed Mainnet, and final open Mainnet. It is now in the closed Mainnet stage.

In order to demonstrate their active participation in the network, users might earn PI in the pre-Mainnet phase of the journey in 2019 by simply pushing a button on the mobile app once a day.

CoinMarketCap states that prices for the Pi coin have been recorded since December 2022, but it warns that the coin is still not tradeable and that exchanges listing it are only providing "IOUs" rather than actual coin ownership.

On January 1, 2023, PI reached a peak price of $244, despite not being tradable. Since then, Pi's price has been falling steadily and experienced a large sell-off, with lows of $19.7 reached on July 14, 2023. The price failed to maintain its bullish momentum and spent the following several months trading in a bearish zone around $30, despite modest comeback toward $50 in August.

The Pi currency has seen a spike in buying activity in recent weeks as the market has recovered from its support lines, pushing its price beyond $50.

Technical Analysis for Predicting Pi Network Prices

In order for the bears to take back control, they will need to sell hard and drive the price below the 20-day exponential moving average ($47). This could lead to a larger correction towards $37 and the issuance of stop-loss orders by many short-term investors.

placed on the 4-hour chart in the bullish zone highlight the bulls' superiority. The bulls' tactic of buying on little dips is shown in the steadily rising support level above the 20-EMA. A closing above $70 might indicate the start of yet another rising trend.

Blockchain Reporter's Prediction of the Price of Pi Network

Pi Network 2024 Price Forecast

Based on the projection and technical evaluation, Pi Network's price is anticipated to hit a minimum of $31 by 2024. The Pi pricing has an average value of $45, and it may reach a maximum value of $67.

Pi Network 2025 Price Forecast

It is anticipated that Pi Network will cost at least $49 by 2025. The Pi price has a maximum potential of $89 and an average price of $63 for the entire year 2025.

Pi Network 2026 Price Forecast

Based on technical analysis and estimated pricing, it is anticipated that Pi Network's price would fall to at least $67 in 2026. With an average trading price of $81, the Pi price can reach a maximum level of $111.

Pi Network 2027 Price Forecast

In 2027, Pi Network is expected to achieve a minimum price of $85 on the market. The price of the Pi is predicted to average about $99 in 2027, with a maximum value of $133.

Pi Network 2028 Price Forecast

Pi Network is expected to reach a minimum price of $103 in 2028. With a projected average price of $117 for the entire year, it may reach a maximum price level of $155.

Pi Network 2029 Price Forecast

Looking ahead to 2029, a minimum price of $121 is anticipated for the Pi Network. Pi might cost up to $177 at its highest point, with an average yearly cost of $135.

Pi Network Forecast: Price by 2030

It is anticipated that the Pi Network would reach a minimum price of $139 by 2030. It is projected that Pi will trade for a maximum of $199, with an average price of roughly $153 all year long.

Pi Network 2031 Price Forecast

It is anticipated that Pi Network will cost at least $157 in 2031. The highest price on an increasing trend can reach $221, while the estimated annual average price is $171.

Pi Network 2032 Price Forecast

The Pi Network is expected to cost at least $175 by 2032. With an average trading price of $189 during the course of the year, the maximum price is anticipated to reach approximately $243.

Pi Network 2033 Price Forecast

It is anticipated that Pi Network would continue to rise and reach a minimum price of $193 in 2033. Pi is expected to reach a maximum price of $265 and average $207 during the course of the year.

Expert Predictions on the Price of Pi Network

The most recent Pi Network price prediction available on Coincodex indicates that by March 14, 2024, the price of Pi Network should have increased by 27.25% to $62.16. Technical indicators on Coincodex show a bullish present mood; the Fear & Greed Index, with a score of 84, points to Extreme Greed. Pi Network has experienced 53% green days over the last 30 days, with a 5.00% price volatility. Coincodex indicates that this is a good time to invest in Pi Network based on these projections.Future projections for Pi Network's lowest estimated price are $48.85 in 2025, based on historical data and Coincodex's analysis of BTC halving cycles. In addition, they forecast that the price of the Pi Network may surge to $213.09 in the upcoming year.

The Pi Network price was estimated by DigitalCoinPrice to be $33.31, yet it is still unknown how this amount was determined. It's unclear how DigitalCoinPrice arrived at this figure and whether PI and the Pi Network DeFi Token were confused. Still, their prediction for PI was strikingly optimistic.

They predicted that it will rise to $69.20 throughout the course of the year, $84.57 the year after, and $110.54 the year after that. DigitalCoinPrice projects that PI's value will reach $148.66 by 2027 and then reach $170.68 by the end of the decade. The website also forecasted a huge increase to $643.78 by 2033 and expanded its projection to 2030, estimating that the price of Pi Coin would be $239.42.

Is Pi Coin A Wise Investing Choice? When Should I Purchase?

Pi coin is a cutting-edge, extremely experimental project that is becoming well-known as a way to get free bitcoin. It's crucial to remember, though, that investors may only obtain IOUs on specific exchanges and cannot directly buy Pi. Because there is a good chance that the price of these IOUs may decline when the open Mainnet starts, the Pi development team has advised against purchasing them.

Considering these factors, investing in Pi currency at this time is not advised. However, when its market price stabilizes in the future, Pi currency might offer long-term opportunities. On the other hand, this cryptocurrency can be purchased for an average of $35 in order to generate a profit over time.

Can you sell pi coinBreakout ?

You can't directly sell Pi coins , but I can explain the current situation and some options:

Selling Pi Coins :

Not on Major Exchanges: Pi Network isn't on established exchanges like Binance yet, so you can't sell Pi coins there like Bitcoin or Ethereum.

Alternative Ways to Potentially Sell Pi Coins:

Peer-to-Peer (P2P) Markets: Platforms like LocalPi or Pi Market allow you to find buyers directly. You set the price and amount, but be cautious of scams, especially online.

Social Media: Look for Pi Network groups or forums. You can post about selling your Pi coins, specifying quantity and price.

PI-Accepting Merchants: Some merchants might accept Pi for goods or services. This could be a way to spend your Pi directly.

Important Considerations:

P2P Risk: Be very careful with P2P transactions. There's a higher risk of scams compared to established exchanges. Only deal with reputable buyers and use secure payment methods.

Uncertain Value: Pi coins don't have a fixed value yet since they're not on major exchanges. Prices in P2P markets may be volatile.

IOUs on Some Exchanges: Exchanges like Huobi or Bitmart offer Pi coin IOUs (tokens representing a promise of future Pi coins). These aren't actual Pi coins and their value is speculative.

Overall, selling Pi coins right now comes with risks and uncertainties. It's best to carefully research any method you consider and be aware of the potential downsides.

Disclaimer: This article does not constitute financial advice. Always consult a professional before making any investment decisions.

History of the Pi coin

Let us examine the fascinating past of Pi Network, a cryptocurrency that has garnered the interest of millions of people. 🥧🚀

Vince McPhilip, Chengdiao Fan, and Nicolas Kokkalis were the three Stanford students that formed Pi Network.

Release of Mobile App: The Pi Network mobile app was made available on March 14, 2019.

Revenue: In less than a year, the project generated over 3.5 million in revenue through advertisements.

2. Pi Network: Beyond Cryptocurrency Pursuit a. Constructing a Comprehensive Ecosystem

Web3 Vision: Pi Network, powered by Pi, the most frequently used cryptocurrency worldwide, seeks to build the most inclusive peer-to-peer ecosystem on the planet.

Meritocratic awards: Pi provides its community of Pioneers with transparent, decentralized, meritocratic awards for their varied efforts and good digital citizenship using an inventive mobile mining method.

3. The Revolution of Mobile-Minded

Utilization of SCP: To provide a user-friendly, mobile-first mining experience, Pi Network makes use of the Stellar Consensus Protocol, or SCP.

Practical Applications and Tools: The Core Team is committed to creating a cutting-edge Web3 ecosystem that includes practical applications and utilities so that regular people may use cryptocurrencies.

Conclusion