Are you looking to invest in a Pi coin? If yes, then read this write-up before coming to any conclusion. Recently, The Pi Network has gained immense popularity and support from the miners. The coin was launched in March 2019. It is very popular because it allows miners to mine it using their mobile phones. However, you must read this article to get an idea of the overall risk associated with this coin.
About Pi Coin
| Project name | PI Network |
| Stock Symbol | PI |
| Asset Type | Token |
| Network type | Blockchain |
| Launch date | 14 March 2019 |
| Official Website | https://minepi.com/ |
What is Pi Network?
Launched by Stanford graduates, Pi Network brings cryptocurrency to the people. These coins are favored by those who want to invest in Bitcoin or Ethereum but they cannot do it because investing in these coins is not possible through mobile phones. It is mostly decentralized because it is mainly developed as a marketplace through peer-to-peer or P2P.
The state has grown into the Enclosed Mainnet stage. The final phases for Open Mainnet are within the period of March to June in the year 2025. After that, listing in each of its respective exchanges will bring forth its true market value for Pi Coin.
Pi Coin Today
Currently, there is no official value for the Pi coin on crypto exchanges. The price of $55.76 is an IOU-based price. It is speculative and does not transfer between exchanges. Still, there has been huge interest in Pi Network in the community.
Pi Coin Investment
It is not listed, but experts are divided on thoughts of investing in Pi Coin. If the mainnet goes live by 2025, it might boom, as hype and demand would be sky-high. However, again, one among many, and it will surely go through the loop.
Price Predictions
- 2025: If the Pi token is on the list, its prices would go up and could potentially fall to as low as $1, at least in the short term. Market euphoria may keep pushing it further up for some time.
- 2025: Continued adoption will take the Pi coin into sustainable growth, with a good possibility of being over $5 if all favorable market conditions present themselves.
- 2030: Once the utility ecosystem of Pi Network gets developed and businesses are attracted to it, the value
will shoot up.
Risks and Challenges
- Unpredictable Launch: The Open Mainnet launch has been delayed, which has raised several questions about Pi’s credibility.
- Lack of Historical Data: There is no trading history and no market cap, so it is all speculative predictions about the future.
- Problems with Networks: The referral-based model is extremely close to the MLM models except that Pi puts forth the argument that the structure is balanced and restrained.
Is a Pi Coin Worth It?
Pi Coin is not stable enough to be declared worthy; there is no intrinsic value currently because Pi Coin remains unlisted. Mining Pi is also free and hassle-free, so anyone willing to wait for potential returns in the future ends up on this network.
Conclusion
The bright future of Pi Network can be judged by its rapidly increasing user base and approach. But it is only a speculative project. Nobody should invest in the Pi coin before the actual value of it is realized upon the mainnet launch and when it is listed on some exchange. Mining Pi carries no financial risk; however, managed expectations and proper research must be made on it.
