Pi Network is a cryptocurrency and development platform that allows mobile users to mine Pi coins without draining the device’s battery. The network’s consensus, based on the Stellar Consensus Protocol (SCP) and the Federated Byzantine Agreement (FBA), allows smartphones and laptops to act as miners. Users can participate in various roles, such as Pioneer, Contributor, Ambassador or Node, helping to maintain the network and earn rewards
.
The Pi token acts as the platform’s governance token, allowing holders to participate in decision-making processes.
The network places a strong emphasis on community building, with users forming ‘security circles’ and participating in various activities to earn more
Pi.
Table of Contents:
Pi Network Coin: Buy or Sell?
Trader sentiment
- Buy: 50%
- Sell: 50%
Recent statistics indicate mixed sentiment among traders:
- May 31: +34%
- June 5: +26%
- June 9: +6%
- June 12: +26%
- June 15: -6%
- June 20: +20%
- June 28: -6%
Recent performance
- Past 7 days: +6.8%
- Last month: -3.2%
- Last 12 months: +69.3%
Investment quality: good
Short-term signals and forecasts
Pi Network Price Trend
Pi Network surpassed $40, peaking at $42 before stabilizing just above $40. With trading volumes under 500k, the price of Pi coin is unlikely to make significant progress towards $50 in the short term
.
Short-term technical analysis
- Oscillators: mostly neutral. The RSI (14) is at 60.08, the stochastic %K at 73.83, the average directional index
- Divergences: the CCI at 201.64 and the stochastic RSI fast at 95.75 suggest a sell, while the momentum at 3.69 and the MACD level at 0.17 indicate a buy.
- Moving averages: mostly bullish. The exponential moving averages (EMAs) for 10, 20, 30, 50, 100, and 200 periods, together with the simple moving averages (SMA) for the same periods, suggest buying action. The weighted moving average (VWMA) volume at 38.26 supports a buy signal
- Indicators: the Ichimoku base line at 39.89 remains neutral, while the hull moving average (HMA) at 41.43 indicates a sell.
(ADX) at 19.30.
.
Overall perspective
Pi Network is likely to remain in the range between 37 and 41 dollars for now.
Aggregate price forecasts
- 2024: $53.9
- 2025: $84.1
- 2026: $123
- 2027: $161
- 2028: $194
- 2029: $281
- 2030: $400
Long-term forecasting considerations
Long-term forecasts are often unreliable. However, let’s analyze the possibility that Pi Network will reach significant values such as 100 or 1000 dollars
.
Pi coin at 100 dollars: is it possible?
Feasibility assessment
To reach 100 dollars, Pi would have to double its current value. At 100 dollars, the target market capitalization would be around 6.8 billion dollars. If Pi were to grow at a rate of 25% per year, it would take about 4.5 years to reach
100 dollars.
- Investment quality: moderate
- Growth needed to reach 100 dollars: feasible
- Market capitalization at 100 dollars: feasible
Considering the quality of the investment, the necessary growth and the time required, we can say that Pi coin has a good chance of reaching 100 dollars in the near future.
Pi coin at 1000 dollars: is it possible?
Feasibility assessment
To reach 1000 dollars, Pi would have to increase 25 times its current value. At 1000 dollars, the target market capitalization would be around 68 billion dollars. If Pi were to grow at a rate of 25% per year, it would take about 14.5 years to
reach 1000 dollars.
- Investment quality: moderate
- Growth needed to reach 1000 dollars: not feasible
- Market capitalization at 1000 dollars: not feasible
Considering the quality of the investment, the necessary growth and the time required, we can say that Pi coin will not reach 1000 dollars, even under favorable market conditions.
