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 algorithm, based on the Stellar Consensus Protocol (SCP) and the Federated Byzantine Agreement (FBA), allows mobile phones and laptops to act as miners. Users can participate in various roles such as Pioneer, Contributor, Ambassador or Node, contributing to the maintenance of the network and earning rewards
.
The Pi token acts as the platform’s governance token, allowing token holders to participate in decision-making processes. The network emphasizes community building, with users forming “security circles” and participating in various activities to earn
more Pi.
PI Traders’ sentiment
| Sentiment | Percentage |
|---|---|
| Buy | 50% |
| Sell | 50% |
Current Price Analysis
| Metric | Valore | Tendency |
|---|---|---|
| Current Price | $37.30 | On the rise |
| Trading Volume | $270.4 K | On the rise |
Short Term Signals
- Technical: In the short term, the signals are partially bearish, with mostly neutral oscillators and some moving averages that indicate a selling action.
- Short-term prediction: Pi Network is likely to remain in the $36-$39 range for now.
General Perspectives
- Outlook: Neutral
- Market’s Wisdom: Partly Bullish
- Market Data: Partly Bullish
- Technical Recommendation: Neutral
- Crowd’s Wisdom: Neutral
- Social Media Buzz: Stable
Aggregate Price Forecasts
| Anno | Expected price |
|---|---|
| 2024 | $52.6 |
| 2025 | $82.8 |
| 2026 | $122 |
| 2027 | $160 |
| 2028 | $193 |
| 2029 | $280 |
| 2030 | $399 |
Can Pi Network reach $100?
To reach $100, PI will need to increase by about 2.7x. At $100, the target market capitalization will be around $6.8 billion. If PI were to grow at a rate of 25% per year, it would take about 4.5 years to
reach $100.
Assessment
- Investment quality: Moderate
- Growth required to reach $100: Feasible
Considering the quality of the investment, the growth required and the time needed, we can say that the Pi coin has a good chance of reaching $100 in the near future.
Can Pi Network reach $1000?
To reach $1000, PI will need to increase by about 25x. At $1000, the target market capitalization will be around $68.0 billion. If PI were to grow at a rate of 25% per year, it would take about 14.5 years
to reach $1000.
Assessment
- Investment quality: Moderate
- Growth required to reach $1000: Not feasible
- Market capitalization at $1000: Not feasible
Considering the quality of the investment, the growth required and the time needed, the Pi coin cannot reach $1000 under favorable market conditions.
Conclusion
Pi Network is a promising cryptocurrency with an innovative approach to mobile mining and community building. However, expectations of reaching values as high as $1000 per PI token are extremely optimistic and not realistic based on current growth and market capitalization projections
.