Pi cryptocurrency is causing a shake in the digital currency community even before its complete launch. This project has been under development since 2018 and continues to be in the testing mode. But there are already Pi cryptocurrency value predictions when this digital currency goes live.
Some users see Pi as a method to get associated in a digital currency from the base up and profit in the future, in the similar way that the early adopters of Bitcoin racked up huge gains from holding and mining of coins. What is the Pi network and how does it operate? In this article, we will discuss an overview of this Pi digital currency.
What Is Pi Cryptocurrency?
It is a cryptocurrency project that focuses on keeping crypto mining accessible. It is based on the idea that a centralization of the first generation of digital currencies like BTC has put them out to reach the regular users.
While the early adopters of Bitcoin were able to mine the coin from their regular computers, the procedure of crypto mining has been transferred by huge mining pools with special hardware and graphic systems.
This project that has been formulated by a team of Stanford graduates aims to amends the balance allowing users to mine crypto coins directly from its smartphone apps.
The Pi coin is the digital currency that operates on the Pi network and like other digital currencies like Bitcoin Pi was built to undergo regular “halving” to secure its scarcity. Halving is the time when the number of coins that are received by a miner for the processing of new transactions is decreased by half after a certain milestone is attained.
Pi Cryptocurrency Remains In Pre-Released Mode
During the first 3 months of 2021, developers could communicate with the Pi testnet. This project introduced a latest Pi Brainstorming application in the PI App Platform to enable users to provide ideas about the app, engage other users, and join projects.
During the next 3 months, the Pi network core development team aimed at constructing the Pi Utility Platform that included allowing third party applications with the wallet. Pi Network on April 10, 2021, introduced a Pi browser app after their launch of the Pi wallet app on 1st April 2021. This wallet allows developers to check transactions on the Pi Testnet but does not allow real transactions. So the exact Pi cryptocurrency launch date is not available. They are still trying to bring the perfect platform for their users. The Pi cryptocurrency price in India is 3.24 INR.
What Is The Worth Of Pi Crypto?
If you are wondering about the present worth of Pi crypto, it is not available as of now. It is not available for purchase in any of the digital currency and trading exchanges as well. Users who have miner Pi cryptocurrency can only withdraw or exchange their crypto during the third phase of this project when Pi shifts to a complete decentralized blockchain.
During the testing phase, Pi cannot be transferred. According to the project website, this is done to stop fake accounts from collecting coins. The balances on the Pi wallet are predicted to be honored when Pi is transferred from testnet to mainnet when the protocol of the blockchain comes out completely from the development phase and is completely active.
Pi Coin Price Prediction From 2021 – 2025
As with other digital currencies on the verge of launch, the value of Pi crypto is likely to begin at a comparatively low level. The Pi cryptocurrency to USD is estimated to be down initially and increase as its adoption rises. What do some of the Pi price predictions suggest?
On 3 August 2021, reports predicted the price of Pi at $1.32-$1.35. It showed that the price could increase to $1.48 by 2025 if the coin rises at 1% of the approximate annual rate of BTC, or attain $224.89 if it has 100% of BTC’s previous average annual hike.
On 18 March 2021, Pi Network’s price prediction of 2021-2025 portrayed that the price of the coin would increase from an average of $0.0107 in 2021 to $0.0127 in 2022, and $0.0212 by the end of 2025. Over a longer period, it is expected the Pi coin price to rise to $0.0319 roughly by 2028.
At the present time, investors cannot trade Pi cryptocurrency. If you expect a successful launch of this project, and accessible digital currency that does not price out the regular users you can get into the mining of this coin. But undoubtedly this coin has a bright future in the crypto space.
Frequently Asked Questions On Pi Cryptocurrency
1. Is Pi crypto worth anything?
If you are wondering about the present worth of Pi crypto, it is not available as of now. It is not available for purchase in any of the digital currency and trading exchanges as well.
2. Will Pi be a cryptocurrency?
Pi network is yet to launch its digital currency that investors can sell and buy. You can mine the Pi coin via the Pi Network application if you get a referral code from a present user.
3. Is Pi cryptocurrency safe?
You may wonder if Pi cryptocurrency is real and safe. Pi is 100% safe. Pi basically enables you to earn free digital currencies immediately without any risk.
4. Will Pi ever be worth money in 2021?
On 3 August 2021, reports predicted the price of Pi at $1.32-$1.35. It showed that the price could increase to $1.48 by 2025 if the coin rises at 1% of the approximate annual rate of BTC, or attain $224.89 if it has 100% of BTC’s previous average annual hike. Pi presently has no value and cannot be traded on any digital currency exchange. It is hard to predict the value of the crypto before launch, but it could begin with a value of around 0.01 against the USD, according to some reports.
5. Is Pi Coin a good investment?
Presently, investors are not able to trade Pi coins. If you predict the coin to successfully launch an accessible digital currency that does not price out the regular users, you could get associated with mining the coin. Or, you could wait to purchase it on an online crypto exchange. Whether it will be a good investment or not for you will rely on your financial scenarios, portfolio structure and your risk appetite.
6. Can I Sell My Pi Coins?
At this time, the Pi coin cannot be withdrawn. Pi cryptocurrency is not listed yet. Very strongly, users believe that it will soon be listed in 2021 and then the users will also know the value of pi coins. After that it can also be withdrawn.