Any Pi coin price prediction for 2022 is unreliable because the cryptocurrency hasn’t been listed anywhere. Overall, the project raises more questions than answers
Contents
- Is Pi cryptocurrency legit?
- Will Pi be worth anything?
- Is Pi coin safe?
- Does Pi Network have a future?
- How much will Pi crypto be worth in 2025?
- FAQs
The Pi Network appears to have done what few crypto projects manage to achieve: capture the imagination of everyday consumers.
But what exactly is the value of Pi cryptocurrency, and is there any prospect that this is a scam? Is it possible to make a price prediction of Pi coin ahead of its launch? Here, you will find everything you need to know.
Is Pi cryptocurrency legit?
The Pi Network’s official website claims that its goal is to ensure that no one is left out of the cryptocurrency revolution, pointing out that mining cryptocurrency is hard and investing in it can be even riskier.
According to the project, it enables anyone to mine crypto on their phone without draining their battery. Accordingly, there is now frenzied speculation about what Pi coin’s value may be in the future. But Pi coin projections are tricky without all the right data.
There are several different roles within the project’s ecosystem. Everyday users who have downloaded the mobile app are referred to as Pioneers and are expected to confirm that they are not a robot on a daily basis by signing into the app. Ambassadors introduce others to the Pi Network, and this unusual format has prompted accusations from some that the project is using tactics often deployed by multi-level marketing schemes. Nodes refer to those who use the app and run node software on their computer.
But here’s the one thing that makes it difficult to make a Pi coin price prediction: the cryptocurrency isn’t actually live on an exchange yet. So what does that mean for a Pi network price prediction 2022?
Will Pi be worth anything?
At this stage, we can’t answer the question of will the Pi Network value be worth anything.
The project says that, when it first launched, the base mining rate stood at 1.6 π an hour – halving to 0.8 π once 100,000 users were onboarded. A further halving to 0.4 π an hour followed when one million users started using the app and the latest slash to 0.2 π an hour came after its user base swelled beyond 10 million.
In May 2021, the Pi Network claimed on Twitter that it had more than 18 million Pioneers on board, while also encouraging them to “mine at a higher rate while they can”. It is expected that the next halving to 0.1 π an hour will occur now that the mainnet has finally launched; should Pi ever reach one billion users, the reward will fall to zero.
From late last June until the end of September, Pi held its first hackathon, #BuildPi2gether – “a collaborative event where Pioneers and developers join to build the future of Pi together”. It awarded a total of $100,000 and 100,000 Pi to the leading projects in the categories of ecosystem and business apps.
On 25 November, the Pi Network revealed that is had passed 29 million users – that’s an average 61,120 Pioneers joining the network each day. Its Twitter page has also now amassed more than 993,000 followers.
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Is Pi coin safe?
As we mentioned, some analysts making Pi coin predictions aren’t necessarily worried about the Pi Network value; they are more concerned about whether this project is a scam.
Some of the most optimistic Pi coin price predictions tend to come from those who have downloaded the app; some have suggested that a single Pi could be worth anywhere between $10 and $100 right now. However, there’s absolutely no evidence to back this up, and the team behind the Pi Network hasn’t released much information on the project’s progress. Right now, a reliable Pi coin price prediction for 2022 is much sought after.
The Pi Network appears to be especially popular in Southeast Asia. However, blockchain experts speaking to the Vietnamese publication VnExpress have cast doubt on the crypto platform’s legitimacy – not least because users don’t have access to their private keys.
Blockchain expert Dang Minh Tuan, from Hanoi’s Posts and Telecommunications Institute of Technology, said that, unlike many other networks, Pi appears to lack transparency. He added:
“The Pi Network has a smartphone app and servers to keep them running, so why don’t developers release its source code for the community to review?”
Adverts were also recently added to the Pi Network’s app, suggesting that the software’s main motivation could be monetising the millions of users who have downloaded it.
Another issue concerns the data that someone needs to give up when they download the app, including their full name, phone number and Facebook username. Tuan warned that it’s possible that other forms of data could be stolen from a user’s device. Alarm bells have also started ringing that this may be a pyramid scheme based on the fact that new users can only join if they have a referral code from an existing Pi user.
Does Pi Network have a future?
On 29 December 2021, Pi Network finally launched its mainnet – phase three of its deployment plan – and almost immediately had to issue a warning that “any party impersonating Pi Network or its founders to conduct a sale or listing is illegal, unauthorised and fake”.
Pi Network has also insisted it is not running an inital coin offering (ICO) or crowdfunding sale. So as it stands, there is still no reliable way to trade Pi coins or make a valid Pi Network price prediction for 2022 and beyond.
Of course, there is a chance that we could be proven wrong about Pi Network: that it will launch, that users will get their coins and that the cryptocurrency will have substantial value. The project has an appearance of credibility based on how it was founded by graduates from Stanford, a prestigious university.
Crypto projects have surpassed expectations before, but it is also a sector that is dominated by rugpulls, scams and pyramid schemes, as seen with the collapse of OneCoin. Some estimates have claimed that up to $19.4bn may have been stolen by the time OneCoin went under, and dozens of people ended up being prosecuted.
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How much will Pi crypto be worth in 2025?
Just to stress once again, we cannot estimate a Pi coin value because the cryptocurrency hasn’t been listed anywhere yet, meaning it is impossible to perform technical or fundamental analysis. Take any Pi coin price prediction you do come across with a pinch of salt, because there is not much trustworthy information to underpin it – the true price of Pi coin remains to be seen.
At the moment, WalletInvestor has a Pi coin price of $0.007077 and a one-year forecast of $0.000001 – but the website also says that its Pi data hasn’t been updated since 2017 and has added a ‘missing data or revoked cryptocurrency’ warning. Interestingly, CoinMarketCap also holds a $0.007077 value for Pi coin and adds that is has a “current supply of 1,378,368.8048804 with 0 in circulation”. The site adds picoin.club “for more information” which, as it happens, is a dead link.
DigitalCoinPrice appears to make a Pi Network price prediction 2022 of $0.00933407220 for the end of the year, a Pi coin price prediction for 2025 of $0.01485356371, and a Pi coin prediction for 2028 of $0.02437081851. It claims that Pi coin has a total supply of 1.38 million and a max supply of 2.94 million, but also states that “no Pi coin are in circulation”.
But only time will tell what the real price of Pi coin will be, before even attempting to look at a Pi coin price prediction for 2030. While looking for a prediction of Pi coin, remaining vigilant for scams is crucial and, although the Pi Network is free, you shouldn’t discount the possibility that the project isn’t benefitting from its users in other ways.
FAQs
The unusual format of the cryptocurrency, whereby ambassadors introduce users to the Pi Network, has prompted accusations from some quarters that the project is using tactics often deployed by multi-level marketing schemes. In addition, because the cryptocurrency isn’t actually live on an exchange yet, it can’t be bought or sold.
The project has an appearance of credibility based on how it was founded by graduates from Stanford, a prestigious university. Crypto projects have surpassed expectations before, but it is also a sector that is dominated by rugpulls, scams and pyramid schemes.
Some analysts making Pi coin predictions aren’t necessarily worried about the Pi Network value; they are more concerned about whether this project is a scam. Despite some users suggesting that a single Pi could be worth anywhere between $10 and $100 right now, there’s absolutely no evidence to back this up, and the team behind the Pi Network hasn’t released much detailed information on the project’s specifics.
Adverts were also recently added to the Pi Network’s app, suggesting that the software’s main motivation could be monetising the millions of users who have downloaded it. Another issue concerns the data that someone needs to give up when they download the app, including their full name, phone number and Facebook username.
At this stage, we can’t answer the question of will the Pi Network value be worth anything or calculate a precise Pi coin price prediction for 2022 before it fully launches. Until then, we are going to have to wait and see the full Pi coin value.
We have asked all of the questions posed by this article to Pi Network, including whether Pi is a scam, why users can’t access their crypto yet, why users need a referral to join, when Pi will be listed on crypto exchanges, whether user data is being used for financial gains, how much Pi is currently worth and why ads were added to the app.
The project did not respond to a request for comment. At Dzengi.com, we will keep you up to date on the latest Pi Network value once any further data becomes available.
