Key points:-
- What is a Pi coin?
- Inflationary Concerns and Ecosystem Development
- Global Consensus Value (GCV) Hypothesis
- Impact of Mainnet Launch
- Pi Coin’s Listing on Major Exchanges
- Pi Coin Price Prediction
What Is Pi Coin?
Pi coin was founded in 2019 by Stanford Ph.d’s Nicolas Kokkalis and Chengadio Fan. Pi coin Network is a web3 blockchain product that allows users to mine Cryptocurrency on their smartphones without the need for heavy and expensive equipment. Unlike Bitcoin and other cryptocurrencies, which require a large computer setup. Pi coin can be earned simply by opening the app daily and running it in the background.
According to Pi Coin Network’s website:
“Pi Coin Network is a company of tens of millions of people mining Pi Cryptocurrency to use and build the web3 app ecosystem.”
Pi coin is a similar project to Hamster Kombat. It is based on the tap to earn model, depends on mass appeal, and attracts mostly newcomers to Cryptocurrency who want to make a quick buck.
We can say that historical experience shows that the tokens of such projects fall suddenly in value almost immediately after launch. DeFi Crypto King analyst recently warned investors against abnormal expectations, emphasizing that Pi’s listing price is unlikely to reach even $5, let alone $30-40. According to CoinMarketCap, the token has indeed started trading at $2.
Analyst shared that
“I’d love to see people get rich and change their lives with Pi, but I can’t stand fake prices. I still remember someone taking out a huge loan to buy a car, thinking of the HMSTR they would get through airdrop, ended up disappointed and sold the car,”
Pi Network is built on top of the Stellar blockchain and can’t be differentiated easily from it technically. Meanwhile, Stellar’s native token has a market cap of $17 billion, while Pi is valued at $63.8 billion.
Such a difference in valuation, given the almost identical technological base of the projects, raises reasonable doubts.
Inflationary Concerns and Ecosystem Development
According to the Pi Network white paper, token issuance can not be limited to the announced volume of 100 billion. Whitepaper also said, “To maintain the health of the network and ecosystem, there may be a need for inflation after the distribution of 100 billion Pi.”
The token value is also affected by the lack of in-demand applications in the project’s ecosystem.
Global Consensus Value (GCV) Hypothesis
Some interested people promote the concept of Global Consensus Value (GCV), suggesting that the price of Pi should be fixed at $314,159. The number was chosen for a reason – it refers to the mathematical constant π (approximately 3.14159).
One user noted at X, “GCV is more of a concept than an actual market price. Pi will probably start at normal exchange rates and grow gradually as it grows in popularity.”
A user explained on X, “The core team will monitor speculative market manipulation and may destroy any Pi that trades in violation of the rules,”
Impact of Pi Mainnet Launch
On February 20, 2025, Pi Network’s mainnet was launched, it was a notable event in the crypto market. According to Coinpaper, the project conducted the largest cryptocurrency airdrop in history at $12.6 billion.
Doubtful opinions intensified after Bybit exchange CEO Ben Zhou recalled a warning from Chinese authorities. In 2023, Chinese law enforcement authorities characterized the project as a “financial pyramid scheme” targeting vulnerable groups.
Crypto analyst Colin Wu warned, “If you plan to visit mainland China, I advise you not to mention Pi or do business with it,”
Pi Coin’s Listing on Major Exchanges
Some Crypto exchanges have added Pi network Blockchain to their listing without any authorisation. This was reported by the project developers on their official website. The creators of the project did not mention which exchanges they are talking about.
As reported by the developers, the PI ($1.00) token is not officially traded anywhere and is not listed on any cryptocurrency exchanges. Users cannot buy or sell the token, and PI is distributed only through mining.
The developer of Pi network warned users not to interact with any of the Cryptocurrency exchanges, as their actions “have no relation to the PI network and may lead to significant losses”.
Pi Network (PI) Token Recovers From The Fall
At this time, when this article is being written by the author, the PI Network token is trading 173 percent above its post-launch value. This huge growth is due to the renewed interest in the altcoin that has been seen in recent days.
This positive momentum is reflected in the rising Relative Strength Index (RSI). The indicator is at 63.40, indicating strong upward momentum. If this trend continues, the PI price is likely to continue rising.
In addition, the Balance of Power (BoP) indicator shows a positive value of 0.41 and supports an optimistic outlook. By this indicator, we can compare the strength of buyer and seller in the Cryptocurrency market by analysing price momentum over a specific time period. Positive BoP values indicate higher growth dominance and strong upward momentum, which may hint at further price growth.
Pi Coin Price Prediction
In the past 24 hours, the PI token has fallen in price by 4.4%. At this time of writing this analysis report, Pi token is trading at $1.52. Meanwhile, the chart below shows that the cryptocurrency has been trading above the ascending trendline since February 20, which confirms renewed interest in the altcoin. This configuration indicates a sustained uptrend.
Buyer hoping that Pi will have a chance to overcome the $ 2 mark and return to its all-time high value of $2.20. However, in case of less demand and taking high profits, the bullish forecast may be cancelled. Then the Pi Network token will face a drop below $1.60 – probably to $1.34.
Author Opinion
The coin is new in the market, and there is still a lot of unlocking of tokens that is pending. We see a huge stack of coins coming in the market in the coming days, and that will build selling pressure. For new entries, it’s better to wait for some time and let the dust settle before opening new positions.
