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Pi cryptocurrency value predictions

2024-06-13 18:03

Abstract: At the moment, you cannot sell Pi coins on Binance or some other cryptocurrency exchange, like you would Bitcoin or Ethereum, for instance. However, that doesn’t mean that you are completely out of luck when it comes to selling your Pi coins. You can try peer-to-peer methods, spend your PI directly at merchants that accept PI, and more.

Can you trade Pi coin?

At the moment, you cannot sell Pi coins on Binance or some other cryptocurrency exchange, like you would Bitcoin or Ethereum, for instance. However, that doesnt mean that you are completely out of luck when it comes to selling your Pi coins. You can try peer-to-peer methods, spend your PI directly at merchants that accept PI, and more.

Pi Network is a popular cryptocurrency project that allows users to mine Pi coins for free with their mobile devices. The nature of the project means that millions of users have mined a considerable number of Pi coins and are now wondering where to sell them.

In this article, we are going to list different ways to sell the Pi coin in 2024 and provide our opinion on which methods are the safest and which methods you should avoid if you dont want to get scammed. In the meantime, you can open an account on Binance, which will probably be among the first exchanges to list the Pi coin once it finally starts trading.

How to sell Pi coins?

You can sell your Pi coins to interested buyers both online and offline. The peer-to-peer method allows you to agree on the price and payment method that will be used when selling PI. It is worth noting that the P2P approach is the oldest method of trading cryptocurrency. When Bitcoin was just starting out, and there were no crypto exchanges around, users would sell BTC via PayPal or some other payment service with no involvement of any third party.

P2P is just one method for selling PI. In the following sections, we will examine several different ways of selling Pi coins.

Sell Pi coin peer-to-peer

Since Pi Network‘s mainnet is still closed (or rather, “enclosed”) and the exact launch date for the open mainnet is still unknown, there’s currently no PI currently trading on crypto exchanges (except for PI IOUs, but we‘ll get to that later). That means that there’s very limited price discovery, and no one really knows how much a single PI coin is worth – it could be 1 cent, $1, or even $100. The point is that no one knows.

For that reason, countless users on social media platforms claim they are willing to buy PI at different rates. Of course, some are willing to buy PI in person. Lets see how the two P2P methods compare:

Selling Pi coin P2P (online): Based on our experience and testimonials from numerous individuals, most users who advertise buying Pi coins are scammers. They dont plan on actually paying for PI; they just prey on those who are willing to send them coins in hopes of getting paid.

Selling Pi coin P2P (offline): While meeting in person is way less convenient than setting up a transaction online, it also makes it less convenient as a method for scamming people. While we have no experience with in-person P2P Pi coin trades, wed say that they are much more likely to be legit than their online counterparts.

pi welcome

Pi Network has gained massive attention within the cryptocurrency community. With its unique approach to mining directly from a phone and its potential as a legitimate payment project, Pi Network has accumulated a substantial following.

There are now 55 million active community members— a population size that beats many countries — including 10 million KYC‘d ’Pioneers and 3.3 million Twitter followers.

If Twitter metrics alone were the important thing, it would place the Pi Core Team account neck-and-neck with the Ethereum Foundation account.

But Pi is more than that, looking to become a payment system once it hits its full launch.

Pi Networks X Account Surpasses 3.3 Million Followers

Pi Network‘s X account has achieved yet another milestone by surpassing 3.3 million followers. The achievement solidifies Pi Network’s position as one of the fastest-growing projects with a massive community in the blockchain space.

On February 9, Pi Network announced that they had reached the 3 million follower milestone on X. At the time of writing, the project had onboarded another 300,000 users.

It is worth noting that Pi Network has outpaced other established cryptocurrencies like Solana, Cardano, Avalanche, and Tron, all of which have less than 2.5 million followers on X.

The growing number of followers on Pi Networks X account reflects the increasing interest and support for the project. And in crypto, community is one of the key strengths that every project needs.

Its going to be a fascinating year for Pioneers.

pi network launch date

While some news sources speculate a June 28 Pi launch date, this looks to be false information, sparked by the same rumored date in 2022.

From the teams official Pi Network account, they have simply outlined 2024 as the year for the mainnet launch.

The team also suggested some goals — on a page cunningly called “mainnet2024” — that they wish to pass before launching Open Mainnet, including:

15 million Pioneers passing Know Your Customer (KYC) checks

10 million Pioneers migrating to beta mainnet.

100 mainnet-ready apps.

If Mainnets date is dependent on reaching those milestones, the wait may still not be too long.

10 million ‘Pioneers’ have carried out (KYC) checks — an increase of 1.45 million between December 2023 and March 2024, and around 50 apps — from chats to forums to browsers — are thought to be mainnet-ready.

Meanwhile, there have been 4.6 million mainnet migrations by users — up from three million in December

Why Pi Matters

Pi Network is a blockchain project that aims to democratize mining by divising it accessible to anyone with a desktop or mobile device. The projects native token is Pi Coin, which the team expects to be utilized for everyday transactions.

Users can mine Pi coins using their smartphones. All they need to do is click on a button within the Pi Network app every 24 hours to show their active participation within the network.

Notably, unlike traditional digital currencies such as Bitcoin (BTC) and other proof-of-work (PoW) cryptocurrencies, Pi coin does not require energy-intensive hardware to mine it. This explains why the token has been exceptionally successful in attracting a vast network of miners.

Why is Pis Open Mainnet A Big Deal?

The Open Mainnet stage will allow Pi users to exchange their Pi coins with other cryptocurrencies and fiat currencies. Furthermore, it opens the door for developers to innovate, creating utilities and applications atop the networks robust framework.

Despite the excitement surrounding this announcement, the Pi Network team is proceeding with caution. They claimed that a hasty transition could undermine the communitys achievements to date.

In light of this, they have determined three conditions that must be met to ensure the Pi coin launch date. Here are the three prerequisites that should be met before the transition happens:

Comprehensive Preparations: The team underscored the need to complete all crucial technological, product, business, and legal preparations. While the technical roadmap is largely in place, efforts are ongoing to enhance network security, stability, and scalability.

Decentralization Milestones: A central goal is to acquire 15 million KYC-verified users and migrate over 10 million Pioneers to the Mainnet blockchain. Additionally, the development of at least 100 high-quality, diverse utilities and applications is critical for establishing Pis viability as a currency.

Optimal External Conditions: As a global cryptocurrency initiative, Pis success is intertwined with the broader world context. Therefore, the team said factors such as geopolitical stability, regulatory developments, industry trends, and the absence of global crises are pivotal in determining the timing of the Pi mainnet launch date.

Is Pi Crypto legit

Pi Network is a cryptocurrency that claims to be “mined” on mobile phones. The project was launched in 2019 and has since attracted over 23 million users. However, many believe that Pi Network is a scam.

There are several reasons why people believe that Pi Network is a scam. These include:

The Pi Network app does not mine cryptocurrency. Instead, it uses a system called “proof of stake” to distribute coins to users. This system is not as secure as traditional mining, and it is more susceptible to fraud.

The Pi Network team has not released any white paper or technical documentation about the project. This makes it difficult to assess the legitimacy of the project.

The Pi Network team has not been transparent about its funding. There are concerns that the team is using the project to raise money without providing any real value in return.

The Pi Network app has been accused of being a pyramid scheme. This is because users are rewarded for inviting new members to the network.

The Pi Network coin is not yet listed on any cryptocurrency exchanges. This means that users cannot actually sell or trade their coins.

Is Pi Network safe?

The Pi Network app is safe to use. However, there is no guarantee that the Pi Network coin will be worth anything in the future. The project is still in its early stages, and it is possible that it will never be successful.

1 pi to USD

how to cashout pi

Pi Network users have been eagerly awaiting the ability to withdraw their mined Pi coins. Pi is still in its development phase, known as the “enclosed network.” This means that official withdrawals to external wallets or exchanges are not yet supported.

There are a couple of important points to understand:

Mainnet Launch is Key: Pi needs to transition to its open mainnet phase before users can withdraw funds freely. The developers haven't announced a specific date for this launch, but it's expected to be sometime in the future.

Beware of Scams: With the promise of Pi withdrawals, scams are likely to emerge. Pi Network itself does not currently offer any way to withdraw Pi except for a pilot program on their partner platform, Pi Chain Mall (PCM).

Here's a breakdown of the current situation:

Official Withdrawals (Limited): PCM launched a limited Pi withdrawal feature in February 2024. Users can withdraw a small amount of Pi daily (currently 50 Pi) to their Pi app wallet. This is a pilot program and may not reflect the final withdrawal process.

Unofficial Methods (Caution Advised): Some users explore Peer-to-Peer (P2P) marketplaces or social media to find buyers for their Pi. This approach is risky and against Pi Network's Terms of Service. Be cautious of scams and only deal with reputable platforms or individuals.

Here are some recommendations for Pi Network users:

Stay Informed: Follow Pi Network's official channels for updates on the mainnet launch and official withdrawal methods.

In conclusion, while withdrawing Pi funds isn't possible through conventional methods yet, there are positive signs with the PCM pilot program. Stay informed, be cautious, and wait for official announcements from Pi Network to ensure a safe and secure withdrawal process.

pi value

According to the latest data gathered, the current price of Pi is $$41.07, and PI is presently ranked No. 3510 in the entire crypto ecosystem. The circulation supply of Pi is $0.00, with a market cap of 0 PI.

In the past 24 hours, crypto has increased by $0.02 in its current value.

For the last 7 days, PI has been in a good upward trend, thus increasing by 2.11%. Pi has shown very strong potential lately, and this could be a good opportunity to dig right in and invest.

During the last month, the price of PI has increased by 14039.01%, adding a colossal average amount of $5,765.29 to its current value. This sudden growth means that the coin can become a solid asset now if it continues to grow.

The Pi crypto isnt available on any exchanges yet, which is the one factor that makes it challenging to forecast its price. What does that indicate for Pi coin price predictions for 2024 and beyond?

Since this cryptocurrency‘s future is so unpredictable, many experts are very conservative in their Pi network price predictions. The Pi coin neither has a price history for us to analyze nor has it shown how it responds to the price movements of the crypto market and Bitcoin. There’s no market cap or all-time high for us to use in our price predictions, either.

So, what‘s left? Well, in a case like this, most experts have no choice but to turn to pure speculation. We cannot even carry out a full-fledged fundamental analysis. To derive the true value of any asset, one has to evaluate its potential and existing use cases, the number of people using or holding it, its future potential, the team behind it, and so on. Depending on the asset, some of these factors will play a bigger role in determining the asset’s price than others. In Pi‘s case, there’s no way to determine the actual number of users that will be holding the coin once it goes live.

Pi cryptocurrency value predictions

Pi Network Price Predictions for 2024–2030

Although there may be a lot of conjecture over the value of the Pi coin in the future, nobody is certain about it. Only time will show, and we all just have to wait and see. Millions of users and active miners are currently safeguarding the protocols beta network. This area is completely coded and prepared to go off when the network eventually goes live.

When the Pi Network finally launches its open mainnet to the general public, we think Pi Coin will have its own actual worth. The Pi project will undoubtedly introduce its own advances if this actually happens.

Cryptocurrency exchanges are expected to list the Pi Network in the near future. If this happens, the Pi value will rise over its initial value of $0.

Prices of hotly anticipated projects frequently rise within the first few weeks after they are officially listed on cryptocurrency exchanges. The market cap increases as a result of the intense demand when people rush to buy the “next big thing.” The Pi coins future value could consequently increase.

However, in such cases, the price rarely remains high for an extended period of time. Because people start selling their coins to make quick money, it typically happens a few days after the initial enthusiasm dies down. The Pi Network might experience the same fate – only time will tell.

In our Pi network price prediction, we took a look at both Pis strengths and weaknesses and the price history of cryptocurrencies with similar use cases. Additionally, we also had to consider what will happen to the crypto market in the future and how Pi might fit into the crypto sphere in the coming years.

Pi Coin Price Prediction 2024

2024 is currently set to be the year that Pi Network finally launches its mainnet. If that happens, we will finally see its real value — and many experts expect it to be below $1.

According to our assumption that Pis price will follow the same trends that many other altcoins do, this cryptocurrency will have a rally shortly after its listing. The beginning of 2024 was really good for the crypto industry, with many cryptocurrencies recovering from their previous losses and surging in value. The Pi coin is likely to follow any market booms that occur, so 2024 might see its price rising to all-time highs.

Additionally, the general hype for crypto can greatly benefit the Pi cryptocurrency. It is beginner-friendly and free to mine. Besides, it is connected to the Pi number, so if the hype occurs in March of 2024, its team can advertise quite effectively on Pi Day.

One more thing to note when divising any future Pi coin price prediction is that it might be quite lucrative for businesses to invest in and adopt — for example, it fits the criteria Elon Musk has set for a cryptocurrency that can potentially become a payment medium for Tesla.

Pi Coin Price Prediction 2025

Our price prediction for 2025 is that the Pi crypto will continue to rise — that is, if it does get an official mainnet launch. As we have mentioned previously, any sort of hype in the crypto community can greatly benefit this digital currency, boosting its price.

If the bear market returns (and it always does, eventually) and crypto prices do not stay at the same level they are now, we do not see Pi becoming incredibly profitable, but it can still be a good investment. After all, if you acquired it for $0, then any price the Pi crypto reaches will give you a profit.

Raspberry Pi

Raspberry pi versions

Raspberry Pi is the name of a series of single-board computers made by the Raspberry Pi Foundation, a UK charity that aims to educate people in computing and create easier access to computing education.

The Raspberry Pi launched in 2012, and several iterations and variations have been released since then. The original Pi had a single-core 700MHz CPU and just 256MB RAM, and the latest model has a quad-core CPU clocking in at over 1.5GHz, and 4GB RAM. The price point for Raspberry Pi has always been under $100 (usually around USD 35), most notably the Pi Zero, which costs just $5.

There have been many generations of the Raspberry Pi line: from Pi 1 to 4, and even a Pi 400. There has generally been a Model A and a Model B of most generations. Model A has been a less expensive variant and tends to have reduced RAM and fewer ports (such as USB and Ethernet). The Pi Zero is a spinoff of the original (Pi 1) generation, made even smaller and cheaper. Here's the lineup so far:

Pi 1 Model B (2012)

Pi 1 Model A (2013)

Pi 1 Model B+ (2014)

Pi 1 Model A+ (2014)

Pi 2 Model B (2015)

Pi Zero (2015)

Pi 3 Model B (2016)

Pi Zero W (2017)

Pi 3 Model B+ (2018)

Pi 3 Model A+ (2019)

Pi 4 Model A (2019)

Pi 4 Model B (2020)

Pi 400 (2021)

Raspberry Pi 5 release

The Raspberry Pi 5 looks like its predecessors. The size of the board is unchanged, as is the 40-pin GPIO strip. The USB ports and the network socket have been swapped compared to model 4B. However, the first visual impression is deceptive. In reality, there are fundamental innovations.

The most important is the new BCM 2712 SoC (System-on-a-Chip), whose four Cortex-A76 cores are clocked at 2.4GHz. Depending on the application, the Broadcom chip is two to three times as fast as its predecessors. This is an enormous increase in performance but also comes at the cost of higher power consumption and a heat problem.

In contrast to previous models, the 3.5mm socket for audio cables has been removed — as is now standard on most smartphones. This is particularly regrettable when using the Raspberry Pi as an audio player or internet radio.

There is a new PCIe connector for this purpose. However, you cannot simply connect an SSD there: In the near future, plugin boards (HATs, hardware attached on top) will allow you to connect a PCIe SSD to the Raspberry Pi. The manufacturers Pineberry and Pimoroni have already presented such HATs and delivered them from the beginning of 2024.

what is a pi 4

The Raspberry Pi 4 Model B is the latest version of the low-cost Raspberry Pi computer. The Pi isn't like your typical device; in its cheapest form, it doesn't have a case and is simply a credit-card-sized electronic board--of the type you might find inside a PC or laptop, but much smaller.

It costs as little as $35, although you can choose the $55 version with its 4GB of RAM for its better all-round performance.

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