Pi coin price predictions

  One of the first projects to get involved with the mobile crypto mining craze was and is Pi coin. Many "Pioneers" are looking for a Pi coin price prediction to see whether the token is worth mining, so I will do my best to with the data available.  

  The current price of Pi is worth $0 USD. That sounds scary still and I am an early investor rather, miner lol. The Pi coin future price, and whether Pi is the best cryptocurrency to invest in right now would lead you to ask yourself a few questions. First, have you even investing any crypto currency currently? Opening a wallet is not as easy as it seems. Next, Pi Coin operates a bit differently from traditional crypto assets like Bitcoin and Ethereum. The idea of the Pi Network was to allow people to mine crypto directly from a smartphone. With Pi gaining over 30 million users at its peak, this concept was clearly a smash hit! 

  When it comes to looking at how Pi Coin has performed since beta stages, I believe they have achieved every goal that has been displayed to the users. As the network's mainnet still remains yet to be launched, there's previous price data to go on. There's still plenty of information we can gather from how the project has been operating over the past year. 

  Pi Coin has opted to allow users to mine coins on the testnet which will then be transferred across to the mainnet once it launches. By taking this approach, the Pi Coin team has managed to create a strong and loyal community that has a vested interest in the success of the project. In order to provide its earliest supporters with the best value, the Pi Team choose to incrementally half the mining rewards for users as certain milestones were achieved. This initially took place when Pi Coin surpassed 100,000 users, then again, at 1 million, once more at 10 million users joined the network, and there will be a final halving at the 100 million user milestone. In contrast to assets like Bitcoin which feature a fixed supply, the Pi network uses a system that allocates coins based on user count. So, for each user (up to 100 million users), a number of coins are pre-minted that can then be mined by the user over their lifecycle.

  While there isn't any Pi Coin price history, the release of the mainnet is expected at some time in the later this year. It feels like we are so close when we'll be able to buy/sell Pi and see how this new mobile mining crypto currency performs on the open market. 

  With around 33 million people owning a Pi wallet and actively mining, it's likely that a huge amount of buzz will be generated once the coin launches. However, it's also important to understand that there will be a large number of sellers that have been accumulating Pi ahead of the mainnet launch. With the value of cryptocurrency largely driven by supply and demand, these two parties will essentially battle it out upon the release of the coin. If there is more buying pressure, we could see a huge rally. Conversely, if the selling pressure is higher, the price of Pi could suffer until those planning to sell as soon as possible are shaken out of the market. 

  To get an idea of how the coin might perform it's worth taking a look at the Pi Network White Paper. It states that the total supply of Pi can be calculated by combining total mining rewards, total referral rewards, and total developer rewards. 

  However, if the selling pressure is able to outpace the buying pressure, our Pi coin price prediction would place the token at a more conservative $0.01 with a market cap of $2.5 billion. 

In summary:

• Pi Coin Launched in 2019
• Pi currently lacks a value and won't until the "mainnet" is launched
• The Pi Network hit 100,000 users in June 2019
• The Pi Network hit 1 million users in April 2020
• By December 2021 Pi had over 30 million users
• Mainnet has launched in 2022

If you are interested in joining the free mobile mining app here is a link:

https://minepi.com/Archer310 

User Code: Archer310