Pi is a digital currency you can mine with your smartphone. It is offered by the Pi network which offers the token as a solution to make cryptocurrencies accessible to everyone.
The platform allows users to get access to PI tokens without resource-intensive mining procedures or risky investments.
This is the ultimate guide to the Pi Network and its native token PI. In this piece, we will explore its core features, unravel the potential of its native token, PI, and take a glimpse into its past performance and prospects. Let’s dive right in.
Pi (PI) Key Features
| Simplified Mining | Unlike traditional cryptocurrencies that require hefty mining rigs, Pi Network allows you to mine PI on your mobile phone. |
| Robust Security | Built on a blockchain, PI offers a secure, transparent, and tamper-proof mechanism to verify transactions. |
| Community-driven | The Pi community consists of millions of engaged users worldwide, who participate in discussions and contribute to development and innovation. |
| PI Token (PI) | PI is designed to become scarcer as the network grows, thereby potentially increasing in value. |
Pi (PI) Tokenomics
When I last checked, PI was trading for $45.09. Coming down by 5% from yesterday’s price.
The token currently possesses a market capitalization of over $3 billion. The 24-hour trading volume is just shy of $400 million, also down by 7% from yesterday. A total supply of 68 million is currently in circulation.
Pi (PI) Past Performance
Launched in December 2023, the price of PI immediately went up and hit an all-time high of $330.65. But the spike was followed by a sharp correction and the token continued to be priced between $20 and $40 until it has again gained some momentum last week hitting a 1-year high of 117.13.
Pi (PI) Price Forecast
Technical indicators suggest that the existing market sentiment is Neutral although the Fear & Greed Index is at 77 signaling extreme greed. PI stayed 17 (57%) out of the last 30 days in the green region with a significantly high 41.68% price volatility. Our analysts think that now is not a bad time to buy the Pi token.
2024: Technical analysis of the previous year’s data suggests that the price of PI will rise by 29.67% and reach $ 59.18 by the end of March.
2025: In the year 2025, the price of PI is expected to fall between $ 45.64 on the lower end and $ 212.71 on the high end. Pi Network. An investor buying PI today will gain a 370.50% return by 2025 if the token reaches the upper price target.
2030: In 2030 PI is expected to be priced between $ 111.83 on the lower end and $ 181.32 on the high end. If we compare this with today’s price, the upper price limit will translate into a 301.06% return.
Where to Buy Pi (PI)?
You can buy PI from crypto exchanges like HTX, BitMart, Biconomy, SuperEx, ONUS Pro, and Jupiter.
How to Buy Pi (PI)?
- First, create a free account on HTX by visiting the website and providing the necessary information.
- Complete the verification process, and set up your security features like 2FA to start using the platform.
- Navigate to the ‘wallet’ section and deposit funds into your HTX wallet. You can use cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), or stablecoins (USDT).
- On the HTX trading interface, type PI in the search box and choose a trading pair (e.g. PI/USDT).
- Choose a ‘limit order’ and enter the amount of PI you want to buy.
- Hit ‘buy’ and review the details. Now hit ‘confirm’. When the price reaches your specified level, the order will be executed.
- You can now see the PI coins credited to your HTX account, which you may withdraw to your wallet.
Conclusion
PI pitches itself as the layman’s cryptocurrency. One can get their hands on this token without expensive crypto mining hardware or large investments.
At launch, the token was greeted with overwhelming excitement but has since faded away for over a year. Now, thanks to the hype around the upcoming Bitcoin halving event, the PI is showing signs of recovery.
As always, we would like to add some caution to the reader. Crypto assets, including cryptocurrencies, are highly volatile and are considered a high-risk investment.
The reader is advised to exercise prudence while putting hard-earned money into such ventures. More importantly, stay away from leveraged investments and fancy-sounding complicated financial instruments.
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