Remember that the Pi network is still not accessible via the mainnet. This indicates that the current value of the Pi coin is less than any value we desire that it should be.
This won’t likely last very long, though. The smartphone mineable coin will be available to the general public this year, according to the development team.
However, the unauthorized listing of PiCoin as an IOU aids us in some manner in making our prognosis for the coin starting this year (2023 to 2024). The values you can see below are not actual Pi coin prices, but we anticipate that after the mainnet launch, everything will go virtually exactly as we predicted.
- End of 2023: Pi coin may trade at $55 per coin if it develops new use cases.
- End of 2024: PiCoin may attain its all-time high (ATH) price of $350.
The present hackathon might be the final one before the mainnet launches. This is the breaking news that every pioneer or pi miner has been waiting for.
GCV still trending
The value of anything that can be exchanged, including all cryptocurrencies on the market, is determined by a number of factors, including supply and demand, according to economists. For instance, the price will increase if more investors are attempting to purchase PiCoin when pioneers are not too eager to sell them, and vice versa. And because there is a limited supply of many cryptocurrencies, the rising demand will keep pushing up prices.
Despite the clearer reasons provided by the experts, the GCV continues to trend higher than any proposed value for PiCoin because GCV supporters are unwilling to part with what they treasure most.
This however, descended into a verbal brawl between experts, moderators, and other pioneers who believed that PiCoin would be accepted in the cryptocurrency market if everyone could agree on a single value for it.
What is Pi Network?
Pi Network is a cryptocurrency project that allows users to perform mining operations through their smartphones. The platform was designed to onboard anyone into the crypto space, regardless of their familiarity with digital assets.
Pi Network is the brainchild of Stanford University graduates – Nicolas Kokkalis, Chengdiao Fan, Aurélien Schiltz, and Vince McPhillips. The team started developing the project in 2018, but they released the whitepaper and launched the application a year later, on March 14, 2019.
