The Pi project is more than just a tool for mining crypto assets. It is a network of interconnected services that has a prototype pi value that completes transactions in less than eight seconds.
The Pi browser software also makes it possible for developers to test and install decentralized third-party programs, while the majority of the crypto community is wary owing to concerns that it might be a scam due to the delay in mainnet launch.
The Pi software is environmentally friendly and doesn’t drain phone batteries, in contrast to other mining programs. The ongoing hackathon and the ones held in the past also show the project is far beyond being a scam. Despite the mistrust, some of the features of the pi network are significant showing it is trustworthy. Pioneers are now optimistic that, after the mainnet is released, they will be able to trade their mined Coin on centralized exchanges.
Pi Price Prediction for 2023
Recall that the Pi network is still not accessible via the mainnet. This indicates that any reputable cryptocurrency exchange will not give the Pi coin a reasonable price, due to the fact that it is not yet officially listed on Exchanges, as the Core Team distanced their selves from the listing of the Coin’s IOU between December and January this year.
The firewall limitations in the enclosed mainnet will soon be lifted and the open network will go live, then the smartphone mineable coin will be available to the general public and it’s price will be properly tracked across the various exchanges.
According to price forecasts, Pi might trade in the range of $13 and $19 in November 2023. For the large user base, the value of these activities is unlikely to provide much money.
Although the Pi network is still in development, the blockchain project has seen widespread adoption. The protocol had over 100,000 active users in June 2019 and above 29 million in May 2020. Today, the Pi network is over 45 million users.
Pi coin is expected to continue its blockchain integration march. A crucial metric for its success would be to build up its developer ecosystem. The launch of Phase 3’s hackathon indicates what the network intends in the long term.
The new decentralized payment solution would need to improve its fundamental metrics to maintain parity with other assets if Pi Coin were to continue relevant in the crypto industry. Given the greater level of community acceptance for this, it is inevitable, and finding the essentials shouldn’t be difficult.
Pi coin’s value would probably reach $50 on a moderate scale if it were used as a payment mechanism by many businesses and shops. The mineable token might increase to $100 before the year 2024 is out, according to a more optimistic Pi coin price forecast.
