2023 Pi Price Forecast: Is Purchasing Pi Coin Safe? - Analytics Insight

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2023 Pi Price Forecast: The crypto project Pi coin has been in existence since 2018. According to its founders, the blockchain protocol was created so anyone could mine Pi from a mobile device. Although the project has not made a public launch, interest in the Pi network continues to grow. It is important to note that the Pi network is still not available on the mainnet. This means the current price of Pi coin is below the $1 mark. This article features the Pi coin price prediction for 2023, where it is, and how it could perform in the future.
The Pi Network is a rising digital currency project based on the best crypto practices. Unlike popular cryptocurrencies such as Bitcoin, Ethereum, and others that are becoming increasingly centralized, the Pi Network was designed to be easily accessible by all users. The network is run by a team of perspective Standford graduates, and it’s completely based on mobile technologies.
The network uses the Stellar Consensus Protocol or SCP to validate transactions on a distributed ledger. Users can mine Pi Coins using their mobile phones, and once the coin goes live, they can sell all existing Pi Coins they’ve accumulated over time. The project was launched on the 14th of March 2019, and it kept growing ever since. The user base is currently close to 30 million, which is an impressive number given that the Pi Coin is still not available for trading.
What’s interesting is that the people behind the Pi network want to include as many users in the future of crypto as they can. The company has organized various public events in the past 2 years hoping to meet their customers and exchange ideas with their very active community. The release date is still unknown, but the Pi Coin price prediction 2023-2025 is looking good so far.
According to its whitepaper, the Pi network is meant to fulfil the first principle of cryptocurrencies, as postulated by Bitcoin anonymous creator Satoshi Nakamoto. It is meant to give back financial power to the masses. This is the underlying motive of the project.
The Pi network aims to create a smart contract functional platform secured and operated by the average person. The protocol aims to foster the world’s most inclusive peer-to-peer (P2P) marketplace powered by the Pi utility token.
The influx of deep-pocketed corporations drives the network to focus on truly decentralising digital assets into the foremost digital asset network, Bitcoin. Given the relative mining difficulty of the Bitcoin protocol, only individuals and companies with vast resources can validate transactions in return for the network’s tokens. The Pi network aims to build a long-lasting minable protocol ideal for smartphone users.
Just like many other cryptos out there, the PiCoin is going to have a very low price against the US dollar upon release. As more and more people start buying and selling these coins, the price will go up. The actual value of the PiCoin depends on the number of platforms and users that adopt this cryptocurrency in the future.
Use as a payment method by several businesses and merchants would likely see the value of Pi coin hit $5 on a modest scale. A more ambitious Pi coin price prediction could see the minable token surge to $10 before the year runs out.
Predicting prices for cryptocurrencies is almost impossible due to the volatile nature of the markets. Predicting prices only a few hours into the future is hard, let alone making accurate long-term estimates. The best approach is to keep monitoring prices over a longer period and get an expert opinion. Until the PiCoin is released, all we can do is hope that it will be another successful cryptocurrency we trade and make money on.
Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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