Price Pi Network, the revolutionary new cryptocurrency. How high can it go?
The Pi Network was launched in 2019 by a group of Stanford alumni led by Nicolas Kokkalis and Chengdiao Fan and was envisioned as an affordable solution for crypto market participation for anyone without advanced technical or financial resources. The coin can be mined directly from smartphones without consuming large amounts of power resources. Users only need to open the app once a day to mine.
The Pi Network rapidly expanded its user base, reaching over 110 million downloads by the end of 2024, and as of February 17, 2025, a total of 540 thousand new users joined the network. On February 20, 2025, the Pi Network marked a historic moment, entering the Open Mainnet stage at 08:00 AM UTC. This launch is considered a landmark moment as it allows users to transfer their coins to foreign exchanges and participate in the global crypto market.
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Pi Network is a revolutionary cryptocurrency that aims to be accessible to anyone. Its goal? To democratize access to blockchain technology, giving anyone the opportunity to participate in a simple and efficient way. But what exactly is the Pi Network and how does its mining process work?
What is the Pi Network
Unlike bitcoin, which requires specialized hardware (such as expensive ASICs) and considerable power consumption, the Pi Network requires no mining equipment or knowledge of blockchain technology. With the help of a smartphone and a mobile app, anyone can create an account and start mining Pi at no cost. At the moment, the app ranks 4th in the top Social category in the Google Play Store.
The Pi Network ecosystem
Another remarkable aspect of this project is its ever-growing ecosystem. Currently, the Pi Network blockchain includes:
Blockchain Pi: A decentralized and energy-efficient ledger used to record transactions across the ecosystem, including dApps, services, and Pi products.
Pi Wallet: A secure digital wallet where users can store their Pi coins. This is extremely important for future transactions on the Mainnet.
Pi Nodes: Anyone who wants to contribute more to securing the network can run a node on their computer.
Pi KYC is the process of verifying the identity of participants to ensure regulatory compliance.
The token model and Pi mining mechanism establish the principles for identifying and rewarding miner contributions to the network.
Blockexplorer Pi Network: gives early adopters access to blockchains and the ability to view transaction history. Users can review details such as sender and recipient addresses, amounts transferred, fees and other relevant information.
Pi Apps Platform: Encourages developers to create apps that support Pi as a currency, thereby promoting its utility.
All these features are designed to support the network and give users more options to use the Pi currency in the real world.
The PI Network platform includes:
Pi Browser – The primary environment for Pi Network dApps. Here, users can complete the KYC process, access independently developed apps, interact with the blockchain, and manage their Pi wallet, all through a single account.
Ecosystem Interface – Gives users access to a selection of Pi apps. Developers can present their projects to a wide audience, benefiting from user testing and feedback.
Pi Net – Provides connectivity between Pi Network applications and the Web2 environment.
Pi Developer Platform – Enables the integration of applications with the Pi Network through dedicated SDKs and APIs, helping to extend the usefulness of the Pi coin.
Pi Developer Portal – A space where developers can register and manage their own applications, facilitating direct payments through the Pi Network.
Key aspects of the Pi Network mining process
Accessibility: No special hardware or advanced technical knowledge of blockchain technology is required. Anyone with a smartphone can join the network.
Low Power Consumption: Unlike traditional mining, which uses massive amounts of electricity, the Pi can be mined without a large battery consumption.
Limit on the number of units: While bitcoin and other cryptocurrencies have a maximum limit on the number of units that can be created, the Pi Network uses an inflationary model to keep the supply at a constant increase. This ensures the stability of the currency and encourages its use as a means of payment.
Pi Network roadmap
The Pi Network project has been divided into several clear phases, each with their own objectives:
Phase 1 – Beta
Project Pi launches the alpha prototype of the mobile app in December 2018. The Beta phase is considered the “pioneering” phase of the network. On March 14, 2019,the official launch of the Pi Network takes place and the project whitepaper is published. This phase focused mainly on the creation of the mobile app and early user adoption. There were no transactions between users during this phase.
Phase 2 – Testnet
A year after launch, the Pi project entered phase two, Testnet. This phase allowed real-world testing by running nodes by volunteer users. During this phase, developers were able to prepare applications for the next phase.
Phase 3 – Enclosed Mainnet
Phase starts in December 2021, under which the network becomes active but is protected by a firewall. The transition of “Pi pioneers” to the mainnet and KYC verification takes place.
Phase 3 – Open Mainnet (Transition in progress)
This is when the Pi currency becomes usable for transactions. Open Mainnet is where the project evolves from a simple digital currency to a truly decentralized economy.
How the Pi Network protects user privacy
One of cryptocurrencies’ biggest concerns is user privacy. Although transactions are anonymous, meaning that the user’s real name is not associated with a particular transaction, wallet addresses can easily be tracked and linked to a person’s identity through blockchain analytics.
To avoid these problems, Pi Network uses a secure cryptographic algorithm that protects user anonymity. In addition, the platform is based on the principle of distributed trust, where information is maintained and verified by multiple users, not just one centralized node. This provides additional protection against cyber attacks.
Pi Network also has a strict privacy policy and is committed not to sell or share user data with third parties without their consent.
In conclusion, Pi Network is an innovative platform that places great emphasis on protecting user privacy and creating a strong and responsible community.
Is cryptocurrency Pi the next big boom? We have an article on the topic, which we invite you to read here.
How cryptocurrency Pi works and what is Federated Proof of Stake
Unlike Bitcoin and Ethereum, the Pi Network uses a unique concept called Federated Proof of Stake (FPoS). Next, we’ll take a look at what Proof of Stake (PoS) is, how federated systems work, what FPoS means, and what the benefits (or risks) are for investors.
What is Proof of Stake (PoS)
Proof of Stake (PoS) is one of the most widely used mechanisms for validating transactions and ensuring security within blockchain. Unlike Proof of Work (PoW), PoS does not require energy-consuming processes.
Validators are chosen to add new blocks based on their number of staked (locked) cryptocurrencies in the network.
This process reduces the need for expensive hardware and high energy consumption.
Rewards, in the form of cryptocurrencies, are offered to those who secure the network.
What is a Federated system
A federated system is a decentralized structure in which multiple participants (called “federators”) work together to maintain the network. Unlike fully democratic systems where everyone can participate, in a federated system only approved nodes (validators) have the authority to make decisions. Federators are third-party, independent entities that have the role of verifying and certifying the compliance of financial products and services with established standards and regulations. They act as a kind of “referee” or “auditor” to ensure the quality and integrity of services.
Benefits of federated systems include:
Less congestion – The limited number of federators allows for faster transaction processing.
Increased security – Reduced risk of attacks as only trusted participants can validate transactions.
Better control – Ideal for networks that want to ensure a quality standard for validation.
What is Federated Proof of Stake (FPoS)
1.Validators in the Federated Proof of Stake (FPoS) system are chosen based on the number of cryptocurrencies they hold and allocate.
2. This verification provides an additional level of security and reduces the risk of malicious validators.
3. Power is decentralized, but managed by a select group that ensures network efficiency and integrity.
FPoS is a popular method used in projects such as Dash and Stellar. It provides an improved solution to the scalability and security problems encountered by other Proof of Stake protocols. FPoS also allows a greater degree of decentralization than traditional federated systems.
Pi Network Coin price, down 62% after launch. What caused the decline
After the long-awaited listing on decentralized exchanges such as OKX, Bitget, HTX or BitMart, the coin saw a dramatic drop of 62.60%. This rapid decline stirred controversy and raised questions among investors. What caused this sharp drop and what does the future hold for the Pi Network cryptocurrency star of February?
Photo source: crypto.news
3.1 Initial price spike
The excitement for Pi Network Coin was huge at the time of listing. Within the first few hours, the value of the coin rose to a peak Pi Network price of $1.97. This increase was attributed to major market anticipation, with over 110 million Pi Network users waiting for the opportunity to trade the coin.
However, this early performance was not sustainable. Just one day later, the price dropped to $0.737, a decline that took many investors by surprise.
Why the Pi Network’s price dropped 62% after launch
1. Massive sales from miners
One of the main reasons for the drop is early miners, who seized the opportunity to cash in on mined coins. When the coin became tradable, many of them sold en masse, causing an increase in supply and a fall in price.
2. Low buying volumes
Analyst Kim H Wong explained on X (formerly Twitter) that the Pi market is currently dominated by sellers. There are few significant buy orders and large capital is lacking. However, Wong is optimistic, saying that as pressure from sellers eases, investors may return, stabilizing the price of the currency.
3. Lack of Binance listing
While Pi Coin has been listed on major platforms such as OKX, Gate.io and Bitget, the lack of listing on Binance, the world’s largest exchange platform, remains a significant drawback. Binance offers immense liquidity, credibility and exposure, and its absence limits the Pi Network’s near-term potential.
4. Poorly developed ecosystem
While the Pi Network offers a browser and a basic wallet, decentralized applications (dApps) built around the Pi ecosystem are few. This lack of concrete use cases limits the coin’s attractiveness to serious investors.
5. Criticism from experts
Bybit’s CEO, Ben Zhou, has called Pi Coin a scam and publicly stated that the platform will not list the coin. Zhou criticized the project for its lack of transparency and compared the project to past negative forex experiences.
3.3 What does the Pi Network mean for investors?
Although the currency’s debut was marked by major fluctuations, there is still potential for long-term growth. Future Pi Network price growth will depend on the following factors:
Widespread adoption: If the Pi Network proves that it can be used for day-to-day transactions, it will certainly become more attractive to investors.
Expansion of the ecosystem: The development of dApps and the enhancement of the features offered could increase the competitiveness of the Pi Network cryptocurrency in the crypto market.
Additional listings: A possible listing on Binance or other major platforms could trigger a new wave of interest.
For cryptocurrency enthusiasts, a cautionary lesson
Pi Network Coin’s volatility offers a valuable lesson about the risks of investing in emerging cryptocurrencies. Every investor should do their homework, analyze potential risks and make informed decisions. Any cryptocurrency investment should be made with caution.
Pi Network price evolution according to Coinpedia. What price can Pi Network reach
Today, on February 19, 2025, we have a Pi Network price of around $1,554. Pi Network currently has over 35 million active users, which is impressive for a relatively new project.
Photo credit: Coinpedia
Pi Network price prediction for 2025
According to Coinpedia, the price of the Pi could peak at $2.50 in 2025, depending on crypto market conditions and the growth of active users.However, major equity liquidations or general downward trends in cryptocurrency prices could result in a minimum Pi Network price of $0.50 by the end of the year.
Pi Network price forecast 2026-2029
2026: The price of Pi Network could range between USD 0.83 and USD 4.12, with an average around USD 2.47.
2027: The maximum value could reach USD 6.59 and the minimum could stop at USD 1.14. The average expected price is USD 3.86.
2028: Coinpedia estimates that the price of Pi Network could reach a high of USD 9.17 and a low of USD 1.56, with an average expected value of USD 5.36.
2029: For this year, estimates suggest a fluctuation between USD 2.27 and USD 12.68, and the average could be around USD 7.47.
Pi Network price prediction for 2030
By 2030, Coinpedia predicts that the value of the Pi could reach a price of USD 16.74 under favorable conditions. However, if the market turns bearish, the low for this year could drop to as low as USD 3.19, with an estimated average value around USD 9.96.
If you’re looking to buy Pi Network as an investment with the aim of making a profit, it’s essential that you educate yourself well and fully understand all the risks and opportunities. Abarai provides you with the necessary tools, but recommends that you only invest as much as you can afford to lose, as the price of the Pi Network is extremely volatile.
How to mine Pi Network on your smartphone?
Unlike Bitcoin, where mining equipment is essential, the process to mine Pi is very simple. Here’s how it works:
1. Download the Pi Network app: It’s available for both Android and iOS. All you need to do is register with a username and password.
2. Verify your identity: The Pi requires minimal verification to ensure user legitimacy.
3. Click the “mine” button once a day: Mining the Pi takes a few seconds and consumes no extra power or mobile data.
4. Invite your friends and family: As your team grows, so will your mining rates.
The process is completely safe and doesn’t affect phone performance or battery life.
