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Pi Network is one of the few crypto projects that have maintained their hype for a long time. Its unique features have made it a very popular project with a very vibrant community. After a long wait, spanning over six years, the Pi Open Mainnet finally went live on February 20, 2025. This is perhaps the most consequential development in the network's history, and has injected a high degree of excitement in the broader crypto space. The Open Mainnet launch enables interaction between Pi Network and other blockchain ecosystems. Also, it is now possible to trade Pi Coin like any other cryptocurrency. However, Pi Network coin has experienced a torrid run since late February, dropping from a peak of $3.00 to the current $0.574, having broken below the $0.600 mark, that had served as a support mark for almost three weeks. In addition, the coin is down by 25% in the last month and formed a death cross (50 MA crossing below 200 MA) on the daily chart in March. Pi Network project Founder, Nicolas Kokkalis will be a guest speaker at Consensus 2025, one of the largest blockchain events worldwide. Pi Network is the official sponsor of the event set to be held in Toronto, Canada from May 14-16. That event will provide a platform where Pi Network could reaffirm its roadmap and potentially win back declining investor confidence. Where Can I Buy Pi Coin? The Pi development team went all out in ensuring that its native coin launches in a pompous fashion. Some users were concerned that the launch could see Pi listed on second or third-tier exchanges, limiting its true potential. However, it initially lived up to the hype, listing on OKX, the fourth-largest cryptocurrency exchange by volume. The Binance community voted by 86% approval for listing of PI on the exchange. However, that has not happened, nearly a month since the vote. PI is also listed on Bitget, Gate.io, Mexc, LBank among other second and third-tier centralised exchanges. That will give the coin exposure to tens of millions of traders worldwide, which is good for the price momentum. However, the last two months have seen reduced enthusiasm over Pi Network coin, with Bybit CEO, Ben Zhou stating that the exchange will not list the coin. Zhou went as far as describing the project as a "scam". This has spooked some investors and added downward pressure on the coin. Also, no tier 1 exchanges have expressed intention to list Pi since the Binance and Bybit debacles. Pi Network Latest News The first Pi Fest since the Open Mainnet took place from March 14-March 21. Coinciding with "Pi Day" celebrations, this year's fest saw the Map of Pi app user numbers rise to a total of 125,000 registered sellers and 58,000 active sellers. In addition, 1.8 million Pioneers have used the app. However, it was relatively uneventful, as it took place amidst strong bearish conditions on Pi Network Coin. The Map of Pi is among the most important applications on the Pi Network ecosystem. It holds the key to connecting users to merchants who have signed up and adopted Pi as a means of payment. Mass adoption of Pi is one of the strongest selling points and could see it rival Bitcoin, which has no official figures on the number of merchants onboarded. The project has also faced criticism after nearly 1.2 billion Pi Coins were taken out of circulation without official explanation. That has seen the circulating supply drop from 7 billion to 6.84 billion coins. That raised suspicion that some Pi holders might have lost their coins under unclear circumstances, potentially during the network migration. Also, the reluctance by the Pi Core Team to issue an official communication has created a sour sentiment in the market. The good news is that the number of users who have migrated to the mainnet finally hit the Pi Core Team's target of 10 million. In its message to the community on January 31, the team stated that the migration could happen before the grace period lapses. The project already hit the KYC target number and currently has more than 18 million verified users. https://twitter.com/PiCoreTeam/status/1889445244464517293?ref_srctwsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet With the open mainnet having gone live, there is new excitement around the project, as Pi coin holders are now free to trade their their assets like any other crypto coin. However, that has also exposed it to the harsh realities of market conditions, which might have contributed to the prolonged correction. What Is The Current Price Of Pi Coin? Pi coin price is at $0.573 as of this writing, which is about 474% above its original listing price. However, that price is still about -25% on the monthly chart, underlining the prevailing bearish momentum. Pi Network coin's upside has been subdued by the market-wide sour sentiment created by the ongoing trade tariff war between the United States and some of its leading trading partners. Therefore, Pi could potentially rise higher if the trade impasse is resolved. By June 2019, the crypto had already amassed more than 100,000 active users. By February 2020, the user base had grown to over 3.5 million active users. Today, the network has over 60 million active Pioneers. To protect its scarcity, the crypto undergoes halving, which is the number of coins awarded for processing a transaction. For instance, the Pi network halved from 1.6 π when it reached 100,000 active users. The process repeated when it reached another milestone of 1 million active users and again when it reached 10 million users. It will continue with the halving process until it reaches zero, when the number of active users will be 1 billion. The road to Pi Network Mainnet Launch and why the long delay Pi coin was created by a team of Stanford graduates and was launched in 2019 on Pi Day, 14 March. A free Pi mining app was also provided during the launch, which enabled users to mine the crypto on their phones. Pi coin has a maximum supply of 100 billion coins and a fully diluted valuation of $171 billion as of this writing. After remaining in its closed mainnet, the public launch of Pi Network mainnet was expected in 2022. However, due to the lack of communication from the team and constant delays, it didn't even happen in 2023. The PI Core Team announced in early September 2024 that it would reveal the Mainnet open roadmap in December 2024. However, as impressive as they were, the milestones still fell short of the targets needed before the Open Mainnet launch. This may have increased the level of apprehension among Pi Coin holders, but it was an unavoidable step if the coin is to achieve mass adoption and utility. The Pi Coin project has adopted a phased approach, to ensure that it ticks all the boxes for efficiency and regulatory compliance. However, the continuous postponement of the mainnet launch is a cause for concern and has given rise to the widespread talk that it could well be a long con scheme or scam. Instead of focusing on giving updates on the project roadmap, with well-defined timescales, the team has instead prioritised attracting attention from online social media platforms. The Open Mainnet launch opens up the network to interactions with external ecosystems, creating opportunities for users to trade and profit. Pi Coin Tokenomics and Roadmap Controversy After a very long wait, Pi team finally shared a detailed roadmap in April 2025. The roadmap helped ease the tension that had built up and given room to speculations regarding the project's authenticity. The version 1 of the roadmap is divided into 3 phases, with the initial 2 phases already complete. However, phase 3 which is divided into two parts, is the most significant one. Pioneers were eagerly waiting for some information on the Pi coin exchange listing but met with utter disappointment as the team didn't give any timeline for the full public launch of the mainnet. However, the Pi Network team has faced criticism in recent weeks due to their perceived lack of transparency on tokenomics and developmental milestones. In a recent revelation, the development team said that of the total 100 billion Pi coins in supply, it owns 20 billion tokens, while the foundation has 10 billion Pi. Also, 5% or 5 billion coins are for liquidity purposes while 65% or 65 billion Pi are to go to the community via mining. That settled the nerves of investors who were initially concerned that the network could face the same fate that befell Mantra leading to its collapse. In addition, the Pi Core Team revealed a detailed plan for the Network's its next course of action following the Open Mainnet launch. https://twitter.com/PiCoreTeam/status/1913310214557728827?ref_srctwsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet Pi IOU Coins With the listing of real Pi coins on centralised exchanges, Pi IOUs will no longer be there. The Pi Core Team issued warnings against IOU contracts of Pi/USD denouncing any affiliation to them. Also, some exchanges began converting the IOU values to USDT stablecoins in the lead-up to the Open Mainnet launch. HTX (formerly Huobi) was one of the first crypto exchanges to launch Pi coin IOU contracts in December 2022. After an initial surge to $264, the pair embarked on tailspin. However, when the real Pi Network Coins were listed, the price started at $0.100, a wide deviation from the IOU coin price. According to the latest exchange data, $588,000 worth of Pi IOU contracts have changed hands across crypto exchanges BitMart, HTX and CoinW. However, I would be cautious to invest in these derivatives as they currently seem to be overvalued. How To Sell Pi Coin? As mentioned earlier, the Pi coin now tradeable like any other cryptocurrencies. The coin is listed on fifteen exchanges as of this writing, the majority of which are third and fourth-tier. Many users previously depended on peer-to-peer platforms to sell their PI. However, that is no longer necessary due to the exchange listings. It seems that the team is deliberately delaying the full mainnet release. Many industry analysts believe that the project is already generating very good revenue from the daily traffic on Pi Network app. A launch of the mainnet may divert all this traffic to the blockchain, depriving the project of significant ad revenue. If you are eagerly waiting to sell your Pi coins, then I'll let you know when your coins are tradable. For this, you are welcome to join my free Telegram, where I post daily updates on cryptocurrencies and stocks. Also, it has so far 80 real, distinct Pi apps that are either mainnet-ready or already on the mainnet. The Pi Core Team targets to have 100 apps ready before the transition to the open mainnet. Finally, the project's developers say the external environment will need to be favourable upon completion of these milestones before it launches. Pi Network is working to expand its ecosystem. The project currently runs the Developer Ambassador Program. The program rewards anyone with 1000 Pi coins for onboarding new developers to the Pi mainnet. This initiative may accelerate the development in the coming months. Pi Network Adoption Currently, Pi Network is one of the biggest crypto communities on Twitter. The project is supported by a loyal community of enthusiasts who are eagerly waiting for the full release of the mainnet. One of the bottlenecks facing Pi Coin is the Know Your Customer (KYC) process, which is a demanding task for an ecosystem with over 60 million users. Nonetheless, this is one of the most important steps in the PI network's development and reputation, as it will ensure that all Pi Coin holders are human beings. Similarly, its main app has been downloaded by more than 50 million people, making it one of the most popular apps in the crypto industry. The Twi Pi Network Android App The social media following is the backbone of any crypto project. Pi Network is currently followed by 4.7 million across different social media platforms. Such a big community can be attributed to the project's great referral system and good marketing. The most distinguishing feature of Pi coin mining is the fact that it can be mined on any cell phone and doesn't require any sophisticated hardware or computational power. This unique trait has made it very popular among the new crypto enthusiasts as they can mine coins just by tapping on their mobile screens everyday. What consensus mechanism does pi coin use? Pi Network uses the Stellar Consensus Protocol (SCP). This Consensus Protocol is different than the widely used proof-of-work (PoW) and has also been a major selling point to its users. The consensus mechanism allows transaction validation on a distributed ledger to be executed by order, increasing its scalability and rate of transactions per second. Another cryptocurrency called Stellar Lumens already uses Stellar Consensus Protocol (SCP). In the Stellar Lumens network, most of the nodes are being run by big organizations like IBM. However, in Pi Network, all the nodes will be run by individual users. Users would be able to use their devices like mobile phones, laptops, and tablets to run a Pi Network node. This can theoretically create a much more robust and decentralized network while also ensuring high scalability. Pi Coin Price Prediction 2025 Many experts predict that Pi coin will be listed on several decentralized exchanges by the second half of this year, broadening its reach and helping drive up its performance. To answer the question of the price of Pi coin when it starts to trade this year and my general Pi price prediction for 2025, I will use several concepts that help explain why cryptos increase or reduce in price. The first concept I will use is supply and demand; regardless of whether you are dealing with the Fiat currency or cryptocurrency, oversupply of currency results in depreciation in prices. Currently, there are 7.1 billion Pi coins in circulation, out of a total supply of 100 billion. Therefore, the limited supply is likely to provide propulsion for Pi coin price upside. However, I expect the supply to increase significantly once more Pi Network apps go live and increase the coin's utility. Also, adoption of the coin as a payment method by merchants could increase its demand and help spur its uptrend. Therefore, the price will not only depend on market forces, but also Pi Core Team's balancing act of app integration and unlocking of new coins. Pi Network Use Case The second concept determining how much Pi coin will be worth is its long-term usability. Today, most cryptocurrencies have a premise of solving real-world problems, which has led to people using these cryptos. For example, take the case of Ethereum, which promises to decentralize financial institutions. But, again, these are real-world problems that are getting real-world solutions. However, this is not the case, as seen with some cryptocurrencies such as Shiba Inu and Dogecoin, which were created as jokes and serve no purpose at their core. Instead, these types of cryptos rely on influencers and high-profile people to market them for them to gain prices. Although Pi network team has mentioned a lot of use cases for the coin, most of them are yet to see the light of day. Therefore, only time will determine the true usability of this new cryptocurrency. The third and last concept I will use for my Pi Coin price prediction for 2024 is how the combination of the previous two factors interact, how the supply and demand and the crypto usability affect clients' willingness to invest in the project. For instance, the project may have high usability but still fail to launch at a higher price because of oversupply or lack of demand. Even though the team has been very active on Twitter, they are still keeping the community in the dark regarding the roadmap for the mainnet's public release. This situation is making many loyal community members to have second thoughts on the project. Also, there have been whispers about a possible partnership between Pi Network and Amazon for a while now. That would involve PiCoin becoming a payment option on the platform. However, after months of speculation, the world's largest online retailer has still not said whether it will accept PiCoin as a payment option. Nonetheless, the PiCoin community still holds on to that hope, and if Amazon were to adopt PiCoin, it would be a huge step forward and a huge validation of utility. Pi Coin Price Prediction 2025 At its peak, Pi Coin rose by more than 1,600% from its initial listing price following the Open Mainnet launch on February 20. However, the price has plunged by nearly a third in the last eight weeks, and it is has underperformed the broader crypto market in April. For instance, Bitcoin, the crypto market bellwether, has gained 12.2% in April. In contrast, Pi coin price declined by 9.8% in the same period, a week to the end of the month. This signifies a souring sentiment surrounding Pi Coin's prospects relative to the broader crypto market. I expect the coin to stay subdued if the price continues to face resistance below the psychological $1 mark. However, the upward momentum could be strengthened if it flips the $1.00 to a support level. If that happens, it will likely meet initial resistance at $1.81. If it clears that barrier, the resulting momentum could take it higher to meet the next major resistance at $2.28. However, a stronger upward momentum could breach that level and potentially send Pi Network coin price higher to test $3.20, above the uppermost boundary of the Bollinger Band indicator on the chart shown below. Based on the implementation of technologies such as The Pi Network's use of Stellar Consensus Protocol (SCP) and millions of users already using the coin, my Pi price prediction for 2025 indicates that the coin will be mostly bullish this year. As a result, I estimate that the crypto will be trading at above a dollar by 2025. Of course, this is a conservative estimate. Pi Coin Price Prediction 2030 While true that it is almost impossible to predict what will happen to the Pi coin in 2030 since it has not yet started trading, we can still speculate its value during that time. My Pi coin price prediction for 2030 is based on factors listed in my previous prediction. My conservative estimate is the crypto will be trading at around $5. By this time, the halving cycles will have made it harder for the new Pi coins to be mined, but billions will still be available. Therefore, I don't expect the crypto to be above $5 by 2030. IS PI Coin a Scam? One of the questions that come up a lot by investors looking to invest in Pi coin is whether the crypto is a scam. To be fair, it is a very genuine question that needs to be asked because, unlike other cryptocurrencies, Pi coin is currently not exchangeable anywhere. There is also the question of why the project has been delayed so much before getting launched on exchanges. Today, many investors of the Pi coin have no tangible benefits (for now), and the value attached to the crypto is more speculative than objective. However, the open mainnet launch and listing on exchanges puts those concerns to rest. Also, the Pi Core team previously promised to release it in decentralized markets by the second half of this year. The project also has one of the biggest communities today. Its creators have never shied away from answering these community members, indicating a willingness to move the project forward. In its short years of existence, the project has also not displayed signs of being a scam. This is an indication that the PI coin is a genuine project. Is Pi Coin a Good Investment? Investing in Pi coin, for now, is purely based on speculative analysis and not the usual fundamental and technical analysis. Although my analysis is super bullish, speculative analysis is highly risky, and there is a high probability that the prices will not pun out as predicted in my analysis. Therefore, investing in Pi coin comes with huge returns on investment and can also result in huge losses that wipe your investment.