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The value of cryptocurrency Pi has become one of the hottest contesting topics among its miners. This has even seen many crypto investors enter its pioneer community and start mining the token, which is the first of its kind to enable mining via mobile phones.
At the moment, Pi token’s value remains uncertain, with crypto experts giving their price prediction for Pi coin based on its community of 18 million miners.
A few crypto analysts contend that Pi may begin its journey at a value of nearly zero, and that mining it could turn out to be worthless. In contrast, Pi coin enthusiasts believe that it is going to hit exchanges at a value of US$ 100 apiece.
Let us check out what the Pi crypto team says about its opening value.
Pi crypto’s opening value
Before installing Pi coin applications on your smartphone, you must know that it consumes internet and mobile battery. The Pi team has pointed that they have been building an eco-friendly cryptocurrency by using the social chain, which consumes minimal data and battery.
Pi Network co-founders are yet to disclose the coin’s value. Hence, crypto miners and traders will come to know about its exact price after its initial coin offering (ICO) on exchanges.
Copyright ©Kalkine Media 2021
At the time of writing this, Pi coin had no value, just like Bitcoin was before its public offering. As per the Pi network’s website, it has been priced at nearly zero per coin, and its team expects the coin to grow in line with Bitcoin.
It may rise to one US dollar apiece a few years after its launch, which is expected to happen sometime this year. Pi miners who expect it to hit US$ 100 apiece may have to wait for more than a decade.
Pi’s core team has noted that the token’s price could surge on the back of robust mining operations, triggered by social media promotions, mainstream acceptance, and the use of Pi token to purchase goods and services.
Where does Pi stand in the crypto space?
Pi is still to go live through blockchain technology. The network launched its test wallet in early June, known as Pi testnet.
Once the network releases its blockchain-powered wallet, crypto traders will be able to trade mined tokens using Pi mainnet wallets. Currently, Pi tokens are not legal for trade or exchange with fiat money.
In the second quarter of 2021, Pi Network started earning net income by allowing digital advertisements on its platforms.
Pi token could go live through a crypto swap platform, like UniSwap, in the beginning. Later, it may apply for ICO on crypto exchanges, such as Coinbase and Binance.
Please note: The above constitutes a preliminary view and any interest in stocks and cryptocurrencies should be evaluated further from an investment point of view.
