Pi Network (Pi) Price Update: Current Value & News
Could Pi Network, a cryptocurrency project promising mobile-based mining, truly revolutionize the digital landscape, or is it destined to become another cautionary tale in the volatile world of crypto? The answer, shrouded in both fervent optimism and persistent skepticism, hinges on a complex interplay of factors, from its innovative mining mechanism to the uncertainties surrounding its tokenomics and future market acceptance.
The digital currency landscape is constantly evolving, with new players emerging and established cryptocurrencies vying for dominance. Pi Network, with its unique approach to mobile mining and a vast, engaged community, has generated considerable buzz. However, the journey of Pi coin is fraught with challenges and uncertainties, demanding a closer examination of its fundamentals, market dynamics, and potential pitfalls.
The conversion rate of Pi Network (PI) to USD currently sits at approximately $0.6448 per 1 PI. This means that you could exchange 5 PI for $3.22, or consider an exchange of $50.00 for roughly 77.54 PI, before accounting for any applicable fees. For users looking to navigate the trading amounts of PI, it's best to refer to available conversion tables to stay informed of the potential USD prices and their corresponding PI equivalents, and vice versa.
Market analysis indicates a possible downward trend for the Pi coin, as some observers have noted. This raises the question of whether the price can rebound prior to the actual network launch. The project has attracted millions of users eager to migrate their mined coins for trading, fueling speculation and creating a sense of anticipation within the community.
Pi Network aims to be a community of tens of millions of humans mining PI cryptocurrency, with the intent of building and utilizing a web3 app ecosystem. This blockchain network is supported by its community of pioneers, who are rewarded through a unique mobile mining mechanism, designed to acknowledge diverse contributions and encourage digital citizenship in a clear, meritocratic, and decentralized manner. The community has expanded rapidly, but there are also controversies surrounding tokenomics, security, and regulation.
Is Pi Coin the next big breakthrough, or just another speculative project? Here are five key facts that everyone should know:
| Attribute | Details |
|---|---|
| Project Name | Pi Network (PI) |
| Current Price (approximate) | $0.651519 USD (as of the latest update) |
| 24-Hour Price Change | Up 0.55% |
| CoinMarketCap Ranking | #26 |
| Circulating Supply | 6,958,926,878 PI |
| Max Supply | 100,000,000,000 PI |
| Market Cap (Live) | Approximately 3,976,413,946 EUR |
| Recent High | $0.654600 |
| Reference Website | CoinMarketCap |
The launch of Pi Coin's mainnet is underway, generating significant global interest in the cryptocurrency. Millions of users are primed to migrate their mined coins for trading. Data shows a recent price fluctuation, with Pi showing a 0.32% decrease in the last 24 hours. The current market capitalization has a rank of #26 on CoinMarketCap, reflecting a live market cap of 3,976,413,946 EUR. The circulating supply is at 6,958,926,878 PI coins, out of a maximum supply of 100,000,000,000 PI coins.
While PIs price hovers around $1.47, it is anticipated that the token could continue to face selling pressure as more holders convert the asset to fiat or other cryptos. The increasing listing of Pi Coin on more exchanges also plays a significant role in the currency's volatility.
The network's native currency, at the heart of the ecosystem, is Pi coin (PI), which users can mine through their mobile devices. The token has a maximum supply cap of 100 billion coins. There are concerns surrounding its inflationary nature and its economic implications.
With a user base of over 35 million and a unique mining mechanism, Pi Network aims to promote a Web 3.0 experience where community developers can build decentralized applications. Recent community votes on top crypto exchanges have added to the excitement around this project and its token.
The daily exchange rate of Pi Network (PI) to INR fluctuated between a high of 56.79 on Thursday and a low of 53.91 on Tuesday in the last 7 days. The price is updated from PI to EUR in real time. Pi has registered a 0.30% increase in the last 24 hours.
The price of Pi coin remains speculative before the mainnet launch. However, the pricing could change once the token becomes officially tradable. In the Korean market, the Pi to KRW price is updated in real time. The value of Pi [IOU] has increased by 0.13 over the last 24 hours. The current CoinMarketCap ranking is #3158, but there is no available real-time market capitalization data.
Looking ahead, an analysis suggests that by April 2025, the native cryptocurrency of the Pi Network, Pi Coin (PI), could potentially be trading around $1.12. However, this estimation indicates a decrease of approximately 3.34% over the previous 24 hours. This decline is consistent with the wider market downturn, which shows a decrease of approximately 3.73% in total cryptocurrency market capitalization over the same period.
Currently, while users can mine coins on their smartphones, the ability to transfer them to exchanges for trading is still unavailable. Although PI is listed, it is not yet available for sale.
The daily exchange rate of Pi Network (PI) to PHP fluctuated between a high of 37.57 on Thursday and a low of 35.84 on Tuesday in the last 7 days. Binance, a leading crypto exchange, has started a community vote to decide whether Pi Coin should be listed on the exchange. Pi has a maximum supply of 100 billion tokens and an issuance model that declines exponentially, based on network contributions. Pi Network is a social cryptocurrency, which users can mine and transact through a mobile app.
