Pi Price Prediction
Pi Network is a unique cryptocurrency that allows mining via smartphones. As the network gears up for its mainnet launch, this article explores the impact of recent developments on Pi price prediction, both short—and long-term.
What is PI (pi)?
Pi Network is a cryptocurrency project enabling energy-efficient mobile device mining using the Stellar Consensus Protocol (SCP). Founded in 2019, this coin aims to make decentralized digital currency accessible to everyone. It boasts millions of users who can mine Pi tokens without the need for powerful hardware. The simplicity and ease of adoption make this the most sought-after coin.
READ ALSO: What is Pi Network? Is it Safe?
Historical Price Performance
Since its inception, Pi has been a hot topic, attracting attention for its innovative mining model, which allows users to mine on their smartphones. Although this uniqueness quickly made Pi popular, the coin faced backlash due to its unclear roadmap and transparency issues.
Normally a stablecoin, Pi’s volatility was relatively high in 2024. The coin surged to $100 in March, only to plummet to the $30-$40 range shortly after. This extraordinary event reflected mixed market sentiments.
To sum up, the overall trend for Pi in 2024 has been downward, with the price consistently shifting between lower highs and lower lows.
Technical Analysis—Key Technical Indicators
On the basis of the above chart, here is a technical analysis for PI (Pi):
Q1 2024 (January – March)
- Price Action: Pi struggles to break above the $50 resistance level and experiences a steady decline throughout the quarter. It tests the $30 support level multiple times but eventually breaks below it by the end of March.
- MACD: The MACD line remains below the signal line, indicating sustained bearish momentum throughout the quarter. The gap between the lines widens, especially in March, signaling increasing selling pressure.
- RSI: The RSI stays largely in the oversold territory, fluctuating between 25 and 35. This indicates that Pi is under persistent selling pressure with very little buying interest.
Q2 2024 (April – June)
- Price Action: The price continues to decline in April, dipping towards $25. However, a brief rebound occurs in May, bringing the price back to the $30-$35 range, before falling again in June.
- MACD: Although the MACD remains bearish, the histogram shows signs of flattening, suggesting that the downward momentum is slowing down. By June, the lines start to converge, indicating a potential shift in momentum.
- RSI: The RSI remained below 40 for most of the quarter, reflecting weak market sentiment. However, there are brief periods when it recovers to around 40, indicating a short-term easing of selling pressure.
Q3 2024 (July – September)
- Price Action: The bearish trend resumes strongly in July, with prices dropping below $30 and testing the $20-$25 support levels. By September, the price stabilizes around the $20 level, indicating a potential bottom.
- MACD: The MACD shows a renewed bearish crossover in July, confirming the continuation of the downtrend. However, by September, the bearish momentum begins to weaken as the MACD lines start to converge again.
- RSI: The RSI falls back into the oversold territory, dropping below 30 in July and staying there for most of the quarter. This suggests strong selling pressure, though the RSI starts to show signs of recovery by September.
Q4 2024 (October – December)
- Price Action: Pi consolidates around the $20-$25 range throughout the final quarter. Attempts to break above $25 in November are met with resistance, and the price closes the year near $25.
- MACD: The MACD continues to signal a weak bearish trend. However, the lines show signs of flattening, suggesting that the selling pressure might be easing. The potential for a bullish crossover may be on the horizon as we move into the next year.
- RSI: The RSI improves slightly, hovering between 35 and 40, indicating that the extreme selling pressure seen earlier in the year has eased somewhat. The market sentiment remains cautious, with limited buying interest.
Overall Outlook for 2024:
- Trend: The overall trend for 2024 is bearish, with continuous downward pressure and only minor recoveries.
- Support Levels: The $20 and $25 levels are key support zones that were tested multiple times throughout the year.
- Resistance Levels: Resistance at $35 and $50 proved difficult to overcome, capping any significant upward movement.
- Indicators: MACD and RSI consistently signal bearish sentiment, with occasional hints of recovery towards the end of the year.
This analysis suggests cautious trading for PI in the coming months, with close attention to the $30 support and $50 resistance levels. A break below or above these levels could define the next major move.
Pi Price Prediction for 2024
| Month | Predicted Price Range (USDT) |
| September | $28 – $40 |
| October | $30 – $45 |
| November | $32 – $48 |
| December | $35 – $50 |
Expert Opinions on Short-Term Price Movements
Market analysts have mixed views on PI’s short-term price movements. On one hand, the experts believe that PI’s low price presents an opportunity before a potential breakout, while others suggest continued volatility mainly caused by the project’s nascent stage and regulatory uncertainties. Experts suggest closely watching the $30 support level, as a break below could signal further downside risks.
Long- Term Pi Price Prediction
| Year | Price Range (USDT) | Prediction |
| 2024 | $30 – $55 | The price is likely to remain volatile due to the uncertainty around the mainnet launch. The KYC deadline and community engagement efforts could lead to temporary price increases, but the overall trend may depend on the successful rollout of the mainnet by the end of the year. |
| 2025 | $60 – $100 | If the mainnet launches successfully, the price could rise significantly as Pi becomes tradeable. Increased user adoption and integration with other blockchain platforms could further drive demand. |
| 2026 | $80 – $120 | With the network maturing and broader adoption, Pi could stabilize at higher price levels. However, challenges like regulatory scrutiny and market competition could introduce some volatility. |
| 2027 | $100 – $150 | As Pi’s ecosystem grows, including dApps and more partnerships, its value could increase, pushing the price higher. The network’s ability to scale and maintain decentralization will be crucial. |
| 2028 | $150 – $200 | Continued growth in the user base and successful technological advancements could drive further price appreciation. Market conditions and global adoption will be key factors. |
| 2029 | $180 – $250 | Pi’s price could see significant gains if it establishes itself as a major player in the cryptocurrency space. However, this depends on ongoing developments and the global regulatory environment. |
| 2030 and Beyond | $250 – $300+ | Long-term prospects are optimistic if Pi achieves widespread use and technological robustness. Its value could continue to rise, especially if it becomes integrated into everyday financial transactions globally. |
Pi Price Prediction for 2025
In 2025, Pi could undergo a major shift as the project matures and attracts more users. We could see a significant price increase if the development team successfully launches key features like a decentralized marketplace and expands transaction capabilities beyond the Pi ecosystem. We anticipate the price fluctuating between $60 and $80, with a possible peak of around $100 if market conditions are favorable. These predictions hinge on the release of new features, wider adoption of the network, and increased trading volume as Pi becomes more accessible on various exchanges.
Pi Price Prediction for 2026
By 2026, Pi may start to stabilize as it establishes itself in the cryptocurrency space. If the network gains traction, especially in regions with high mobile usage and limited banking access, the price could range between $80 and $120. However, potential regulatory challenges could introduce volatility as global authorities may begin to scrutinize the project more closely.
Pi Price Prediction for 2027
In 2027, Pi’s growth could continue, with the price potentially reaching $150 or more. The success of Pi will likely depend on its ability to build a robust ecosystem where Pi tokens are used for everyday transactions, both within the network and through partnerships with other platforms.
Pi Price Prediction for 2028
By 2028, Pi might be trading in the $150-$200 range, assuming the user base continues to grow, and new features like decentralized applications (dApps) are successfully implemented. Market sentiment will be a key driver, especially if Pi establishes itself as a reliable alternative to more established cryptocurrencies.
Pi Price Prediction for 2029
In 2029, Pi could experience another major rally, possibly breaking above $200, as its ecosystem matures and it gains recognition as a viable digital currency. However, this will largely depend on how well Pi Network handles scalability and regulatory challenges.
Pi Price Prediction for 2030 and Beyond
Looking beyond 2030, Pi has the potential to reach new heights, possibly surpassing $300. By this time, the network could be fully operational with a comprehensive suite of services and applications. However, long-term success will depend on continuous technological advancements, regulatory acceptance, and the network’s ability to maintain decentralization while scaling up. Investors should approach with caution, given the speculative nature of the market, but the long-term outlook for Pi remains optimistic if the project delivers on its ambitious goals.
Factors Influencing Pi Price Predictions
- Uncertainty Around Mainnet Launch: The timeline for the Pi Network’s mainnet launch remains unclear, with a roadmap expected by December 2024. This uncertainty is a key factor influencing both short-term and long-term price predictions.
- KYC and Migration Deadlines: The September 30, 2024, deadline for KYC completion and migration to the mainnet is critical. This could lead to increased short-term activity and price volatility as users rush to comply.
- Community Engagement Initiatives: Ongoing community-driven strategies, including events and promotions by PiBridge, could bolster long-term user loyalty and adoption, impacting the price positively.
- Project Viability Concerns: Despite the network’s growth, skepticism about the project’s long-term viability, particularly due to delays in launching a tradable token, could negatively affect investor sentiment and price.
- Integration with Broader Ecosystem: Developments like those from PiBridge, which aim to integrate Pi Network with other blockchain platforms, could drive short-term interest and potentially increase the token’s utility and price.
Pi Network’s future hinges on its upcoming mainnet launch and ongoing community efforts. While potential price surges are possible, uncertainties remain. Therefore, treading the waters of volatility is cautioned.
