Does Pi Coin Really Worth $40-$50? - Price Prediction
Mining apps are getting very famous in 2024. And the reason is you can literally earn free coins or tokens by doing some simple task like daily mining on your phone. You can earn the coins before listing in the market and sell them after listing and book profit. Also, it's very easy to use the mining apps, that's why almost every user can participate and earn free coins.
Pi is one of the most user-based mining app. People can simply mine Pi coins through their app.
What Is Pi Coin?
Pi is a web3-based social platform where anyone can join their app and mine Pi coins for free on their smartphone. The Pi mining started in 2019 and now it is 2024 and Pi crossed 50M+ active users on their app. Miners can simply mine Pi coins without draining their phone's battery or any other energy that may harm the environment as well.
So you can earn Pi coin by mining their app. Every person may have a different hourly mining rate as per their mining power which varies on their team activity.
The Pi mainnet is already live and you can transfer your coin from one to another address. As per the team mentions the Pi network is not only a social mining app, Pi also offers community developers the ability to develop a decentralized app (dApps) for millions of pioneers. In future, even now some where people can directly pay from their Pi wallet and shop for different things. It also applies to offline shops.
1 Pi Coin Value $40-$50?
If you search and check the Pi coin price online you can see the price showing currently 1 Pi is worth $50 and it ranges between $40-$50. But do you think this is the actual price of a Pi coin?
People have been mining Pi coins since 2019, so people have thousands even millions of Pi coins in their wallet. There are also millions of Pi miners. So it's not possible to distribute millions dollars per person as an airdrop.
You can check many crypto exchanges like HTX, Bitmart, and SuperX. The value of Pi is trading around $50 now on these exchanges. Clearly, this is not the actual Pi which is currently trading on exchanges. Because The Pi team clearly mentioned that Pi coin is not live for trade now and they are not involved in any way with the exchanges they listed Pi. That means this is not the official listing of Pi.
You can also notice you can not deposit or withdraw your Pi coins directly in exchanges for buy-sell. So currently listed Pi coin is a fake Pi coin created by the exchanges. And the actual price of Pi coin is not related in any way to this current price.
What Is The Value Of Pi Coin Now?
No one knows the actual value of Pi coin Since it is not listed yet. But we can predict the Pi coin price by the project funding, team, use case, Pi coin supply, etc.
Since the Pi coin supply is not clear (100M), in pre-market you can buy or sell Pi coins and it ranges from around $0.70-$0.90. Although the price is not fixed it varies on the Buyers and sellers and depends on the platform you are trading your Pi.
Can You Buy Or Sell Your Pi Coin Now?
As we know we currently can't deposit our Pi into exchanges and sell since it is not a real Pi coin. But you can definitely buy or sell Pi coins at this moment.
Major of Pi users are using P2P (Person-to-person) trading to trade (buy or sell) Pi coins. Also, there are many platforms where you can directly buy or sell Pi coins manually. But there has some risk factors before you want to trade Pi coin on the pre-market via 3rd party platforms or P2P. Be sure you trust the platform or the P2P person to avoid scams or money loss.