The mining process is based on the number of active users in your network instead of computational power. Users install the Pi app, apply an invitation code to join, and then check in each day to mine PI coins and increase their mining rate.
Pi Network is a crypto asset project allowing mobile users to mine Pi coins without draining the battery. But many say the Pi Network is allegedly a scam project. Pi Network claims to be a cryptocurrency. This is very contrary to the status of crypto in Indonesia, which is only limited to assets, not as currency.
Pi Network explained
The app is used to mine the Pi cryptocurrency, with users pressing a button every 24 hours. Users get an invitation code from a member to join the app. The platform has a referral system in which users earn extra money based on how many new users they sign up.
What is the worth of the Pi cryptocurrency? As of February 2023, Pi coin is an unlisted token that is basically worthless. As a result, no historical data on the Pi Network's performance is available because the token has yet to be listed on any cryptocurrency trading exchange.
Investors can mine the Pi coins through the app. Later, when this crypto goes live and gets listed on the exchange, they can sell it or trade it to earn money.
The Pi coin has the potential to reach $100, but it might take the digital token several years to reach this milestone because there might be a huge supply of Pi tokens, which would force its price to fluctuate to keep a reasonable market cap.
1 PI = 24.46 USD
How does the market feel about Pi today?
To obtain it, you need to mine Pi for three days and add 5 users to the circle of trust.
It estimates the Pi coin's price will reach a minimum of $27.60 or a maximum of $40.81 in 2023. In 2024, the Pi coin is estimated to reach a maximum of $69.00. CoinDataFlow estimates the Pi coin will reach $222.94 in 2030 and $250.79 in 2032.
The Pi Core team has comfirmed in its 2022 end-of-year update that Pi Network is currently at a significant phase of its enclosed mainnet development, the final stages of transition to a open mainnet – fully decentralized, access to the other blockchains, and enable Pi coins to trade with other cryptos or fiat ...
No value as of March 2023
Thus, selling the PI coin on any exchange online is impossible. Also, it doesn't exist on a live blockchain, and there's no wallet. Regarding mining, it's crucial to comprehend that traders in the cryptocurrency market can access the PI application from their smartphones by clicking a button.
Pi Coin Price Prediction Summary
Experts predict that the Pi coin will be worth $35 by the end of 2023. End of 2025 - Should the Pi network ecosystem continue to expand, the token could be worth around $50 by 2025.
Current value of 700 PI in USD is 1.53 USD
This is the real-time data fetched from our partnered price aggregators. At the moment, you are looking at the conversion of 700 PI when 1 PI is valued at 0.0021 USD.
Despite being so rare and unusual, Pi is presently not available anywhere. However, one can obtain Pi coin only via mining as it has not yet been listed on any cryptocurrency exchanges in India or anywhere else.
More and more people are yearning for a digital life, and the pi Network is expected to reach $1,000 in the future.
FACT: Pi Coin reportedly overtakes Bitcoin, Ethereum, Litecoin, Binance BNB and Solana in less than 24 hours of listing on exchanges.
This is also determined by the market. The Pi coin is expected to be worth $2 in 2023, and the Pi network is expected to be worth $11 or $14 by the end of 2023. The price of the Pi network will skyrocket in 2024, with Pi Coins trading around $18 and potentially reaching $68 by the end of the year.
The most common way of converting PI to BTC is by using a Crypto Exchange or a P2P (person-to-person) exchange platform like LocalBitcoins, etc.