The Pi coin is one of the most discussed and controversial cryptocurrencies after Bitcoin, Ethereum, and Dogecoin. The Pi Network app, developed by three Stanford professors, has over 10 million downloads on the Google Play Store and App Store. As of 2021, everyone can get free Pi coins by keeping their Pi coin app open once a day.
I am always skeptical of things like investing in Bitcoin and other cryptos and investing my money into any business. So today, I thought of discussing how you can simply invest your time in earning Pi coins, and in the long run, you make money off it and what its future value could look like. Without any further ado, let's get started.
What is Pi coin?
The pi coin is available to everyone for free to earn free coins before it goes live on the crypto market (exchanges). You can simply download their app on the Google Play Store or App Store, set up an account, stay active and participate in the community.
The Pi Network boasts 10 million users, who can freely earn Pi whenever they enter the app through a referral code and stay active there. A friend of mine wanted me to join through his referral code, and I ended up getting 1 Pi coin. His rate of earning Pi coin per hour also increased from 0.48 to 0.58π/hr. To increase your Pi per hour rate, you have to invite more people to increase the speed of your Pi earnings.
In his video, a famous YouTuber revealed how he somehow manages to make 20π/hr and has gained over 10,000 Pi in his Pi app wallet.
Note: If you aren't active on the app, your per-hour rate won't reflect.
★ What is the current value of the Pi coin?
Currently, the value of the Pi coin isn't available. It has no value. The value of any currency is only known when it is available for sale on crypto exchanges. So when a coin can't be purchased, it's pretty much valueless. This is why earning Pi coins is free till now. Until Pi coin is listed on the crypto market, its real value can't be known.
★ Should you trust Pi coin now?
Well, the team behind this cryptocurrency is very legit and credible. I've made a thorough research on the network, and since its major developers are Stanford professors and the founder of the second most-traded cryptocurrency in the world – Vitalik Buterin (Ethereum), is said to be involved in the core development of the project, I see no reason why the network should come out a failure, and you shouldn't trust them.
I'm my opinion, holding 1k+ Pi coins for the sake that it ends up giving out real money in the future is something you shouldn't look away from. Once the coin is officially launched, you might then sell it and at least earn something.
★ What are the future plans of the Pi Network?
According to the developers, – "We plan on making this currency a top-notch in demanding cryptocurrency. We would also be introducing a marketplace where people can buy products digitally using their Pi coin credits, right from their Pi Network app".
They also stated how they would let people buy Pi coins for some expected price which might vary with the demand and supply. So, in the future, you could buy products online using your Pi coins or sell your Pi coins to someone else in exchange for fiat currency or another type of cryptocurrency, based on an expected price fixed by the demand and supply of the coins.
★ What is the expected value of Pi coins in 2022, 2025, and 2030?
To be honest, nobody in the world could correctly nail the price of the Pi coin in those stipulated years, but these are my estimations.
If you looked into the price of Bitcoin in 2013 (8 years ago), Bitcoin was selling for under $20. As of writing this article, Bitcoin is priced at $60,000. What does this show? This shows the variability and the possibility.
The variability that the price could be higher or lower than any expected price, and the possibility that it might touch the sky.
My estimated values for the Pi coins:
• 2022 – $0.01 to $0.5
• 2025 – $0.5 to $1
• 2030 – $5 to $10 (or somewhere in between it).
This estimation is based on two factors;
1). Pi Network future plans – To build a marketplace and their ideas on making Pi coin a paid entity.
2). They have such a huge followers base that understands the interface and specifications of their app and they're able to invest or sell their coins, making it an ideal cryptocurrency to buy.
★ Why is Pi coin-free?
You might be wondering why anyone would give you a free cryptocurrency. Well, I was wondering about it the same way and when I installed the Pi coin app, I got my answer.
Pi Network uses my phone as a mining machine. To mine what? To mine other cryptocurrencies. Yes! That's right. Cryptocurrencies are now everywhere on the internet like petal flowers, many blockchain and crypto experts have estimated that the Pi coin might be worth $200. Remember, the values are based on estimations or personal guesses, so for now, you aren't going to be rich because of Pi coins, as it might take very long to even reach a mere $10 mark.
Note: Dogecoin which has gained a lot of mainstream in the world of cryptocurrency, has a price stand of less than $0.5. So, Pi coin might not be more than $1 in history too.
Disclaimer: None of these should be construed as investment or financial advice. They're just opinions and we urge everyone to do more deep personal research before investing their time and energy anywhere.
Make sure you check out our other blog posts for more information about the crypto market and trending entertainment headlines. Thanks for reading!
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