Will PI ever come out?
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Key Takeaways
Despite launching in March 2019, the Pi Network’s PI coin is still unavailable on the open market.No date for the platform’s #mainnet launch has yet been announced, although 13 million people have passed their Know Your Customer checks.The value of PI IOUs is around $31, which would give the #PiNetwork Crypto a fully diluted market cap of more than $3 trillion.Based on PI IOUs, we predict that Pi Network could drop to at least $25.20 next year.
More than five years after it was first announced, the much-touted Pi Network cryptocurrency is still unavailable on the open market. Despite that, the coin is still one of the most hotly discussed cryptos out there.
However, the value of Pi Network IOUs stands at around $31 as of Sept. 12 2024. This, if every one of every one of PI’s 100 billion coins came onto the market, would give PI a #marketcap of more than $3 trillion, making it the world’s biggest crypto.
Pi Network did not immediately respond to a request for comment.
Let’s take a look at our Pi Network price predictions, based on the value of Pi IOUs, made on Sept. 12 2024.
Pi Network Price #Prediction
Here are some Pi Network price predictions, made by CCN on Sept. 12 2024 and based on PI IOUs. Keep in mind that price predictions, especially for something as volatile as cryptocurrency, very often end up being wrong. This is especially true when it comes to making price prediction for something as speculative and hypothetical as PI.
Minimum PI Price Prediction
Average PI Price Prediction
Maximum PI Price Prediction 2024
$18.96
$23.70
$28.44
2025
$16.80
$21
$25.20
2030
$21.20
$26.50
$31.80

The most likely wave count for PI shows a completed five-wave upward movement (white) that started in May 2023.
Then, it started an A-B-C corrective structure and currently is in wave C. If wave C has 0.618 times the length of wave one, the price will reach a bottom at $19.65.
Giving the correction the same length as the upward movement implies this low will be reached in Jan. 2025.
During this decline, the PI price prediction for the end of 2024 is at $23.70.
Since it is unclear if the move after the low will be corrective or a new impulse, we will use the daily rate of increase since the May 2023 bottom to arrive at our PI price prediction for the end of 2025 and 2030.
Doing so gives PI price predictions of $21 and $26.50 for the end of 2025 and 2030, respectively.
PI Price Prediction for 2024
Our PI price prediction that uses the wave count gives a target range between $18.96 and $28.44 for the end of 2025.
PI Price Prediction for 2025
The PI price prediction that uses the wave count and the rate of increase gives a target range between $16.80 and $25.20 for the end of 2025.
PI Price Prediction for 2030
Our PI price prediction that uses the wave count and the rate of increase gives a target range between $21.20 and $31.80 for the end of 2030.
Pi Network Average True Range (ATR): PI Volatility
The Average True Range (ATR) measures market volatility by averaging the largest of three values: the current high minus the current low, the absolute value of the current high minus the previous close, and the absolute value of the current low minus the previous close over a period, typically 14 days. A rising ATR indicates increasing volatility, while a falling ATR indicates decreasing volatility. Since ATR values can be higher for higher-priced assets, normalize ATR by dividing it by the asset price to compare volatility across different price levels. On Sept. 12 2024, Pi Network’s ATR was 2.26, suggesting relatively low volatility.
Pi Network Relative Strength Index (RSI): Is PI Oversold or Undersold?
The Relative Strength Index (RSI) is a momentum indicator traders use to determine whether an asset is overbought or oversold. Movements above 70 and below 30 show over and undervaluation, respectively. Movements above and below the 50 line also indicate if the trend is bullish or bearish. On Sept. 12 2024, the PI IOUs RSI was at 36, indicating a bullish trend, but with PI not yet oversold.
PI Price History
Here is a price history of Pi Network IOUs. Keep in mind that these are hypothetical prices and could well have no relation to the actual price of PI if it ever launches. Even if they do, past performance is no indicator of future results

Time period PI Price
One week ago (Sept. 5 2024)$33.13
One month ago (Aug. 12 2024)$37.97
Three months ago (June 12 2024)$39.17
One year ago (Sept. 12 2023)$40.98
Launch price (Dec. 30 2022)$48.60
All-time high (Dec. 30 2022)$330.65
All-time low (April 7 2024)$0.1764
Pi Network Market Cap
The market capitalization, or market cap, is the sum of the total number of PI in circulation multiplied by its price. With a purported maximum supply of 100 billion, should every PI come onto the open market, Pi Network would have a market cap of more than $3 trillion. This would make it, by quite some distance, the largest cryptocurrency.
However, there are no clear tokenomics, let alone a mainnet launch date for PI, so this data should be treated with a pinch of salt.

From the Pi Network Whitepaper
In its technical documentation, or whitepaper, Pi Network claims to be “ the first digital currency for everyday people, representing a major step forward in the adoption of cryptocurrency worldwide”.
What is Pi Network?
In the world of cryptocurrency, one of the most common ways to make money is through mining crypto. In the case of such coins as Bitcoin (BTC), involves solving an increasingly complex set of mathematical equations. There is, however, one problem with this. As more people get involved with mining, the difficulty level rises. This not only puts individuals off mining, it also causes a significant power demand, thus damaging the environment.
Pi Network is a crypto platform that aims to make mining crypto simple. Rather than go through the rigmarole of solving equations, people simply tap a button on a mobile phone app to mine the system’s native token, known as PI.
American academics Nicolas Kokkalis and Chengdiao Fan of Stanford University founded the Pi Network in 2018. It officially launched on March 14 – the so-called Pi Day – the following year.
How Pi Network Works
Within the Pi Network, there are four types of users. Pioneers mine the coin, contributors give the network a list of trusted users, ambassadors bring new users onto the network using a referral code, and nodes supply computing power using their home computers.
Pi undergoes periodic “halving” to ensure its scarcity. Halving refers to the reduction of the number of coins a miner receives for processing new transactions by half. This typically occurs when it reaches a specific milestone.
The mining rate for PI initially halved from 1.6 π to 0.8 π per hour when the user count reached 100,000. It halved again to 0.4 π per hour at the one million user mark, and again to 0.2 π per hour when there were 10 million users. These rewards will continue to halve, ultimately reaching zero when the network hits one billion users.
Is Pi Network a Good Investment?
It is hard to tell. Remember that the idea of PI has been around for a very long time now but an actual, real, proper, tradeable token could be some way away. It is, frankly, anyone’s guess as to when PI will come out and how it will respond to being on the open market.
Will Pi Network Go Up or Down?
No one can really tell right now. In fact, in a very real sense, there is neither an up nor down, simply because any price stands based on IOUs and could well have little relation to any actual price if PI ever comes onto the open market.
Should I Invest in Pi Network?
This is a question that we can’t really answer, simply because, in any meaningful sense, there is nothing to actually invest in.
Technical Analysis by Valdrin Tahiri
FAQs
How Many PI Are There?
PI has a reported maximum supply of 100 billion. However, none of them are on the open market as of Sept. 12 2024.
Will PI Reach...?

What is PI Used For?

Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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