Cryptocurrency mining is a complex computing process that usually requires special equipment to be used. Powerful video cards are used for mining Ethereum while Bitcoin is mined with the help of ASICs which are even more expensive. The developers of Pi Network decided to make their cryptocurrency more accessible. Any owner of a smartphone can mine PI crypto.
While Pi Network is very popular among the users, the future of the PI cryptocurrency is not so clear. Even though Pi has not yet been listed on Changelly, we follow its work and try to talk about top-rated news. Furthermore, lots of young or experienced cryptocurrencies which you can easily swap are presented on Changelly.
PI Coin Fundamental Value
The main goal of the developers was to create a simple and convenient platform for cryptocurrency and smart contracts that would not without the usual serious energy costs. This team has created a simple application that can both extract the new token and store it.
PI mining app was launched on March 14, 2019, and in June, the number of active users exceeded 100,000. Many users consider it to be highly convenient and intuitive mining tool the same way as Changelly app. Everything is explained so profoundly, but in an understandable form, so users do not have problems with it.
The main advantages of PI crypto are:
Simplicity. A user who has never heard of Bitcoin and cryptocurrency before will be able to mine PI crypto money without a struggle. We have the step-by-step guide on how to mine PI cryptocurrency;
Fair distribution. The number of coins mined does not depend on the capacity of the device;
Extra earnings. Users who contribute to the development of the platform receive a reward.
Since Pi Network cryptocurrency allows for mining without contributing your computing power, this coin might be interesting to anyone willing to expand their crypto portfolio. The mining power and multiplying coefficients depend on the amount of referred users, among other things.
The mining speed for active referrals is calculated according to the formula:
X * 25% * (0.39Pi/Hr + 0.39), where X is the number of referrals
Thus, for 10 active referrals you will receive:
10 * 25% * (0.39Pi/Hr + 0.39) = 1.975 Pi/Hr (1.975 Pi coins per hour)
PI cryptocurrency has become pretty popular among miners: the number of active users reached 1 mln in November 2019.
According to Google Trends, the peak of the coin’s popularity was in August 2019, when the number of users was growing the most actively.
In two months, Pi Network attracted about 200,000 users:
Influencers Projections on Pi Network
It should be noted that Pi Network is being mostly promoted by users themselves. They describe the advantages of the platform and provide referral names to boost their revenue. The scheme seems to work perfectly.
The project is relatively young but promising – miners do not doubt its potential.
Opinions on Pi Network
The developers and the crypto community are very optimistic about PI cryptocurrency price in the future:
Pi Network Price Prediction
The current price of Pi Network is nothing. The developers are planning to build blockchain and infrastructure. The last phase will be the start of trading. Only after these events, the actual price will occur.
Although there are no certain Pi Network price predictions on the Net, we suggest that PI will cost $0.16 by the beginning of 2021, its price staying at the same level. The app is in beta version, so the coin’s price is not likely to change in the upcoming months.
A lot will depend on the number of users and exchanges accepting or rejecting PI coin. In the best case, PI price prediction by the end of 2021 is $1 – Pi Network crypto value should raise to create conditions for healthy growth.
It is hard to predict Pi Network value in 2025 since this is too long term, and the project is very young. However, the price of PI might raise to $5 and higher if the network will be properly developed. Cryptocurrencies with unique features and value always manage to get a piece of the pie.
Investing in crypto, you should thoroughly find a user-friendly service with fast and secure transactions and a big list of cryptocurrencies. By the way, Changelly supports more than 150 coins that you can swap in a couple of minutes.
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment instrument.