Pi Network News: Long-Term Predictions and the Potential for $1 by 2030?

The latest Pi Network news suggests that the somewhat controversial crypto mining project might be in a spot of trouble. Following years of mystery, the Pi Network's native PI token finally launched this year and momentarily saw its market capitalization exceed $10 billion, according to CoinGecko.

Pi Network is a Layer-1 project built around the concept of "free" mining that can be carried out through a mobile application. According to the team and official website, the core focus is creating an equitable and accessible mining solution.

The Pi Network allowed mining for years prior to its launch, and many experts actually claimed it was never going to launch. Since the TGE event earlier this year, PI has seen its market capitalization rally to over $10 billion but has since started giving up gains.

The latest Pi Network news suggests more negative price action could be on the way and reinforces the argument made by some that Pi Network lacks the technology to produce long-term returns.

Arguably, BlockDAG has a more comprehensive approach to mining than PI.

The best way to approach PI is to analyze the latest news, compare it to a Layer-1 project like BlockDAG that offers high-level technological solutions, and take a look at PI price predictions.

The Pi Network news cycle has been a mix of highs and lows. After years of anticipation from users mining the coin via a mobile application, Pi Network finally went live in March, and since the TGE, it has continued to generate controversy.

The first notable news update surrounding PI has been its price action. Following an extremely successful launch, PI surged to an all-time high of $2.99. However, since then, the price action has taken a downturn. PI has given up over 60% from its all-time high, leaving it trading around $1.1.

Another notable Pi Network news story has been about exchange listings. Despite the project's multi-billion market capitalization, it has failed to secure listings on some of the top exchanges, including Binance, Coinbase, and Crypto.com, which has left the community frustrated and arguably impacted the price action.

To further enhance the security of its wallets, Pi Network has introduced two-factor authentication (2FA). As the team stated in a press release, “2FA and the Pi ‘return’ features are meant to ensure, as much as possible, the security of Pioneers’ Pi and accounts. 

Due to the nature of blockchain where transactions are immutable, and the Pi Wallet is noncustodial, these features provide extra caution and make sure that Pi is sent to the rightful Wallet owner.”

PI is primarily used to reward the decentralized miners that support the Pi Network through a mobile mining application. According to the team, there are millions of miners worldwide contributing to the network. The tokens are also used to incentivize developers to move to Pi, and according to the website, these developers benefit from gaining access to over 60 million crypto users.

The tokenomics of PI reveal a maximum supply of one hundred billion tokens. The circulating supply is approximately 6.8 billion, according to CoinGecko data. This discrepancy between maximum and circulating supply is a point of concern for some analysts.

The PI token’s price action has been extremely volatile since its launch. Source: CoinGecko

Following the PI Coin launch, the PI price surged to just under $3, which made it one of the most valuable projects on the market by fully diluted market cap, at just under $14 billion.

The short-term moving averages have moved into the sell zone as PI has given up over 60% from its all-time high. This suggests that the recent price decline may continue, and traders are advised to exercise caution.

While there’s no doubt that the PI price action has been more bullish than many may have expected, the real question now is if the crypto will hit a new all-time high in 2025 and continue to post gains in the long term.

The Pi Network price predictions are based on fairly limited data. The coin only went live a few weeks ago, and some questions still remain about its supply growth trajectory. However, there's no doubt that PI has performed better than most expected so far, and overall, the PI price predictions paint a positive picture for the bulls in 2025.

CoinCodex has issued a bullish PI price forecast for 2025. According to their official report, PI will post up to 100% in gains before the end of the year. While this is certainly positive, it does still leave PI trading below its all-time high.

CoinGape has taken a bearish position on PI for 2025. According to their analysis, the PI price will continue its downtrend and finish the year below $1. This suggests that up to 80% of gains from its all-time high will be erased by the end of 2025.

BeInCrypto's Pi Coin price prediction for 2025 is fairly bullish. Their most positive price targets suggest that PI could hit a new all-time high before the end of the year.

Arguably, it's very early days to be trying to predict where PI will be at the end of the decade. The coin only went live in March, and it's not clear if it has the potential to hold onto its position as a top 20 crypto by market capitalization. The level of uncertainty explains the mixed 2030 PI price predictions issued by leading outlets.

CoinCodex has issued a bullish 2030 PI price prediction. They see the PI price moving above $3 and possibly even reaching $4.7. This would entail a 400% rise from its current price point but only a minor increase on its current all-time high.

CoinGape has taken a bearish position on PI for 2030. According to their 2030 PI price prediction, PI will suffer considerable downside towards the end of the decade, leaving it trading well below $1.

BeInCrypto has issued a very bullish Pi Network price prediction with a target of up to $7 for 2030, but they do explain that this assumes a major crypto bull run.

Pi Network has performed well, considering the somewhat opaque nature of the project. As things stand, its market capitalization is above $10 billion, making it one of the most valuable networks on the market. The PI price action has been bullish, but it has given up a considerable amount of its TGE gains.

Arguably, the biggest threat to Pi Network is its lack of clear utility. While it boasts a large user base, the actual use cases for the PI token remain limited, especially with the closed mainnet.

BlockDAG, on the other hand, offers clear utility through its crypto profit calculator, Layer-1 consensus mechanism, and mining ecosystem. These features provide tangible value to users and developers, making BlockDAG a leader in blockchain utility.

Arguably, due to the clear utility of BlockDAG and the fact that the BDAG token is still in presale, it could be a more profitable long-term investment. The project's technological advancements and focus on real-world applications give it a strong foundation for growth that doesn’t rely solely on speculation.

The majority of price predictions for PI suggest it may not reach new all-time highs, while BlockDAG's tiered presale means that it is going to continue hitting new highs all the way up to token launch. This difference in potential price appreciation highlights the contrasting opportunities offered by the two projects.