Pi Network: The Evolution of Mobile Mining and Its Future Prospects

Bittime - Pi Network is a cryptocurrency project that enables mining through a smartphone app without significant fees. Launched in March 2019, its mission is to bring crypto adoption to the masses.

Now, with KYC procedures, an open mainnet, and the v23 protocol upgrade, Pi remains a hot topic.

Moreover, PI's current price hovers around $0.35—at a time when many cryptocurrencies are fluctuating—making this project an interesting prospect for further analysis.

Pi Network (PI) Price

According to CoinMarketCap, the current price of Pi Network (PI) is at $0.3559 per coin with a 24-hour trading volume of $31.9 million USD, ranking it 41st by market capitalization with a value of around $2.84 billion.

Pi has a circulating supply of 7.99 billion PI, out of a maximum total of 100 billion PI.

Also read: Experts Predict Pi Network Price: How High Can It Reach?

v23 Upgrade and Price Performance Analysis

Pi Network recently implemented the v23 protocol, which includes Linux Node support and more robust KYC, among other things.

However, the PI price is relatively flat—around $0.34 to $0.36—with bearish technical signals such as the 20 EMA and negative CMF.

Potential Price Driving Factors

• Mainnet Rollout & Exchange Listing: The chance of price increase depends on the launch of the open mainnet, appearance on various exchanges, and growth of the user base.
   
• Long Term Projections: Some predictions suggest the average PI price in 2025 could reach$0,3556, with the possibility of up to $0,5193.

Also read: How Much Will Pi Network Be Worth in the Future?

Pi Network Technology and Tokenomics

Pi Network uses a consensus algorithm based on the Stellar Consensus Protocol, enabling lightweight mining on smartphones. 

The maximum token supply is capped at 100 billion, where 80% distributed to the community and 20% for core team with synchronous unlock scheme.

This is designed to maintain decentralization and ensure that teams can only receive coins after the community has earned their due.

Pi Price Outlook in the Future

Pi's price is heavily influenced by three main factors: Mainnet migration, token unlock, and ecosystem growth.

Mainnet Migration: Over 12 million users have already migrated. The postponement of referral bonuses until the end of 2025 has curbed selling pressure, but further token unlocks could depress the price, as happened in July, when the unlock of 337 million PI caused a 23% decline.

Token Opening: By July 2025, approximately 276 million tokens will be unlocked, with an additional 1.4 billion to follow by 2026. The concentration of ownership (10 wallets control 82% of the supply) poses a risk of centralization and selling pressure.

Ecosystem & Listing: Innovations like Pi App Studio and fiat integration increase the token's utility. Rumors of a Binance listing are also a potential catalyst, as is a 2025 listing on OKEx that drove a 42% surge in volume.

Pi's prospects are poised between the bullish potential of the ecosystem and the bearish risks of large token unlocks. The key question is: can real adoption balance the supply pressure by 2026?

Also read: Pi Network Migration: Everything You Need to Know!

Project Risks and Challenges

Despite its large community and easy access via mobile, Pi Network faces criticism regarding its legitimacy—whether it can truly become a valuable crypto asset.

In addition, stagnant prices and high volatility make investors need to be careful before betting big.

Adoption Potential and Future

If the mainnet is truly open and Pi successfully lists on major exchanges, this could drive adoption and strengthen the ecosystem—especially with the development of Pi apps. Its open infrastructure and smartphone support give Pi unique potential as a bridge to Web3 adoption.

However, long-term sustainability depends on real utility as well as global regulation of crypto.

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FAQ

What is Pi Network?

Pi Network is a cryptocurrency that allows users to mine PI through a smartphone app, using an energy-efficient consensus model based on Stellar.

How much does Pi Network currently cost?

Based on CoinMarketCap data, the current price of PI is around$0,3559per coin, with a market capitalization of around$2.84 billion.

What is the Pi Network v23 upgrade?

The v23 upgrade includes Linux Node integration and a stricter KYC system to support the transition to open mainnet and strengthen security and decentralization.

Does Pi Network have a future?

The potential exists with an open mainnet, listing on major exchanges, and growing application utility. However, challenges remain in terms of legitimacy, regulation, and unstable pricing.