The Pi cryptocurrency has become one of the most popular crypto projects in the market. By looking at the way people keep coming back for more information about this currency and the different updates that the company comes up with, this application seems to have a great future.
In this digital era, everyone wants to have their work done pocket-friendly and the application does just that. Many people are diving into the world of cryptocurrency to generate coins and tokens for their profit and now, with the introduction of Pi, investors are on the run since the initial prices are low.
The reason why most analysts talk about its potential is because of the application’s commitment to fairness in the distribution of wealth and decentralization. This application teams up to clear irrelevant data and small errors and is consistent in bringing innovation. The mining system they introduced is also designed to be using only some resources which allows anyone to participate regardless of whether they own high-end hardware.
The cryptocurrency market is known for its volatility and uncertainty but Pi seems to have built a solid foundation because it aims for solid profit, not small returns. This approach will soon shift the perspective of how cryptocurrencies could function in the future. Pi Network is trying to break barriers by offering this easily accessible way for people to mine and use cryptocurrency, something that was initially restricted to people with great resources.
How To Buy Pi Coins?
As soon as the Pi Network’s mainnet went live, we saw how the users and investors worldwide had their eyes glued to the screen. This shows the amount of attention this platform has been getting and the increased chances for it to be successful.
There are many ways to buy Pi coins, mainly, the DEX and CEX routes. Although both these methods incur a fee, the application itself suggests this mode of transaction and I suggest users not take risks regarding payment as there are a lot of scam transaction methods out there, especially targeting relatively new digital currencies so that new people do not use them.
The DEX and CEX routes have similar steps, as follows:
Step 1: In both these platforms, navigate to BInance and log in on the exchange for transactions to be made in CEX. In DEX, to buy or sell coins, needless to say, you need to download the app once the mainnet is launched and add some cryptocurrencies to your wallet after you sign up. In CEX, the user will have to complete KYC that checks your identity.
Step 2: Once your coins are added to the account, connect the wallet to PancakeSwap.
Step 3: Pi will be available in the dropdown menu of the swap interface. If not, the user might have to paste the contract address for the token into PancakeSwap. Be careful about taking the address from the official websites as many scamming websites have very close interfaces and logos.
Step 4: After the token set is yours, you can choose the amount you want to buy and click “swap”. After a few more confirmations, the tokens will be transferred to your crypto wallet.
How Secure is Pi?
Pi has been struggling with its decentralization and continuous updates for security which aligns with trends going on in the market. As this application is more user-driven, inclusive, and focused on long-term growth, this app is expected to be secure enough.
Is Pi safe enough to invest in?
Even though Pi is known to be safe for its features and ease of use, many have been commenting otherwise about investing in Pi. One of the reasons Pi is unconventional as it is still a developing application. As Pi holds no real value, several analysts have been commenting on their uncertainty in investing in such a currency-to-be.
The funding sources of Pi are opaque, this fueled doubts about its financial instability. Pi had introduced its referral rewards system and this also raised several eyebrows claiming this is just another scam like the pyramid scheme.
Pi Coins Price Prediction
| Year | Minimum Price | Average Price | Maximum Price |
| 2024 | $81.45 | $96.17 | $114.31 |
| 2025 | $115.26 | $137.22 | $153.16 |
| 2026 | $154.49 | $173.85 | $192.51 |
| 2027 | $194.53 | $231.12 | $257.68 |
| 2028 | $259.21 | $282.35 | $314.46 |
| 2029 | $315.19 | $342.63 | $389.84 |
| 2030 | $396.88 | $427.56 | $468.73 |
Future Challenges Pi Network May Have to Face
With the rising attention towards the Pi network, it may be difficult for the application to regulate the prices with stability. We know how volatile the crypto market can be and this sure could be quite a hustle.
The Pi network will also have to expand the coin’s utility and make strategic partnerships to make the Pi market around as an everyday transaction. Currently with massive community backing the application, Pi is in a decent position in the market, well enough to complete its long-term goals.
Read more: How to Sell Pi Coin? Effective Steps!
Conclusion
In my opinion, Pi Network’s mainnet seems to be a legit account and the future of this application also seems promising as the team consistently works even on “potential risks or issues”. Even though there is no actual value for the Pi coins, as of now, there are high chances that it will be worth a good amount in the future considering the attention it is gaining which will bring forward more investors betting their money on it.
Even though there are allegations that the security of the game is not strong, the application seems to have proved everyone wrong by regularly upgrading their policies about privacy concerns.