Pi Coin, launched in 2019 by Stanford graduates, allows mobile-based crypto mining. It aims to make mining easy for everyone.
Pi Network claims to have over 110 million active users, but trading remains restricted due to its enclosed mainnet status.
Current Price and Market Performance
In March 2025, Pi Coin is valued at about $1.39, with daily trading volume over $700 million. Despite early success, it dropped 22% this week due to market volatility and investor doubts. Since trading is limited to the Pi Network ecosystem, public market access remains unavailable.
Future Prospects
Pi Coin’s future is uncertain but promising. Supporters believe a launch on Binance or Coinbase could boost its value. Some forecasts predict Pi could surpass $500 by 2030 if adoption increases. However, delays in the open mainnet raise doubts about the project’s ability to deliver. The Pi Network team insists they are focusing on security and scalability before opening trading.
Criticism and Controversy
Pi Network faces criticism for its prolonged enclosed mainnet. Users can’t freely trade or cash out, raising doubts about its legitimacy. Transparency issues persist, with unclear details about the network’s consensus algorithm and future plans. Some see it more as a social experiment than a true cryptocurrency.
Binance Listing and Market Impact
News of a possible Binance listing has excited supporters. A listing could increase demand and price. However, delays and poor communication have frustrated many. Without an open market, Pi Coin’s value remains speculative.
Conclusion
Pi Coin aims to simplify crypto mining and increase adoption. Its large user base and strong community suggest potential. However, the closed mainnet, delays, and transparency issues create uncertainty. The next few months will be key to Pi Coin’s future.