Pi Network: Rising Star of Crypto World – Can you become a millionaire with ₹650?
New names keep coming up in the cryptocurrency market, but very few projects are such that they grab the attention of people as much as Pi Network has done. Now that the Open Mainnet of Pi Network has been launched, the eyes of crypto traders and investors from all over the globe are on this project. But the biggest question is – can Pi Network really give a return of lakhs with ₹650? Let’s know the whole story.
Launch of Open Mainnet – A New Chapter
While the Pi Network was in closed beta, people were only mining inside the app. Tokens had no real value, just an IOU (I Owe You) system was running. But now after the launch of Open Mainnet, users can send their tokens to external wallets, and can also trade on selected exchanges. This will now finally determine the real market value of Pi, and the period of speculation will be reduced a bit.
The average market price of Pi at this time is around $0.73. But price predictions are so varied that every investor’s mind can spin.
What is the price of Pi now?
CoinCodex believes that Pi can reach $5.27 by April 2025. That means if you invest ₹650 (approx. $7) now, you can get a return of 370% in a year.
CoinMarketCap is a bit more optimistic. They say that Pi can reach $64.92 in 2025, with an average of $56.92.
The most fearful forecast is of BTCC. They say that if adoption remains fast, Pi can reach the $150-$200 range by mid-2025, and can even reach $300 by the end of 2025.
But some hardcore Pi supporters have even predicted the price to go up to $314,159 – which is clearly unrealistic and does not match market trends.
What things make Pi special?
- Large User Base
Pi already has 19 million+ users, and more than 10 million people have now shifted to Open Mainnet. Such a large community is a strong point for any crypto project.
- Mobile Mining
Mining in cryptos like Bitcoin or Ethereum is done with expensive hardware. But Pi Network is a platform where you can mine with just a smartphone. This increases accessibility considerably.
- Expansion of the ecosystem
Pi is developing not just a token, but a whole ecosystem – like Fireside Forum, ad network, and 100+ applications that will make the network more valuable.
Not everything is rosy
Regulatory Concerns
In 2023, China’s regulators declared Pi Network a “financial pyramid scheme”. Due to this many investors became cautious.