Pi Coin price prediction: Is Pi Network worth anything?

  • Pi coin is a highly popular cryptocurrency with over 35 million users.

  • PI/USDT has plunged on Huobi after the developers disavowed it.

Pi coin is one of the most popular and highly anticipated cryptocurrencies in the world. User metrics show that support for the Pi Network has been soaring in the past few months. Its official Twitter account has over 2 million followers, which is bigger than that of mainstream cryptocurrencies like Cardano and Polkadot.

Pi Network ecosystem is growing

Similarly, Pi Network apps are also highly popular, with the Android version having more than 50 million downloads. Further, Pi Browser has over 10 million users globally. At the same time, the network’s ecosystem is growing, with a number of developers building on the ecosystem rising. Some of the top apps that are being built in Pi are PiCare, Pi Chain Mall, and World of Pi Championship among others.

The number of Pi coin users has also been growing and currently stands at more than 35 million. In a bid to grow the ecosystem, the developers are carrying out a hackathon that will see developers showcase their applications. 

For starters, Pi Network is a platform that was launched in 2018 to offer better tools and features than Bitcoin and existing cryptocurrencies. As part of its strategy, the developers made it easier for people to mine the coin using their smartphones.

Mining Pi coin using a smartphone works using the Stellar Consensus Protocol (SCP), which uses the Federated Byzantine Agreement, which helps to ensure no energy waste and faster speed of transactions. In its ecosystem, Pi miners can become a pioneer, contributors, ambassadors, and node. Miners simply visit the app, confirm transactions, and then receive rewards, 

Is Pi Network worth anything?

There are several questions that are common about Pi Network and Pi Coin. For example, there are questions about whether the network is a legit one or a scam and whether it has a future. Other users have a question about how to convert their Pi coins into cash.

For now, it is difficult to come up with a Pi Coin price prediction since the network is still in an enclosed mainnet. As a result, it is unclear when the coin will be launched in major exchanges and the price in which it will start trading at. Most importantly, it is still unclear whether it will ever be launched on exchanges. Besides, Pi has been around since 2018.

It is possible to trade Pi today. In December, several exchanges, including Huobi Global listed PI/USDT which is supposed to mirror the performance of the real Pi coin. We wrote about this here. After soaring on its first few days, PI/USDT price has plunged by over 80% after the real developers disavowed the network.

Therefore, for now, Pi Coin is a wildcard in the crypto industry, and I don’t believe it is worth your time until it is pushed to exchanges. Pi Network is not worth anything even though the ecosystem is growing.

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Crypto price predictions: SUSHI, Immutable X, AGIX

  • SushiSwap price jumped as volume and revenue in DEX platforms rose.

  • Immutable X (IMX) did well after the launch of Passport.

  • SingularityDEX token could be forming a double-top pattern.

Bitcoin price held quite well this week as the market focused on the Federal Reserve decision, big-tech earnings, and the strong jobs numbers. As a result, the total market cap of all cryptocurrencies remained above $1 trillion even as the momentum appeared to wane. In this price predictions article, we will focus on a few cryptos that are doing well on Friday, including Immutable X (IMX), Sushi, and AGIX.

SushiSwap price forecast

SUSHI crypto price went parabolic as volume and revenue in decentralized finance (DeFi) rose. On the 4H chart, SushiSwap’s token climbed above the important resistance level at $1.48 (November 30 high. It also surged above the key resistance point at $1.4154 (January 22 high). 

This rally coincided with an increase in volume. In technical analysis, volume is one of the most important things that investors watch. In most situations, a major move that is not supported by volume does not last. Meanwhile, the coin has jumped above the 50-day EMA, which connects the lowest points between January 1 and 25. 

So, is it safe to buy SushiSwap? Therefore, with the flow of volume falling, I suspect that the coin will have a pullback during the weekend as investors start taking profits. If this happens, the key support level to watch will be at $1.4856.

SUSHI/USD chart by TradingView

How to buy SushiSwap

eToro

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Bitstamp

Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies. Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.

Buy SUSHI with Bitstamp today

Immutable X price prediction

Immutable X’s IMX price shot up this week after the company created Immutable Passport, as we wrote here. In all, the coin’s price surged to a high of $1, which was about 161% above the lowest point in December. On the daily chart, we see that volume has been tracking upward since December. 

IMX crypto also moved above the crucial resistance point at $0.7483, the highest level on January 25. It also rose above $0.7290, November 5 high. The bullish trend is supported by moving averages. But like SUSHI, I suspect that the coin is ripe for a pullback in the coming days. If this happens, the coin will likely retreat to the support at $0.7483.

IMX/USD chart by TradingView

How to buy Immutable X

Huobi

Start Your Cryptocurrency Journey Today. Huobi Global has a variety of features that make it an ideal place to buy and sell digital asset.

Buy IMX with Huobi today

AGIX price prediction

Artificial intelligence is taking over the world, especially following the launch of ChatGPT. This explains why SingularityNET’s AGIX price has been in a remarkable rally recently. The token surged to a high of $0.25 on Friday, the highest point since January 14. At its peak on Friday, the coin was up by 555% from its lowest point in December.

AGIX seems to be about to form a double-top pattern whose upper side is at $0.25. This view is supported by the fact that the coin’s volume has been trending lower. Therefore, there is a likelihood that the coin will have a bearish breakout in the coming days unless bulls push it above $0.25.

IMX/USD chart by TradingView

How to buy SingularityDEX

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