Pi Coin: A Detailed Look at the Stanford Cryptocurrency That Has Gained 50M Miners Despite Its Delayed Market Launch

Pi coin, which was launched over five years ago continues to spark debate within the crypto community, even despite its delayed market launch.

The cryptocurrency was initially set for release on 31 December 2024.

However, this date was pushed further back to the first quarter of 2025. Pi Coin now has over 50 million miners—even without an official launch, as well as an off-market value of $51.

If and when this launch does happen, can Pi coin price really succeed where Bitcoin falls short? Can Pi coin beat Bitcoin in terms of use case and price performance?

What Sets Pi Network Apart?

Pi Coin has an interesting history, just like most of its rivals.

It was founded by two Stanford University developers who wanted to create a user-friendly alternative to Bitcoin.

While Bitcoin can be quite expensive to mine, Pi provides a solution to this issue, by allowing anyone to participate with regular household devices like smartphones.

This significant change in accessibility has played a major role in improving crypto mining.

It has also made the process highly feasible for millions of people in emerging markets, with its mission to change the way cryptocurrencies are used in commerce.

For example, it is a lot unlike Bitcoin, which has largely become an investment vehicle.

Pi aims to be a widely accepted digital currency, and its developers claim that over 27,000 businesses are ready to accept the cryptocurrency upon launch.

This stands as a promising start for Pi, when it comes to achieving this goal.

Pi Coin’s Growing Popularity

The cryptocurrency has also gained popularity since its inception in 2018 with over 50 million active miners who refer to themselves are “pioneers”.

Its browser has also gained over 100 million downloads and 9 million migrations to mainnet.

The Pi network team has been cautious about launching its mainnet, due to concerns about making sure that the system is capable of supporting public trading.

The Pi Network has even extended its Know Your Customer (KYC) grace period multiple times, with the most recent one being 31 January 2025.

Pi Network Price Predictions for The Rest Of The Year.

Based on the current value of the Pi IOUs, analysts believe that the cryptocurrency will experience moderate price growth once it officially launches.

If the bullish momentum holds up, Pi Coin’s value could reach an average of $65 and even peak at around $90 by the end of the year.

Investors must remember that these predictions are based strongly on speculation, and depend heavily on market conditions.

What Are The Challenges Ahead?

In terms of challenges that Pi has to scale, one of the biggest ones is mass dumping after launch.

This problem affected other new projects like $CATI or $HMSTR, which declined sharply after they launched on Binance, mid last year.

New investors could become discouraged If the same happens with Pi, and any future plans could be set back by months or even years.

Pi coin has to create strong demand for its services, which includes making sure that it remains relevant for real-world transactions.

It must also maintain a balance between supply and demand, especially during the crucial period between transitioning from an enclosed mainnet to an Open Mainnet.

Overall, all of this will reveal whether Pi has what it takes to stand out in a crypto market that many believe to be already saturated.

Will Pi Coin Succeed?

The Pi Network’s vision is highly appealing to investors, judging by how millions of users now hold some $PI even before launch.

However, it success will depend mostly on whether it can scale the challenges that come with market volatility and competition from older cryptocurrencies (including Bitcoin).

If Pi Network succeeds at beating these challenges, word of its achievements will spread across the crypto industry and redefine crypto as a whole.

Finally, Investors must remember that cryptos (including Pi) are speculative assets and should be approached with caution.