Pi Coin divides the community like little else – and for good reason. I’ve taken a closer look at the project and have to say: It’s more complicated than most think.

First, to clarify: The so-called Pi mining doesn’t work at all like real Bitcoin mining. If you open the app and click a button daily – that’s not mining in the traditional sense. It’s more of an engagement model. Pi uses the Stellar Consensus Protocol instead of Proof-of-Work, and the whole thing is based on trust circles, not computational power. No electricity, no hardware, no real calculations. You simply confirm that you are a real user.

The idea behind it: Instead of competing for computing power, participants compete through trust relationships. Pi mining thus runs on network activity and mutual trust. A clever approach, but not what most understand as mining.

As of now: The mainnet has been live since February 2025 – finally, the coins could be traded on exchanges. This led to a brief hype, but then? Disillusionment. The price dropped from nearly $3 in May 2025 to around $0.15 currently. That’s a decline of about 80 percent. Quite steep.

The chart currently isn’t encouraging. The RSI is at weak levels, the MACD is negative, and volume is shrinking. Technically, it looks like a downtrend. Anyone buying now is going against the trend – and that’s risky.

What interests me: Why should one get in now? The network is still not fully decentralized, major exchange listings are missing, and there are no real use cases. Pi mining gives you free coins, but their value is questionable.

However, there are a few positive signals. The community is huge – over 55 million active users. That’s not to be underestimated. If the project really gains momentum, it could become interesting. But currently? It’s just waiting.

Projections are mixed. In an optimistic scenario, Pi could rise to $5 by 2030. In a neutral scenario, more likely to around $1.40. But these are scenarios – no guarantees. With a maximum of 100 billion coins, it will be hard to reach really high prices unless demand grows exponentially.

A dollar is theoretically possible – but only if the supply remains limited and demand increases. Without new exchanges and real applications, that remains a dream.

My assessment: Pi isn’t a scam, but it’s not a slam dunk either. It’s an experiment. For long-term pioneers who mined for free, every positive price is a gain. For newcomers? I’d wait. The chart shows no strength signals, and the fundamentals are still unclear. The risk is real, and the chances are speculative.

If you still want to join: Pi mining costs nothing, so the risk is manageable. But investing real money? I wouldn’t do that – at least not now.