I just looked at the Pi development again and have to say: It’s really a roller coaster. The mainnet has been live for over a year now, but the Pi value has mostly gone down rather than up since then. Currently, Pi is trading at around $0.15 – and honestly, that’s well below the expectations of many who have been involved for years.

But what still fascinates me about the project? The idea is actually quite simple: You open an app, tap a button daily, and receive Pi coins as a reward. No complicated mining like Bitcoin, no hardware needed. The whole concept is based on the Stellar Consensus Protocol and works through trust circles – so-called Security Circles. When people hear about it for the first time, they often think it’s real crypto mining. Spoiler: It’s not. It’s more about engagement and building a decentralized trust network.

Now to an honest analysis: The Pi value has fallen about 79 percent since the beginning of 2025. The May high of nearly $3 is long gone. The technical indicators are weak – the MACD remains negative, the RSI was temporarily in the oversold area. The volume has been declining again after the initial hype. For traders, this looks like a classic sell-off scenario without a clear bottom formation.

What I notice, though: Capital still flows into the network. The community remains one of the largest in crypto – over 55 million active users. That’s not nothing. The question is only whether that will be enough in the long run to push the Pi value back up.

For newcomers, I would currently say: Don’t buy now. The chart clearly shows a bearish trend. Those who enter today are going against the trend, and that’s not a good signal. For those who mined Pi for free – yes, technically, any price above zero is a profit. But the Pi value first needs to show that there’s real substance behind it.

The long-term prognosis? Realistically, Pi could rise to $1 to $2 by 2030 if everything goes well. But that depends on whether the network actually gets listed on major exchanges and whether real usage develops. With a maximum supply of 100 billion, the room for upward movement is limited unless demand explodes.

My take: Pi is not a scam, but also not a quick way to make money. It’s a long-term experiment where much is still unclear. Those who want to be involved should do so because they believe in the idea – not because they want to get rich quickly. The Pi value will depend on whether the project makes a real breakthrough in the next 1-2 years or remains in this gray zone.