Pi Coin Price Prediction and Beginner’s Buying Guide

Beginner2/21/2025, 6:43:27 AM
For investors, it is necessary to closely follow the development of Pi Coin, rationalize price fluctuations, formulate reasonable investment strategies based on their own risk tolerance and investment goals. At the same time, they should continuously learn and understand relevant knowledge of the cryptocurrency market, improve their investment skills to cope with market changes and risks. In conclusion, Pi Coin, as an emerging digital currency, has certain development potential, but investors should maintain caution and rationality when participating.

Introduction


1.1 Background and Purpose

With the rapid development of blockchain technology, digital currencies have gradually entered the public’s field of vision and become a new hot spot in the financial sector. Pi Coin, as an emerging digital currency, has attracted a large number of users worldwide to participate and pay attention to it with its unique mining method and development concept. Compared with traditional digital currencies such as Bitcoin and Ethereum, Pi Coin has a more convenient way to obtain it, allowing users to mine through their mobile phones, reducing the participation threshold, enabling more people to participate in the world of digital currencies.

However, due to the high level of uncertainty and complexity in the cryptocurrency market, the price trend of Pi Coin is full of variables. Accurately predicting the price of Pi Coin not only helps investors formulate reasonable investment strategies, but also provides valuable reference for research in the cryptocurrency market. For novice investors, how to purchase Pi Coin in a complex market environment is also a major challenge they face. Therefore, this article aims to analyze the price trend of Pi Coin in depth, predict its future price, and provide detailed purchasing guide for novice investors, helping them better understand and participate in the investment of Pi Coin.

1.2 Pi Coin Introduction

Pi Coin is a new digital currency based on blockchain technology, founded by a group of researchers from Stanford University in 2019. Its goal is to create a decentralized digital currency network that everyone can participate in. Unlike traditional digital currencies, Pi Coin uses a consensus mechanism called ‘Proof of Stake,’ which allows users to mine easily on their mobile phones without consuming a lot of energy and computing resources.

In the Pi Coin network, users mine by downloading the Pi Network app and clicking a button once a day. As the number of users and the network develop, the mining difficulty of Pi Coin will gradually increase, ensuring the scarcity and value of the currency. The total amount of Pi Coin is limited, similar to Bitcoin, and this scarcity is an important support for its value.

The development of Pi Coin is full of challenges and opportunities. Since its launch, it has quickly attracted users worldwide, with the number of users growing exponentially. Currently, Pi Coin has a large user base in multiple countries and regions, and its community is very active. However, due to its lack of listing on mainstream exchanges, the determination of its price and the liquidity of trading are somewhat restricted. Nevertheless, the development potential of Pi Coin is still highly regarded by many. With the continuous improvement of its ecosystem and increasing market recognition, Pi Coin is expected to carve out a place in the cryptocurrency market.

Pi Coin Price Trend Analysis


2.1 Historical Price Review

Since its launch in 2019, Pi Coin has experienced multiple stages of price trends. In the early stages of the project, Pi Coin was mainly in the user accumulation and technical development stage. Due to not being listed on mainstream exchanges, there was no clear public market price. During this period, the value of Pi Coin was more reflected in its potential development prospects and large user base.

With the rapid growth in the number of users, Pi Coin has gradually attracted more attention. On some unofficial over-the-counter trading platforms, there have been a small number of Pi Coin transactions with significant price fluctuations. In the early stages, due to the low awareness of Pi Coin in the market, trading activity was not high, and prices were relatively low. However, as the project progresses, especially with the release of some news about the future application scenarios and development plans of Pi Coin, its price has started to rise to a certain extent.

During the period of 2021-2022, the activity of the Pi Coin community has reached a new height, with more users full of expectations for the value of Pi Coin, which to some extent has driven the price up. However, due to the lack of mature trading markets and stable price formation mechanisms, the price of Pi Coin still lacks stability and is often influenced by market rumors and community sentiment.

Recently, although Pi Coin has not yet been listed on mainstream exchanges, with the gradual improvement of its ecosystem and the initial landing of some application scenarios, the market demand for Pi Coin has increased, and the price has also shown a relatively stable trend. However, compared to mature digital currencies such as Bitcoin and Ethereum, the price fluctuations of Pi Coin are still relatively sharp, mainly due to the immaturity and uncertainty of its market.

In 2025, the development of Pi Coin has reached a milestone leap, as the token lands on major exchanges, Pi Coin has once again set off a craze in the crypto market, receiving enthusiastic pursuit from community enthusiasts. Let’s take a look at the market performance of the PI token after its listing.

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Currently, the PI token has landed in the Gate.io spot trading area, click to trade:https://www.gate.io/trade/PI_USDT

2.2 Price Fluctuation Impact Factors

2.2.1 Market Supply and Demand Relationship

The market supply and demand relationship is the fundamental factor affecting the price of Pi Coin. From the supply side, the total amount of Pi Coin is limited, which to a certain extent ensures its scarcity. With the increasing number of users, the mining difficulty gradually increases, slowing down the production speed of new coins, thereby stabilizing the supply of Pi Coin in the market. However, if a large number of users sell their Pi Coins in a short period of time, it may lead to a significant increase in market supply, thereby putting downward pressure on prices.

Basic information about the PI token (2025-2-21)

  1. Market Cap: 5.38B USDT
  2. Fully diluted market cap: $79.22B
  3. Total: 100.00B PI
  4. Circulation: 6.32B PI

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2.2.2 Technological Development and Innovation

The technological development and innovation of Pi Coin play an important role in its value and price. The “Proof of Stake” consensus mechanism adopted by Pi Coin allows users to easily mine with their mobile phones, reducing the entry barrier, which is one of the important reasons attracting a large number of users. With continuous technological upgrades, Pi Coin’s transaction speed, security, and scalability are expected to be further enhanced, which will strengthen its competitiveness in the digital currency market, increase its value, and thus drive up prices.

2.2.3 Market Sentiment and Investor Confidence

Market sentiment and investor confidence also have a significant impact on the price of Pi Coin. The cryptocurrency market is a highly emotional market, where investors’ emotions and expectations often lead to large price fluctuations. When the market is optimistic about the prospects of Pi Coin, investor confidence grows, leading to a surge in Pi Coin purchases and driving up prices. For example, when the Pi Coin team releases positive project updates, such as expanding application scenarios or technological breakthroughs, it often triggers market optimism and attracts more investors to enter the market.

Pi Coin price prediction methods and models


3.1 Common Cryptocurrency Price Prediction Methods

In the field of cryptocurrency, price prediction is crucial for investors and market researchers. Common methods for cryptocurrency price prediction include fundamental analysis, technical analysis, and market sentiment analysis.

Fundamental analysis starts from the intrinsic value of a cryptocurrency project, assessing factors such as its technology, team, market demand, and use cases. For example, analyzing the advancement and innovation of Pi Coin’s ‘Proof of Stake’ consensus mechanism, evaluating its advantages in reducing mining barriers and attracting users, helps determine the potential impact of its technical strength on price. Additionally, researching the professional background, past achievements, and development plans of the Pi Coin team to understand whether the team has the capability to drive the project’s sustainable development is also an essential part of fundamental analysis. Furthermore, considering the demand for Pi Coin in the digital currency market, such as the growth trend of user numbers and the speed of expanding use cases, can provide a basis for assessing its intrinsic value. If the use cases of Pi Coin continue to expand and are accepted by more merchants and users, its intrinsic value may increase, thereby positively impacting its price.

Technical analysis involves studying the historical price and trading volume data of cryptocurrencies, using various technical indicators and chart patterns to predict future price trends. Common technical indicators include moving averages, Relative Strength Index (RSI), Bollinger Bands, etc. Moving averages can help smooth price data for investors to identify the direction of price trends. For example, when the short-term moving average crosses above the long-term moving average, it may indicate the beginning of an uptrend; conversely, it may suggest a downtrend when the opposite occurs. The Relative Strength Index (RSI) is used to measure the strength of market buying and selling power. When the RSI value is above 70, the market may be overbought, with a risk of price retracement; when the RSI value is below 30, the market may be oversold, with a possibility of price rebound. Bollinger Bands help investors identify situations of overbought or oversold markets by displaying the price range fluctuations. In Pi Coin price predictions, technical analysis can analyze its historical price and trading volume to identify price fluctuation patterns and trends, providing investors with reference for trading opportunities.

Market sentiment analysis is the prediction of price movements by analyzing the emotional and psychological states of market participants. In the cryptocurrency market, social media, news reports, and online discussion platforms are all important sources of market sentiment data. For example, when the discussion about Pi Coin on social media has risen sharply, and most of the comments are positive, this may be a sign of positive market sentiment and increased investor confidence in Pi Coin, which can drive prices up. Conversely, if there is an increase in negative news and comments, it can lead to a decrease in investor confidence, triggering a drop in prices. Market sentiment analysis can also be combined with quantitative indicators, such as the Crypto Fear and Greed Index, to more accurately assess the impact of market sentiment on prices. The index measures the fear and greed of the market by taking into account multiple factors such as market momentum and trading volume, volatility, trends, social media, etc., and provides investors with a quantitative reference for market sentiment.

3.2 Price prediction based on the selected model

We use selected time series analysis models (ARIMA) and Long Short-Term Memory (LSTM) models to forecast the future price of Pi Coin. First, collect historical price data of Pi Coin, including daily opening price, closing price, highest price, and lowest price. At the same time, collect data on influencing factors related to Pi Coin price, such as market supply and demand data (including changes in user numbers, new coin output, etc.), technical development-related data (such as project technical update frequency, important technical breakthroughs, etc.), policy-related data (such as changes in cryptocurrency policies in various countries), and market sentiment data (such as discussion heat and sentiment trends about Pi Coin on social media).

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According to the model prediction, due to the large selling pressure and realization pressure at the opening, the price may consolidate and decline. As the market gradually absorbs the selling pressure, in the external favorable environment of market sentiment and overall upward trend of the cryptocurrency market, the PI token may usher in a wave of upward movement in the future.

Note: The price analysis based on the large model above is for reference only and does not constitute any investment advice. We are not responsible for any of your investment results. There may be potential risks, investment variables, and uncertainties in the analysis and sharing.

Newbie’s Guide to Purchasing Pi Coin


4.1 Choose the right trading platform

Currently, there are various trading platforms where Pi Coin can be purchased, each with its own characteristics and advantages and disadvantages.

Gate.io is one of the world’s well-known cryptocurrency trading platforms, with a large user base and rich trading experience. The platform’s advantage lies in its wide variety of trading options, supporting not only Pi Coin but also various mainstream cryptocurrencies such as Bitcoin and Ethereum, meeting the diverse investment needs of different users. Its trading interface is simple and clear, easy to operate, even for Newbies to quickly get started.

In terms of security, Gate.io adopts multiple encryption technologies and strict risk control systems to ensure the security of user funds and the confidentiality of transaction information. In addition, the platform provides 24-hour customer service support, allowing users to promptly resolve any issues encountered during the trading process.

4.2 Registration and Verification Process

Using the Gate.io platform as an example, explain in detail the steps to register an account and complete identity verification on the trading platform.

First, open the Gate.io official website or download the Gate.io APP. On the homepage of the official website or the APP interface, find the ‘Sign Up’ button and click on it. A registration page will pop up, where users need to choose the registration method, generally there are two methods: registration with a phone number or registration with an email. If selecting registration with a phone number, enter a valid phone number and choose the country or region it belongs to, ensuring that the phone number can receive the verification code normally. After entering the phone number, click on ‘Get Code’, and the platform will send the verification code to that phone. Users need to enter the received code within the specified time. Then set up a login password, the password should include numbers, letters, and special characters, with a length generally of 8 characters or more to ensure the strength and security of the password. After confirming the password again, click on the ‘Sign Up’ button to complete the account registration.

After completing the registration, in order to trade Pi Coin, identity verification is also required. In the Gate.io APP or official website, find the ‘Identity Verification’ entrance, usually located in the personal center or account settings page. Click to enter the identity verification page, where you will see different levels of verification, such as primary verification, intermediate verification, and advanced verification. Primary verification usually only requires users to fill in their real name and ID number, and upload a photo of the front of their ID card. When uploading photos, make sure the photo is clear, complete, and accurately displays all the information on the ID card. After submitting the information and photos, the platform will conduct automatic review, with the review time generally ranging from a few minutes to a few hours. If the automatic review fails, users may need to supplement or re-upload relevant information.

Intermediate certification and advanced certification require users to provide more information, such as uploading the back of the ID card, holding the ID card photo, etc., to further verify the user’s identity. Some platforms may also require facial recognition authentication, and users need to follow the system prompts to ensure the smooth completion of the facial recognition process. When performing facial recognition, it should be done under sufficient light and stable environment to ensure the accuracy of recognition. After completing all the authentication steps and passing the review, users can trade Pi Coin on the trading platform.

The registration and verification processes may vary among different trading platforms, but the overall steps are generally similar. Newbies should carefully read the platform’s relevant tips and requirements when registering and verifying, fill in personal information truthfully, and ensure the smooth progress of the verification process. At the same time, pay attention to protecting personal privacy and information security, and avoid registering and verifying in unsafe network environments.

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4.3 Recharge and Fund Management

After completing the registration and verification of the trading platform, the next step is to deposit funds to the platform in order to purchase Pi Coin. Taking common digital currency trading platforms as an example, they generally support multiple deposit methods, such as digital currency deposit, fiat deposit, etc.

If you choose to deposit cryptocurrency, you first need to have other cryptocurrencies such as Bitcoin, Ethereum, etc. On the deposit page of the trading platform, select the “Cryptocurrency Deposit” option, then choose the cryptocurrency you want to deposit, for example, Bitcoin. The platform will generate a unique deposit address, and users need to send the Bitcoin in their wallet to that address. When making the transfer, be sure to carefully verify the deposit address to ensure its accuracy, as once transferred to the wrong address, the funds may not be recoverable. After the transfer is completed, wait for the blockchain network to confirm the transaction, the confirmation time varies depending on the network congestion, usually taking several minutes to several tens of minutes. Once confirmed, the deposited Bitcoin will be displayed in the trading platform’s account balance.

In terms of fund management, Newbies need to pay attention to the following points. First, plan the recharge amount reasonably, determine the amount of funds to be invested in Pi Coin trading based on your investment goals and risk tolerance, and avoid excessive investment leading to financial risks. Second, set stop-loss and take-profit points. The stop-loss point is when the investment losses reach a certain percentage or amount, Pi Coin will be sold automatically to limit further losses; the take-profit point is when the investment profit reaches a certain target, Pi Coin will be sold in time to lock in profits. For example, set a stop-loss trigger when Pi Coin price drops by 10%, and a take-profit trigger when the price rises by 20%. In addition, regularly take inventory and analyze the account funds to understand the use of funds and investment returns, in order to adjust investment strategies in a timely manner. At the same time, pay attention to protecting the security of account funds, set strong passwords and change them regularly, avoid recharging and trading operations in public network environments, and prevent account theft.

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4.4 Ordering and Purchasing Guide

Once the funds are deposited into the trading platform account, you can proceed with placing an order to buy Pi Coin. Taking Gate.io trading platform as an example, the operation process is as follows:

Log in to the Gate.io APP or official website and enter the trading interface. In the trading interface, find the ‘Trade’ tab. After clicking on it, various trading pairs will be displayed. Enter ‘Pi Coin’ or its trading code in the search box to find the Pi Coin trading pair with other currencies (such as USDT), for example, ‘Pi Coin/USDT’.

Click to enter the trading pair page of ‘Pi Coin/USDT’, which will display the real-time price trend and buying/selling order book information of Pi Coin. At the bottom of the trading page, there are two buttons: ‘Buy’ and ‘Sell’. Click the ‘Buy’ button.

At this point, the buy order setting window will pop up, where the following parameters need to be set:

  • Order types: Common types include market orders and limit orders. A market order is to immediately buy Pi Coin at the best current market price. The advantage is fast execution speed, but it may not precisely control the buying price; a limit order allows users to set a buying price. When the market price reaches or is better than the set price, the system will automatically place a buy order. The advantage is controlling the buying cost, but it may not execute due to an unreasonable price setting. Newbies can choose the appropriate order type based on their market judgment and trading needs. For example, if you believe in the short-term upward trend of Pi Coin and want to buy quickly, you can choose a market order; if you want to buy at a more ideal price, you can choose a limit order and set the buying price reasonably.
  • Buy Quantity: Enter the quantity of Pi Coin you want to buy. You can directly enter a specific quantity, or choose to buy in a certain proportion based on your account balance, such as ‘All Available’ or ‘50% Available’. When entering the buy quantity, pay attention to whether your fund balance is sufficient and consider the deduction of transaction fees.
  • Trading Password: In order to ensure the security of the transaction, you need to enter the trading password when placing an order. The trading password is different from the login password and is specifically used for trading operations. Please keep it properly, do not use the same password as the login password, and change it regularly.

After setting the above parameters, carefully check the buying information, including the type of order, the quantity to buy, the buying price (for limit orders), etc., to ensure the information is accurate. Once confirmed, click the ‘Buy Pi Coin’ button, and the system will place an order based on the set parameters. For market orders, it generally executes immediately; for limit orders, when the market price reaches the set buying price, the system will automatically execute the order. After the transaction, you can view the details of the purchase order in the transaction records, including transaction time, transaction price, transaction quantity, and other information.

When placing an order to buy Pi Coin, Newbies should remain calm and rational, not be swayed by market emotions. Before placing an order, fully understand the market conditions and the price trends of Pi Coin, and operate based on your own investment strategy. At the same time, pay attention to the trading hours, as the trading hours may vary on different trading platforms, to avoid placing orders during non-trading hours that may result in no execution.

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Conclusion


For investors, it is necessary to closely follow the development of Pi Coin, rationalize the price fluctuations, and formulate a reasonable investment strategy based on their own risk tolerance and investment goals. At the same time, they should continuously learn and understand the relevant knowledge of the cryptocurrency market, improve their investment level, and respond to market changes and risks. In short, Pi Coin, as an emerging digital currency, has certain development potential, but investors should remain cautious and rational when participating.

Author: Frank
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.

Pi Coin Price Prediction and Beginner’s Buying Guide

Beginner2/21/2025, 6:43:27 AM
For investors, it is necessary to closely follow the development of Pi Coin, rationalize price fluctuations, formulate reasonable investment strategies based on their own risk tolerance and investment goals. At the same time, they should continuously learn and understand relevant knowledge of the cryptocurrency market, improve their investment skills to cope with market changes and risks. In conclusion, Pi Coin, as an emerging digital currency, has certain development potential, but investors should maintain caution and rationality when participating.

Introduction


1.1 Background and Purpose

With the rapid development of blockchain technology, digital currencies have gradually entered the public’s field of vision and become a new hot spot in the financial sector. Pi Coin, as an emerging digital currency, has attracted a large number of users worldwide to participate and pay attention to it with its unique mining method and development concept. Compared with traditional digital currencies such as Bitcoin and Ethereum, Pi Coin has a more convenient way to obtain it, allowing users to mine through their mobile phones, reducing the participation threshold, enabling more people to participate in the world of digital currencies.

However, due to the high level of uncertainty and complexity in the cryptocurrency market, the price trend of Pi Coin is full of variables. Accurately predicting the price of Pi Coin not only helps investors formulate reasonable investment strategies, but also provides valuable reference for research in the cryptocurrency market. For novice investors, how to purchase Pi Coin in a complex market environment is also a major challenge they face. Therefore, this article aims to analyze the price trend of Pi Coin in depth, predict its future price, and provide detailed purchasing guide for novice investors, helping them better understand and participate in the investment of Pi Coin.

1.2 Pi Coin Introduction

Pi Coin is a new digital currency based on blockchain technology, founded by a group of researchers from Stanford University in 2019. Its goal is to create a decentralized digital currency network that everyone can participate in. Unlike traditional digital currencies, Pi Coin uses a consensus mechanism called ‘Proof of Stake,’ which allows users to mine easily on their mobile phones without consuming a lot of energy and computing resources.

In the Pi Coin network, users mine by downloading the Pi Network app and clicking a button once a day. As the number of users and the network develop, the mining difficulty of Pi Coin will gradually increase, ensuring the scarcity and value of the currency. The total amount of Pi Coin is limited, similar to Bitcoin, and this scarcity is an important support for its value.

The development of Pi Coin is full of challenges and opportunities. Since its launch, it has quickly attracted users worldwide, with the number of users growing exponentially. Currently, Pi Coin has a large user base in multiple countries and regions, and its community is very active. However, due to its lack of listing on mainstream exchanges, the determination of its price and the liquidity of trading are somewhat restricted. Nevertheless, the development potential of Pi Coin is still highly regarded by many. With the continuous improvement of its ecosystem and increasing market recognition, Pi Coin is expected to carve out a place in the cryptocurrency market.

Pi Coin Price Trend Analysis


2.1 Historical Price Review

Since its launch in 2019, Pi Coin has experienced multiple stages of price trends. In the early stages of the project, Pi Coin was mainly in the user accumulation and technical development stage. Due to not being listed on mainstream exchanges, there was no clear public market price. During this period, the value of Pi Coin was more reflected in its potential development prospects and large user base.

With the rapid growth in the number of users, Pi Coin has gradually attracted more attention. On some unofficial over-the-counter trading platforms, there have been a small number of Pi Coin transactions with significant price fluctuations. In the early stages, due to the low awareness of Pi Coin in the market, trading activity was not high, and prices were relatively low. However, as the project progresses, especially with the release of some news about the future application scenarios and development plans of Pi Coin, its price has started to rise to a certain extent.

During the period of 2021-2022, the activity of the Pi Coin community has reached a new height, with more users full of expectations for the value of Pi Coin, which to some extent has driven the price up. However, due to the lack of mature trading markets and stable price formation mechanisms, the price of Pi Coin still lacks stability and is often influenced by market rumors and community sentiment.

Recently, although Pi Coin has not yet been listed on mainstream exchanges, with the gradual improvement of its ecosystem and the initial landing of some application scenarios, the market demand for Pi Coin has increased, and the price has also shown a relatively stable trend. However, compared to mature digital currencies such as Bitcoin and Ethereum, the price fluctuations of Pi Coin are still relatively sharp, mainly due to the immaturity and uncertainty of its market.

In 2025, the development of Pi Coin has reached a milestone leap, as the token lands on major exchanges, Pi Coin has once again set off a craze in the crypto market, receiving enthusiastic pursuit from community enthusiasts. Let’s take a look at the market performance of the PI token after its listing.

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Currently, the PI token has landed in the Gate.io spot trading area, click to trade:https://www.gate.io/trade/PI_USDT

2.2 Price Fluctuation Impact Factors

2.2.1 Market Supply and Demand Relationship

The market supply and demand relationship is the fundamental factor affecting the price of Pi Coin. From the supply side, the total amount of Pi Coin is limited, which to a certain extent ensures its scarcity. With the increasing number of users, the mining difficulty gradually increases, slowing down the production speed of new coins, thereby stabilizing the supply of Pi Coin in the market. However, if a large number of users sell their Pi Coins in a short period of time, it may lead to a significant increase in market supply, thereby putting downward pressure on prices.

Basic information about the PI token (2025-2-21)

  1. Market Cap: 5.38B USDT
  2. Fully diluted market cap: $79.22B
  3. Total: 100.00B PI
  4. Circulation: 6.32B PI

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2.2.2 Technological Development and Innovation

The technological development and innovation of Pi Coin play an important role in its value and price. The “Proof of Stake” consensus mechanism adopted by Pi Coin allows users to easily mine with their mobile phones, reducing the entry barrier, which is one of the important reasons attracting a large number of users. With continuous technological upgrades, Pi Coin’s transaction speed, security, and scalability are expected to be further enhanced, which will strengthen its competitiveness in the digital currency market, increase its value, and thus drive up prices.

2.2.3 Market Sentiment and Investor Confidence

Market sentiment and investor confidence also have a significant impact on the price of Pi Coin. The cryptocurrency market is a highly emotional market, where investors’ emotions and expectations often lead to large price fluctuations. When the market is optimistic about the prospects of Pi Coin, investor confidence grows, leading to a surge in Pi Coin purchases and driving up prices. For example, when the Pi Coin team releases positive project updates, such as expanding application scenarios or technological breakthroughs, it often triggers market optimism and attracts more investors to enter the market.

Pi Coin price prediction methods and models


3.1 Common Cryptocurrency Price Prediction Methods

In the field of cryptocurrency, price prediction is crucial for investors and market researchers. Common methods for cryptocurrency price prediction include fundamental analysis, technical analysis, and market sentiment analysis.

Fundamental analysis starts from the intrinsic value of a cryptocurrency project, assessing factors such as its technology, team, market demand, and use cases. For example, analyzing the advancement and innovation of Pi Coin’s ‘Proof of Stake’ consensus mechanism, evaluating its advantages in reducing mining barriers and attracting users, helps determine the potential impact of its technical strength on price. Additionally, researching the professional background, past achievements, and development plans of the Pi Coin team to understand whether the team has the capability to drive the project’s sustainable development is also an essential part of fundamental analysis. Furthermore, considering the demand for Pi Coin in the digital currency market, such as the growth trend of user numbers and the speed of expanding use cases, can provide a basis for assessing its intrinsic value. If the use cases of Pi Coin continue to expand and are accepted by more merchants and users, its intrinsic value may increase, thereby positively impacting its price.

Technical analysis involves studying the historical price and trading volume data of cryptocurrencies, using various technical indicators and chart patterns to predict future price trends. Common technical indicators include moving averages, Relative Strength Index (RSI), Bollinger Bands, etc. Moving averages can help smooth price data for investors to identify the direction of price trends. For example, when the short-term moving average crosses above the long-term moving average, it may indicate the beginning of an uptrend; conversely, it may suggest a downtrend when the opposite occurs. The Relative Strength Index (RSI) is used to measure the strength of market buying and selling power. When the RSI value is above 70, the market may be overbought, with a risk of price retracement; when the RSI value is below 30, the market may be oversold, with a possibility of price rebound. Bollinger Bands help investors identify situations of overbought or oversold markets by displaying the price range fluctuations. In Pi Coin price predictions, technical analysis can analyze its historical price and trading volume to identify price fluctuation patterns and trends, providing investors with reference for trading opportunities.

Market sentiment analysis is the prediction of price movements by analyzing the emotional and psychological states of market participants. In the cryptocurrency market, social media, news reports, and online discussion platforms are all important sources of market sentiment data. For example, when the discussion about Pi Coin on social media has risen sharply, and most of the comments are positive, this may be a sign of positive market sentiment and increased investor confidence in Pi Coin, which can drive prices up. Conversely, if there is an increase in negative news and comments, it can lead to a decrease in investor confidence, triggering a drop in prices. Market sentiment analysis can also be combined with quantitative indicators, such as the Crypto Fear and Greed Index, to more accurately assess the impact of market sentiment on prices. The index measures the fear and greed of the market by taking into account multiple factors such as market momentum and trading volume, volatility, trends, social media, etc., and provides investors with a quantitative reference for market sentiment.

3.2 Price prediction based on the selected model

We use selected time series analysis models (ARIMA) and Long Short-Term Memory (LSTM) models to forecast the future price of Pi Coin. First, collect historical price data of Pi Coin, including daily opening price, closing price, highest price, and lowest price. At the same time, collect data on influencing factors related to Pi Coin price, such as market supply and demand data (including changes in user numbers, new coin output, etc.), technical development-related data (such as project technical update frequency, important technical breakthroughs, etc.), policy-related data (such as changes in cryptocurrency policies in various countries), and market sentiment data (such as discussion heat and sentiment trends about Pi Coin on social media).

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According to the model prediction, due to the large selling pressure and realization pressure at the opening, the price may consolidate and decline. As the market gradually absorbs the selling pressure, in the external favorable environment of market sentiment and overall upward trend of the cryptocurrency market, the PI token may usher in a wave of upward movement in the future.

Note: The price analysis based on the large model above is for reference only and does not constitute any investment advice. We are not responsible for any of your investment results. There may be potential risks, investment variables, and uncertainties in the analysis and sharing.

Newbie’s Guide to Purchasing Pi Coin


4.1 Choose the right trading platform

Currently, there are various trading platforms where Pi Coin can be purchased, each with its own characteristics and advantages and disadvantages.

Gate.io is one of the world’s well-known cryptocurrency trading platforms, with a large user base and rich trading experience. The platform’s advantage lies in its wide variety of trading options, supporting not only Pi Coin but also various mainstream cryptocurrencies such as Bitcoin and Ethereum, meeting the diverse investment needs of different users. Its trading interface is simple and clear, easy to operate, even for Newbies to quickly get started.

In terms of security, Gate.io adopts multiple encryption technologies and strict risk control systems to ensure the security of user funds and the confidentiality of transaction information. In addition, the platform provides 24-hour customer service support, allowing users to promptly resolve any issues encountered during the trading process.

4.2 Registration and Verification Process

Using the Gate.io platform as an example, explain in detail the steps to register an account and complete identity verification on the trading platform.

First, open the Gate.io official website or download the Gate.io APP. On the homepage of the official website or the APP interface, find the ‘Sign Up’ button and click on it. A registration page will pop up, where users need to choose the registration method, generally there are two methods: registration with a phone number or registration with an email. If selecting registration with a phone number, enter a valid phone number and choose the country or region it belongs to, ensuring that the phone number can receive the verification code normally. After entering the phone number, click on ‘Get Code’, and the platform will send the verification code to that phone. Users need to enter the received code within the specified time. Then set up a login password, the password should include numbers, letters, and special characters, with a length generally of 8 characters or more to ensure the strength and security of the password. After confirming the password again, click on the ‘Sign Up’ button to complete the account registration.

After completing the registration, in order to trade Pi Coin, identity verification is also required. In the Gate.io APP or official website, find the ‘Identity Verification’ entrance, usually located in the personal center or account settings page. Click to enter the identity verification page, where you will see different levels of verification, such as primary verification, intermediate verification, and advanced verification. Primary verification usually only requires users to fill in their real name and ID number, and upload a photo of the front of their ID card. When uploading photos, make sure the photo is clear, complete, and accurately displays all the information on the ID card. After submitting the information and photos, the platform will conduct automatic review, with the review time generally ranging from a few minutes to a few hours. If the automatic review fails, users may need to supplement or re-upload relevant information.

Intermediate certification and advanced certification require users to provide more information, such as uploading the back of the ID card, holding the ID card photo, etc., to further verify the user’s identity. Some platforms may also require facial recognition authentication, and users need to follow the system prompts to ensure the smooth completion of the facial recognition process. When performing facial recognition, it should be done under sufficient light and stable environment to ensure the accuracy of recognition. After completing all the authentication steps and passing the review, users can trade Pi Coin on the trading platform.

The registration and verification processes may vary among different trading platforms, but the overall steps are generally similar. Newbies should carefully read the platform’s relevant tips and requirements when registering and verifying, fill in personal information truthfully, and ensure the smooth progress of the verification process. At the same time, pay attention to protecting personal privacy and information security, and avoid registering and verifying in unsafe network environments.

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4.3 Recharge and Fund Management

After completing the registration and verification of the trading platform, the next step is to deposit funds to the platform in order to purchase Pi Coin. Taking common digital currency trading platforms as an example, they generally support multiple deposit methods, such as digital currency deposit, fiat deposit, etc.

If you choose to deposit cryptocurrency, you first need to have other cryptocurrencies such as Bitcoin, Ethereum, etc. On the deposit page of the trading platform, select the “Cryptocurrency Deposit” option, then choose the cryptocurrency you want to deposit, for example, Bitcoin. The platform will generate a unique deposit address, and users need to send the Bitcoin in their wallet to that address. When making the transfer, be sure to carefully verify the deposit address to ensure its accuracy, as once transferred to the wrong address, the funds may not be recoverable. After the transfer is completed, wait for the blockchain network to confirm the transaction, the confirmation time varies depending on the network congestion, usually taking several minutes to several tens of minutes. Once confirmed, the deposited Bitcoin will be displayed in the trading platform’s account balance.

In terms of fund management, Newbies need to pay attention to the following points. First, plan the recharge amount reasonably, determine the amount of funds to be invested in Pi Coin trading based on your investment goals and risk tolerance, and avoid excessive investment leading to financial risks. Second, set stop-loss and take-profit points. The stop-loss point is when the investment losses reach a certain percentage or amount, Pi Coin will be sold automatically to limit further losses; the take-profit point is when the investment profit reaches a certain target, Pi Coin will be sold in time to lock in profits. For example, set a stop-loss trigger when Pi Coin price drops by 10%, and a take-profit trigger when the price rises by 20%. In addition, regularly take inventory and analyze the account funds to understand the use of funds and investment returns, in order to adjust investment strategies in a timely manner. At the same time, pay attention to protecting the security of account funds, set strong passwords and change them regularly, avoid recharging and trading operations in public network environments, and prevent account theft.

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4.4 Ordering and Purchasing Guide

Once the funds are deposited into the trading platform account, you can proceed with placing an order to buy Pi Coin. Taking Gate.io trading platform as an example, the operation process is as follows:

Log in to the Gate.io APP or official website and enter the trading interface. In the trading interface, find the ‘Trade’ tab. After clicking on it, various trading pairs will be displayed. Enter ‘Pi Coin’ or its trading code in the search box to find the Pi Coin trading pair with other currencies (such as USDT), for example, ‘Pi Coin/USDT’.

Click to enter the trading pair page of ‘Pi Coin/USDT’, which will display the real-time price trend and buying/selling order book information of Pi Coin. At the bottom of the trading page, there are two buttons: ‘Buy’ and ‘Sell’. Click the ‘Buy’ button.

At this point, the buy order setting window will pop up, where the following parameters need to be set:

  • Order types: Common types include market orders and limit orders. A market order is to immediately buy Pi Coin at the best current market price. The advantage is fast execution speed, but it may not precisely control the buying price; a limit order allows users to set a buying price. When the market price reaches or is better than the set price, the system will automatically place a buy order. The advantage is controlling the buying cost, but it may not execute due to an unreasonable price setting. Newbies can choose the appropriate order type based on their market judgment and trading needs. For example, if you believe in the short-term upward trend of Pi Coin and want to buy quickly, you can choose a market order; if you want to buy at a more ideal price, you can choose a limit order and set the buying price reasonably.
  • Buy Quantity: Enter the quantity of Pi Coin you want to buy. You can directly enter a specific quantity, or choose to buy in a certain proportion based on your account balance, such as ‘All Available’ or ‘50% Available’. When entering the buy quantity, pay attention to whether your fund balance is sufficient and consider the deduction of transaction fees.
  • Trading Password: In order to ensure the security of the transaction, you need to enter the trading password when placing an order. The trading password is different from the login password and is specifically used for trading operations. Please keep it properly, do not use the same password as the login password, and change it regularly.

After setting the above parameters, carefully check the buying information, including the type of order, the quantity to buy, the buying price (for limit orders), etc., to ensure the information is accurate. Once confirmed, click the ‘Buy Pi Coin’ button, and the system will place an order based on the set parameters. For market orders, it generally executes immediately; for limit orders, when the market price reaches the set buying price, the system will automatically execute the order. After the transaction, you can view the details of the purchase order in the transaction records, including transaction time, transaction price, transaction quantity, and other information.

When placing an order to buy Pi Coin, Newbies should remain calm and rational, not be swayed by market emotions. Before placing an order, fully understand the market conditions and the price trends of Pi Coin, and operate based on your own investment strategy. At the same time, pay attention to the trading hours, as the trading hours may vary on different trading platforms, to avoid placing orders during non-trading hours that may result in no execution.

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Conclusion


For investors, it is necessary to closely follow the development of Pi Coin, rationalize the price fluctuations, and formulate a reasonable investment strategy based on their own risk tolerance and investment goals. At the same time, they should continuously learn and understand the relevant knowledge of the cryptocurrency market, improve their investment level, and respond to market changes and risks. In short, Pi Coin, as an emerging digital currency, has certain development potential, but investors should remain cautious and rational when participating.

Author: Frank
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
* This article may not be reproduced, transmitted or copied without referencing Gate.io. Contravention is an infringement of Copyright Act and may be subject to legal action.
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