Pi Network has turn into one of the widespread initiatives within the “cryptocurrency” business. The coin, which is but to be launched, has thousands and thousands of customers from around the globe. In this text, we’ll discover whether or not the Pi coin is a good investment or whether or not it’s a rip-off.
What is Pi Network?
Cryptocurrencies have turn into extraordinarily widespread up to now few years. At their peak, all cryptocurrencies had a market cap of over $3 trillion, with Bitcoin being the dominant participant.
While cryptocurrencies have gotten widespread, they haven’t but gone mainstream like fiat currencies. At the identical time, the method of mining them is comparatively difficult and costly.
Pi Network is a firm that hopes to alter this by making it extraordinarily straightforward to mine cryptocurrencies and spend it. Unlike Bitcoin and Ravencoin mining, anybody can mine PI coin offered that they’ve an Android or iOS smartphone.
Pi Network has turn into extremely widespread. According to Google, its utility has been downloaded by greater than 50 million individuals. Of these customers, 536k of them have left their critiques, with a median ranking of 4.5*.
Pi Network has additionally been downloaded by 1000’s of individuals on iOS, the place it has a median ranking of 9.3. Therefore, it’s estimated that Pi has greater than 10 million lively customers. This is a large quantity since it’s an invite-only utility.
These customers mine cryptocurrency by simply logging in to the app and urgent a button or watching an commercial.
Pi Coin value prediction
Unlike widespread publicly-traded cryptocurrencies like Ethereum and Polkadot, it’s unattainable to do a Pi coin value prediction since it isn’t listed in any change.
Pi holders can not money their cash for money. Instead, they need to maintain it of their wallets and hope that the builders will listing it in exchanges.
As such, a generally requested query is whether or not Pi Network is a real cryptocurrency or whether or not it’s a rip-off. While there are a lot of proponents, I imagine that it’s a rip-off for 2 primary causes.
First, Pi Network was launched in 2018 with a promise that will probably be listed in prime cryptocurrency exchanges like Binance and Coinbase. A full 4 years and it’s nonetheless unclear when will probably be launched. Second, it’s exhausting to see how Pi Coin will derive its worth even when it begins buying and selling.
