Pi Network
PI/USD
PI Price today
Index
PI price USD today
PI/USD Conversion Tables
Indicators
Information about Pi Network (PI)
Pi Coin (PI) is the native cryptocurrency of the Pi Network, a project launched in 2019 with the goal of making cryptocurrency mining accessible to everyone. This solution allows you to convert native Pi from Pi Network to PI tokens on the PiBridge app at a 1:1 ratio.
The value of these two coins is always in equilibrium because for every 1 PI created on the ONUS Chain or BNB Chain, one native Pi is locked on the Pi Network and vice versa.
Mining of Pi coin
Users can mine PI within the Pi Network app, and the PI mining process only requires users to tap a button on their phone every 24 hours. In fact, you will receive PI coin rewards for using the app once a day and proving that you are not a robot.
To sign up for the app, you need an invitation code from a member. Pi Network uses a referral system where you earn more PI based on the number of people who sign up using your invitation code.
Pi Coin price today
- PI/USD price currently: 0.83 USD
- PI/USD price all-time low: 0.1 USD
- PI/USD price all-time high: 3.03 USD
What are some factors that might influence the Pi Coin price?
You can predict Pi Coin price in the future via some factors below:
- Network adoption: A large and active user base is crucial for Pi's success. The wider the adoption, the more potential value Pi Coin could hold.
- Mainnet functionality: The effectiveness of the Pi Network's mainnet in facilitating secure and efficient transactions will be a major factor. A robust and reliable mainnet could inspire confidence in Pi Coin.
- Utility of Pi coin: If Pi Coin has clear use cases beyond a tradable asset, it could increase its overall value. This could involve using Pi Coin for payments or interacting with decentralized applications (dApps) built on the Pi Network.
- Cryptocurrency market trends: The general health of the cryptocurrency market can significantly impact Pi Coin price. If the overall market is bullish, Pi Coin could potentially benefit. Conversely, a bearish market could see its price decline.
- Regulations: Government regulations surrounding cryptocurrencies can influence market sentiment and potentially impact Pi Coin price. Clear and supportive regulations could be positive, while restrictive regulations could create uncertainty.
- Adoption by businesses: If major businesses and institutions start accepting Pi Coin as a payment method or integrating it into their services, it could significantly increase Pi coin value.
- Total supply of Pi coin: The total number of Pi Coins in circulation will influence the value of each individual coin. A limited supply could theoretically lead to higher prices, while a vast supply might put downward pressure on the price.
- Trading volume: The amount of Pi Coin being actively traded on exchanges will also play a role in the value of Pi coin. Higher trading volume typically indicates greater market interest, which could push the price up.
How to trade Pi coins safely?
- Use reputable exchanges: Only trade Pi Coin on reputable and established cryptocurrency exchanges.
- Do your research: Learn about cryptocurrency trading and the risks involved before investing on Pi Coin
- Secure your account: Use strong passwords and enable two-factor authentication on your exchange accounts.
- Stay Informed: Keep up-to-date with market trends, regulatory news, and economic indicators that can impact Pi coin price, then make informed trading decisions.
News
Telegram’s new crypto wallet integration with Pi Network allows access to a potential user base of over 1 billion. However, the network struggles with decreasing demand and a lack of listings on major exchanges, impacting its market credibility.
Despite the integration, Pi Network’s future success depends on transforming Telegram’s vast user base into active investors. Market conditions and dwindling interest remain significant challenges for sustaining its growth.
SuperNodes in the Pi Network are fully managed by the Pi Core Team, which has led to a lack of transparency in their selection process. Community members express frustration over not receiving rewards while running nodes, questioning the fairness of the SuperNode access.
Investment professionals criticize the centralization of Pi Network, labeling it a scam due to technical flaws. SuperNodes are vital for transaction validation, yet their centralized management contradicts the project’s promise of decentralization.
PI trading volume is $61.37m. Market capitalization reaches $6.57b.
The Pi Network community is actively developing PiDaoSwap, a decentralized exchange to combat price manipulation by external exchanges, ensuring that the Pi coin’s value accurately reflects market conditions.
Due to intellectual property policies, PiDaoSwap may need to alter its name prior to launch. The community’s adherence to these guidelines is crucial as they seek to promote the project.
Rising tensions have emerged within the community regarding price manipulation, with claims suggesting bots and incorrect listings have adversely impacted the valuation of Pi coin, increasing demand for an internal exchange.
People also own
