Pi network price in dollar today based on the latest conversion rate: The value of 1 Pi coin is about 0.62 USD
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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.
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.
You can predict Pi Coin price in the future via some factors below:
Frequently Asked Questions
News
This week, Pi Network’s price increased by 26%, reaching 0.74 USD. Its performance is highly correlated with Bitcoin’s stability above 85,000 USD. Maintaining a support above 0.70 USD is crucial for further gains towards 1.00 USD.
Fuelled by Bitcoin’s strength, Pi Network’s upward momentum is promising. However, any downturn in Bitcoin may pull Pi down to 0.60 USD or lower, reversing the current bullish trend.
The fake Pi Token experienced an extraordinary price increase of over 999,999%, reaching a peak value of 53,000 USD. At its highest, the token’s market cap was approximately 2.95 billion USD, showcasing immense trading activity.
Despite its meteoric rise, the token’s price collapsed by more than 90% to around 3,000 USD. This event serves as a stark reminder of the extreme volatility and risks within the cryptocurrency market.
After the OM token’s catastrophic failure, analysts are urging the Pi Core Team to enhance transparency and adopt caution as Pi Network moves towards its Open Mainnet. This follows OM’s price decrease of over 90%, leading to significant market capitalization losses.
Despite the warnings, some community members remain optimistic about Pi Network’s potential, highlighting its growing ecosystem and innovative infrastructure. However, concerns regarding market manipulation and centralized risks persist, leading to calls for users to withdraw coins to mitigate price instability.
After its integration with Chainlink, Pi Coin experienced growth of 30% to 35%, showing increased investor confidence. Presently priced around 0.743226 USD, its market capitalization is approximately 5.09 billion USD.
Experts predict that Pi Coin could reach 2.49 USD in a month and project significant long-term growth of 6.52 USD by 2040, reflecting a bullish outlook for the token.
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