Blog

Pi Network has turn out to be probably the most common initiatives within the “cryptocurrency” trade. The coin, which is but to be launched, has tens of millions of customers from all over the world. In this text, we are going to 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 out to be extraordinarily common 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 common, 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 supplied that they’ve an Android or iOS smartphone. 

Pi Network has turn out to be extremely common. According to Google, its software has been downloaded by greater than 50 million individuals. Of these customers, 536k of them have left their critiques, with a mean ranking of 4.5*. 

Pi Network has additionally been downloaded by hundreds of individuals on iOS, the place it has a mean ranking of 9.3. Therefore, it’s estimated that Pi has greater than 10 million energetic customers. This is a big quantity since it’s an invite-only software.

These customers mine cryptocurrency by simply logging in to the app and urgent a button or watching an commercial. 

Pi Coin worth prediction

Unlike common publicly-traded cryptocurrencies like Ethereum and Polkadot, it’s unimaginable to do a Pi coin worth prediction since it’s not listed in any alternate. 

Pi holders can’t money their cash for money. Instead, they have 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 numerous proponents, I imagine that it’s a rip-off for 2 primary causes.

First, Pi Network was launched in 2018 with a promise that it is going to be listed in high cryptocurrency exchanges like Binance and Coinbase. A full 4 years and it’s nonetheless unclear when it is going to be launched. Second, it’s onerous to see how Pi Coin will derive its worth even when it begins buying and selling.