Introduction to Cryptocurrency Pi Network
The Pi Network Coin is a special kind of digital money. Many people call it the future of social digital money in Web 3. On its launch day, the coin reached a high of $2.10. But soon after, its price fell by 71% in one day when it started trading on exchanges.
Price Movements of Cryptocurrency Pi Network
After the big drop, the price got better. It recovered almost 73% from the crash. Now, people can buy, sell, and trade Pi Coin like any other digital money. The cryptocurrency pi network is live on seven major exchange platforms, including OKX, Gate.io, Bitget, and CoinDCX.
- Coin Data: According to CoinMarketCap, Pi Coin was trading at $1.24. This price is 73% higher than what it was after the crash. The coin’s market cap is $8.6 billion. It is 35% lower than its all-time high of $2.01 but 120% higher than its all-time low of $0.6152. There are 9.82 billion Pi Coins now, and the total could go up to 100 billion. The self-reported circulated supply is 6.38 billion.
- What Will the t Stock Do Next?
Expert Opinions on Cryptocurrency Pi Network
Some experts think the price might go up again.
- Kim H Wong: A crypto expert said that trading Pi is not very exciting because many early users keep selling, and the buy orders are small (the biggest is about 1,000 Pi, and most are only a few hundred). He believes that big money is not in the market yet. Wong said, “Sellers are tired, and buyers are coming in. The price should rise again. Pi has now opened its network to the world, and as more people see the power of Pi Network, the price will go up when big money joins. Hold your precious Pi coins!”
- Thangpandi Durai: The CEO of Koinpark mentioned that even though the Open Mainnet launch lets people trade Pi Coin, its long-term success depends on how well the system is used, how safe it is, and how it is managed. He advises investors to do their homework to see if Pi Coin fits with their money plans and risk levels.
What is the Cryptocurrency Pi Network Coin?
Pi Network is a group of people who work together to mine Pi coins. They use these coins to build apps for Web 3. Pi Coin is the digital money of the Pi Network. It was started by Stanford PhD graduates Nicolas Kokkalis and Chengdiao Fan. The coin is made to work well on mobile phones. It lets people earn rewards without using a lot of energy. People can use it for peer-to-peer payments, shopping, and using decentralized apps (dApps) in its network. Pi uses a light mining method with a crowd-scaled KYC system to help check users’ identities for Web 3.