Pi Network (PI) is a cryptocurrency developed for mobile devices. It was created by a team of Stanford graduates who believe that everyone should have access to cryptocurrency. The Pi Network currently has more than 10 million registered users, and its goal is to reach 100 million within the next year or so. In more detail with this article, here on this page, the registered users know that how to make money with bitcoin is easy to do using PI Network.
Pi Network is a cryptocurrency with a current supply of 7,125,250,500 PI with 6,890,808,941.547 PI in circulation. It’s a new digital currency being developed by Stanford graduates for use on mobile phones. Evaluating the cryptocurrency market is difficult, but it’s not impossible. In this article, we take a look at the Pi Network (PI) and give thoughts on where it might be heading in the future.
What Makes PI Network Different From Other Crypto
Unlike Bitcoin, which requires expensive hardware like ASICs (Application Specific Integrated Circuits) to mine it profitably, anyone can mine PI on their mobile device without any special hardware. It’s just an app.
It’s also completely free right now because mining power increases as more people join; however, once they hit 100 million users, mining will become limited by resources such as electricity usage. This means that PI coins could become valuable over time if enough people use them regularly as currency instead of just holding onto them, hoping for price appreciation.
Pi Network (PI) is one of the newest cryptocurrencies on the market, but that doesn’t mean it isn’t worth keeping an eye on. This digital coin is currently priced at $1.76 per coin and has a total value of USD 12.1 billion in circulation, all from new investors who have bought into its story. It’s easy to see why people are getting excited about this cryptocurrency, especially when you consider there will only ever be 21 million PI coins available for purchase.
Price Prediction Of Pi Network (PI) 2022-2027
The coin’s value has grown greatly over the last year, as it was only worth around $0.0046 per coin just one year ago. It is a growth rate of nearly 1800% in just one year, and this is very impressive compared to other currencies.
The only other cryptocurrency that has recorded similar growth over the last year is Dogecoin (DOGE), which increased from $0.0023 per coin to $0.086, representing a growth rate of about 3600%. However, PI is still up nearly 800% more than DOGE since this time last year, even though DOGE is seeing much more attention due to its big rally earlier this month.
The team behind the Pi Network has stated that if all goes well, they hope to eventually have 100 million users by 2027, which would make it one of the most valuable cryptocurrencies in existence today. This is because the value of a cryptocurrency is based on how many people use it.
It seems probable that the Pi network will be listed on exchanges during the second half of 2022. If this happens, the Pi coin’s price will rise to $0 for the first time. When a well-known and popular project is listed for the first time, the project’s price usually skyrockets within a few days or weeks.
The market cap and Pi value will rise as people rush to purchase the next big thing. These price rallies are not sustainable. In many cases, cryptocurrency crashes within days of the initial mooning. It is because people try to sell their coins to make quick profits.
If everything goes according to plan and the coin is listed as expected, and if it survives any crashes, this digital currency could stay until 2027 and become profitable for its owners. Pi mining is completely free, so any profit you make selling the cryptocurrency can technically be considered a profit.
Pi Network has great potential for growth given its unique features and low entry point for new users. The cryptocurrency is not available to purchase on exchanges yet, making the Pi price prediction difficult to estimate. However, if you’re interested in acquiring some Pi now, you can download the app and start mining as long as you have an invitation from an existing user.