Pi coin, a smartphone minable cryptocurrency, is scheduled to be launched in the public market this year, as stated by the development team. The coin is expected to see considerable price increases in the upcoming years, with predictions indicating that it may trade at $50 per coin by the end of 2023.
Although Pi coin had achieved an All-Time-0High (ATH) of $344, it has been on a downward trajectory and may fall to $40 by the end of 2024. However, the development team is optimistic that Pi coin’s well-executed marketing strategy and strong performance may lead to a price of $60 by the end of 2025.
The smartphone accessibility of Pi coin mining sets it apart from other cryptocurrencies, making it more accessible to a wider audience. Additionally, the coin is being developed with new use cases in mind, which could further increase its value.
As Pi coin prepares to enter the market, investors and cryptocurrency enthusiasts are keeping a close eye on its progress. Its unique features and potential for growth make it an appealing investment opportunity, and its success may pave the way for other smartphone minable cryptocurrencies in the future.
What is Pi Network?
Pi Network is a cryptocurrency project that aims to make cryptocurrency mining more accessible to people through the use of smartphones. It was created by a team of Stanford University graduates in 2019 and has since gained a lot of popularity. The Pi Network is built on a new consensus algorithm called the “Stellar Consensus Protocol” (SCP), which allows for more efficient and less energy-intensive mining compared to traditional proof-of-work (PoW) or proof-of-stake (PoS) algorithms.
Unlike other cryptocurrencies, Pi Network doesn’t require expensive mining rigs or specialized hardware. Instead, users can mine Pi by simply installing the Pi Network app on their smartphone and using it once a day to confirm their identity and maintain their mining status. This approach to mining makes it accessible to anyone with a smartphone, regardless of technical expertise or financial resources.
The Pi Network is still in the development phase and is not yet available on public cryptocurrency exchanges. However, the project has gained a lot of attention and has a growing community of users who believe in its potential to change the way we think about cryptocurrency mining and accessibility.
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