Despite a significant increase on the Atlantis Exchange platform, the first week of January is not favorable for Pi Coin on the Huobi platform. Pi Coin started the year off in the red on the Huobi platform but shot up significantly on the Atlantis Exchange platform.
In comparison to yesterday’s value, Pi Coin is currently selling for less than $100 on Wednesday. The coin is presently trading at a rate little above $80, a decline of -18.46%.
Bitcoin, Ethereum and DOGE heads green
In the first week of 2023, the first cryptocurrency in the world, Bitcoin, and its direct competitor, Ethereum, are finally becoming green. According to data from the Huobi platform, Bitcoin is currently trading at $16,807.13, slightly higher by +0.77%, while Ethereum, its closest competitor, is up by +3.23% trading at $1,251.02. On the other hand, DOGE has increased by +1.38% and is currently trading at $0.071923.
How the year began
As of the time this report was being written, Pi Coin was trading at $70,005, an increase of +580.11% over the previous day. By this standard, Pi (Pi Network) outperforms all other cryptocurrencies available on all exchanges, adding a golden chapter to the development of the cryptocurrency market.
But within 24 hours after being launched on the Huobi and Atlantis Exchanges, respectively, Pi Coin was traded for $300 and $35,000, respectively.
What is Pi Network?
Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures not only economic transactions via a mobile meritocracy system but also a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users