The price of the Pi token kept rising on the Atlantis Exchange platform within 72 hours of being listed on the platform, which has given the trending Global Consensus Value (GCV) speculators reason for optimism.
As at the time of writing this report Pi Coin is being traded at $70,005 which represents a +580.11% surge in the last 24 hours. By this measure, Pi (Pi Network) exceeds all other cryptocurrencies listed on all exchanges, writing an illustrious chapter in the history of the cryptocurrency industry.
However, the fact remains that throughout the first year following its launch, Bitcoin had no monetary worth at all. Of course, we may counter that it also reached $70k and higher. In October 2009, Finnish computer science student Martti Malmi, also known online as Sirius, sold 5,050 Bitcoin for approximately INR 414.65, giving each Bitcoin a value of $0.0009. This was the first transaction to give Bitcoin monetary value.
Pi Coin, however, was exchanged at $300 and $35,000 barely 24 hours after it was listed on the Huobi and Atlantis Exchange respectively.
Speculators of the Global Consensus Value or anticipate that their dream of seeing Pi Coin traded at the rate of $314,159 will soon come true as a result of Pi price’s continued rise.
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.