The post Is Pi Coin the Next Bitcoin? Mainnet Launch To Expected By The End Of Q1! appeared first on Coinpedia Fintech News
Pi coin, often called the “next Bitcoin,” is back in the spotlight as anticipation builds around the Pi Network’s mainnet launch. However, the launch is expected in the first quarter of this year, but the price of the Pi coin has recently seen a price surge of 2% in the past few hours, leaving investors curious about its future.
Pi Network To Go Live By Q1 End
Since its launch in 2018, Pi Network has become a prominent name in the crypto world. With over 50 million users and 100 million downloads of the Pi Browser, it aims to make cryptocurrency accessible to everyone.
Unlike traditional mining, Pi coins can be mined using a simple tap-to-earn process via a smartphone.
For years, pioneers have been mining Pi coins, accumulating millions of tokens. However, these tokens hold no real value, as the network has operated in an enclosed mainnet since 2021.
Perhaps the earlier announcement from Pi Developers has promised that the public mainnet launch will take place by the end of the first quarter. However, similar promises were made in the past, which were not fulfilled.
They aim to launch the mainnet only after 10 million pioneers complete the required KYC (Know Your Customer) verification. Delays in the verification process have pushed back earlier deadlines, with the latest set for January 31.
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Pi’s Vision to Outperform Bitcoin
Pi Network aims to be better than Bitcoin by solving common issues. Its easy mining process and the introduction of decentralized apps (dApps) are key parts of its plan.
When the mainnet goes live, around 80 dApps are expected to launch. Additionally, over 27,000 shops have already agreed to accept Pi coins as payment.
However, a challenge lies in the differing goals between the developers and users. While the team sees Pi as a global currency, many pioneers see it as an opportunity to make quick profits. This divide could impact the coin’s price and stability once it becomes publicly tradable.
Pi Coin Price Analysis
As of now, Pi coin is trading at approximately $42.5, marking a rise of nearly 2% in the last 24 hours, with a market cap of $2.89 billion. However, its 24-hour trading volume has dropped by 13%, currently standing at around $236K, according to CoinMarketCap
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FAQs
Currently, 1 Pi coin is valued at approximately $42.5, with a market cap of $2.89 billion. The price fluctuates based on network developments.
Pi coin currently has no real-world value but could gain worth once its mainnet launches and it becomes publicly tradable after KYC verification.
Pi coin’s price surged due to growing anticipation of its mainnet launch and the 2% rise in the last 24 hours, indicating rising investor interest.
Yes, Pi coins can be mined on a smartphone using a simple tap-to-earn process, making it accessible for users without specialized hardware.
