Crypto
2025-02-28
The date Pi Network’s Pioneers have been waiting for years – February 20, 2025 – opened doors for external trade of the Pi Coin.
The Open Mainnet became operational, therefore terminating the Enclosed Mainnet phase, which started in December 2021.
This implies that the well-known Pioneers, who have been mining Pi for years, can now trade Pi Coin just like any other digital asset.
Pi Network is a community of tens of millions of people mining Pi cryptocurrency to use and build the Web3 app ecosystem.Pioneer community is the basis of this blockchain network. According to the official website, it honours individuals varied contributions and digital citizenship by transparent, meritocratic, dispersed incentives using a new mobile mining technique.
Pi's main advantage is that one can mine it straight from a device.
That function has drawn hundreds of millions of users over years and developed a robust currency trading sector.
The numbers that accompany Pi Network's announcement of launch are outstanding. Google Trends data indicates that searches for "Pi Network" jumped from a level of 26 in March 2024 to their greatest level of 100 — a huge rise.
App downloads for the project have also skyrocketed. Pi Network averages 110,000 new downloads daily and has over 110 million installs. More than 540,000 new users logged into the network on 17 February alone.
On the Google Play Store, the app currently ranks #4 in the Social category; in the days before the release, it trailed only Facebook and Instagram.
Pi Coin reached a trading value of $3 in its first seven days, and its market capitalisation surged to an astonishing $15 billion, with $3.56B in trading volume!
According to CoinMarketCap, the value of Pi at the time of writing this blog is roughly $2.40.
Pi Network is causing conflicting views among experts even if most agree that it could alter the course of digital assets.
First of all, by lowering energy usage and environmental impact, mining Pi on a smartphone benefits the surroundings.
Pi Coin is thus practically accessible to almost everyone, including those without a technological experience.
The smartphone app is easy for use.
Potential obstacles, according to experts, are global regulatory restrictions, market acceptance, and technological scalability.
Several centralised exchanges have virtually immediately listed Pi Coin since its launch.
At the time of writing Pi Coin was trading on OKX, Bitget, Bitrous HTX, BitMart. These exchanges listed the token upon its initial release.
The price in the past few days has varied from $2 to $3; analysts emphasise that long-term viability of its mainnet will depend on continuous adoption, legislative clarity, and complete deployment.
Pi is seen by some as a possible game-changer and by others as an asset with yet undetermined pragmatic worth.
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