The post Pi Network Price Prediction appeared on BitcoinEthereumNews.com.

Over four years since its initial announcement, the highly anticipated Pi Network cryptocurrency remains off the open market. Yet, it continues to generate significant buzz within the crypto community. Achieving such widespread discussion without an established market value is remarkable. Despite hosting a hackathon and introducing an online social platform this year, the future of the PI coin’s tradability remains uncertain. By the end of 2023, there were hints from Pi about a potential launch of its open mainnet in 2024, dependent on specific criteria being fulfilled. Pi coin serves as the decentralized digital currency fueling the Pi Network, designed to facilitate peer-to-peer transactions and allow individuals to mine cryptocurrency directly from their smartphones. This approach presents a significantly more user-friendly option compared to traditional Bitcoin mining, attracting over 47 million participants to date. Consequently, this surge in user engagement has led numerous investors to view Pi coin as a potentially groundbreaking cryptocurrency in the market. Launched in 2018 by Nicolas Kokkalis and Chengdiao Fan, the Pi Network emerged as a rival to Bitcoin and other transaction-oriented cryptocurrencies, aiming to democratize the mining process by making it accessible via smartphone mining. This initiative stands in contrast to and several other Proof-of-Work blockchains that require specialized, high-cost hardware, such as ASIC chips, for mining operations. The mining process within the Pi Network is divided into three stages: the pre-Mainnet, the closed Mainnet, and the open Mainnet phases. Presently, it is in the closed Mainnet stage. In this article, we’ll explore Pi network’s future market potential and short-term price targets from our Pi network price prediction. Pi Network: A Quick Introduction In the crypto market, a prevalent method for earning profits is through the mining of cryptocurrencies. For cryptocurrencies like Bitcoin (BTC), this process entails deciphering a series of increasingly complicated mathematical…

---

Filed under: News - @ June 22, 2024 9:26 pm