Pi Coin, created by Pi Network, recently moved to its open mainnet on February 20, 2025, allowing for external transfers and trading on major crypto exchanges like OKX and Bitget. This change has spurred significant interest, with Pi Coin’s price rising sharply by over 35% in just 24 hours. However, experts caution that while the mobile mining model makes crypto accessible, Pi Coin’s real-world adoption and functionality remain uncertain. Comparisons with established coins like Solana and Dogecoin highlight Pi Coin’s need to prove its value and utility in a competitive Market. Overall, its future depends on continued adoption and regulatory developments.
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Pi Coin, a cryptocurrency launched by Pi Network, has made headlines recently with its transition to an open mainnet on February 20, 2025. This significant event allows for external transfers and the listing of Pi Coin on major crypto exchanges like OKX, Bitget, and CoinDCX. This development has sparked a surge of interest, with Pi Coin’s price witnessing considerable volatility—including a notable jump of over 35% in just 24 hours, gasping for the attention of potential investors.
Experts in the crypto sphere are weighing in on the future of Pi Coin. Anish Jain, the CEO of W Chain, describes it as an interesting but largely hypothetical cryptocurrency. He emphasizes that the success of Pi Coin hinges on the effective functionality of its mainnet and its real-world adoption. The mobile mining model of Pi Crypto makes it more accessible, but experts caution that the coin must prove itself as a legitimate digital asset beyond its initial concepts.
Sathvik Viswanathan, CEO at Unocoin, expresses concerns about the speculative nature of Pi Coin, pointing out its limited blockchain integration and ongoing presence in exchanges. Until Pi transitions to a fully decentralized asset, he believes its investment potential remains uncertain. He also touches on the increasing regulatory scrutiny surrounding cryptocurrencies, which could pose additional risks for Pi Coin.
Thangapandi Durai from Koinpark recognizes the vast community behind Pi Coin and its unique mining approach but argues that its Market value is still untested. In comparison to established cryptocurrencies like Solana and Dogecoin, Pi Coin doesn’t yet have the same level of liquidity or institutional support.
While Pi Coin has gained traction through its recent exchange listings, its long-term viability will depend on how well it can navigate regulatory landscapes, achieve widespread adoption, and effectively deploy its mainnet features. The big question remains: Is Pi Coin on the path to becoming a groundbreaking cryptocurrency or just another speculative asset in the Market?
Disclaimer: The views and opinions expressed by the experts in this article are their own and do not reflect the views of The Economic Times.
Tags: Pi Coin, cryptocurrency, Pi Network, crypto exchanges, mainnet, investment, regulatory risks, digital asset, Market value
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What is Pi Coin?
Pi Coin is a digital currency that people can earn using a mobile app. It allows users to mine coins on their phones without draining battery or needing expensive equipment. The idea is to make cryptocurrency accessible to everyone.
Is Pi Coin a real cryptocurrency?
Yes, Pi Coin is considered a real cryptocurrency. However, it is still in its testing phase and has not gone public yet. This means it’s not listed on major exchanges, and people can’t buy or sell it like other cryptocurrencies, such as Bitcoin or Ethereum.
Why is there so much hype around Pi Coin?
The hype around Pi Coin comes from its unique approach to mining and its promise of being easy for everyone to use. Many people are excited about the potential of the coin, hoping it will grow in value once it fully launches. Social media and community engagement also play a big role in the hype.
Is Pi Coin a good investment?
Many experts caution against investing in Pi Coin right now. Since it is not fully launched and available on exchanges, it carries risks. Some people believe it could be a good investment if it succeeds, while others think it might be just speculation without a solid foundation.
How can I get involved with Pi Coin?
You can get involved by downloading the Pi Network app and creating an account. You can start mining Pi Coins for free by pressing a button each day. It’s important to research and understand the risks before committing any time or resources to it.
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