After six years of anticipation, many users of Pi Network are expressing disappointment over its current price, which is significantly below the expected values set by enthusiastic community members. Some hoped for a price between $500 and $1,000 per Pi, with one group even suggesting an astronomical price of over $314,000 per Pi. The recent listing of Pi on major exchanges like OKX and MEXC has sparked a surge in interest, reflected in a spike in Google searches and app downloads, now over 110 million. However, concerns about Pi Network’s structure resembling a multi-level Marketing scheme have led to warnings from Vietnam’s Ministry of Public Security, urging caution among potential investors.
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Many users of the Pi Network are expressing disappointment as the cryptocurrency has finally been listed on major exchanges. One such user, Van Loc, shared his frustrations in a group with nearly 100,000 members, stating, “Mining Pi is as simple as logging in, but after waiting six years, I was disappointed with the price.” Others had set much higher expectations, believing the value would range from $500 to $1,000 per Pi. Some even proposed an outrageous consensus value of $314,159 per Pi.
As the Pi Network administrator The Anh explained, “The current price somewhat aligns with the project’s original design, where most users were allocated only 500-2,000 Pi and faced restrictions to encourage further mining.” This indicates a gradual decline in value as access expands.
After its recent listing on exchanges like OKX, MEXC, and Bitget, the total supply is estimated at 6.3 billion Pi, with a maximum potential of 100 billion Pi. Before the listing, interest in Pi Network surged, with Google searches hitting record numbers. Currently, the app has surpassed 110 million downloads, placing it fourth in the Social category on Google Play.
Founded in 2019, Pi Network gained popularity in Vietnam, especially since 2021, due to its smartphone mining feature. However, precautions were raised by the Ministry of Public Security in June 2023, pointing out that the structure resembled multi-level Marketing schemes, urging users to be cautious of promises of high profits.
With mixed reviews on its value and concerns about its structure, the future of Pi Network remains uncertain.
Tags: Pi Network, Cryptocurrency, Pi Mining, Social Media, Cryptocurrency Exchanges, Market Value
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What is Pi cryptocurrency?
Pi cryptocurrency is a digital money created for everyday people to use. It allows users to earn coins by engaging in activities on the Pi Network, and they can trade or sell these coins on exchanges.
Why did Pi’s price change after its exchange debut?
When Pi cryptocurrency first entered exchanges, many people started buying and selling it. This caused the price to go up and down quickly, which is normal for new cryptocurrencies as people react to the news and Market trends.
How can I buy Pi cryptocurrency?
You can buy Pi cryptocurrency through approved exchanges where it is listed. First, you need to create an account on the exchange, complete any necessary verification, and then you can buy Pi with other cryptocurrencies or traditional money.
Is it safe to invest in Pi cryptocurrency?
Like all investments, there are risks involved in investing in Pi cryptocurrency. It’s important to do your own research and understand how cryptocurrencies work. Only invest what you can afford to lose.
What can I do with my Pi coins?
Once you have Pi coins, you can hold onto them in hopes that their value will increase. You can also trade or sell them on exchanges for profit. Additionally, there may be future opportunities to use Pi in online transactions or purchases.
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