Pi Network’s coin is the first of its kind upcoming cryptocurrency that can be mined from mobile phones. However, it has been surrounded by numerous uncertainties and speculations.
A segment of crypto enthusiasts argues that Pi coin is worth nothing, and it is a scam. New users fear that it consumes data and drains the mobile battery. However, the Pi community claims that it is developed on the social chain and is easy to access.
Pi’s core team is yet to release any exact figure on its initial coin listing price. But reports suggest that the coin listing may take place by the end of this year.
Pi Coin Price Predictions
Pi is currently worth near zero-dollar, just like Bitcoin was in 2008, as per details on its network app. Bitcoin price surged to one US dollar in February 2011. If Pi’s value rises in line with Bitcoin’s historical price data, it could be worth one dollar by 2024.
Pi’s price will be decided by the mining operations, which include social campaigns, goods, and services, as per the project’s website.
Is Pi Mining Eco-Friendly?
The project team claims that Pi is a planet-friendly digital token as it does not require crypto mining equipment like Graphic Processing Units (GPUs) and application-specific integrated circuit (ASIC).Over 18 million Pi Network’s app users have been mining this upcoming digital currency. The network has not provided information on the maximum supply limit. A rising number of miners may lead to internet data and electricity consumption.
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