There is a lot of conjecture in the Pi Network community over its ability to surpass Bitcoin. There have been a lot of talks on the Open mainnet, and fans have been providing consensus comments.
Concern about Pi Network
Their answer is Pi Network, which debuted in December 2018 and was formally introduced on March 14, 2019 (Pi Day), with increasing community involvement since then. More than 35 full-time Core Team members work around the world now to support a community of over 47 million ardent participants who are dispersed throughout the world to conduct decentralised efforts in the direction of the shared goal.
Around the world, millions of people are mining the Pi cryptocurrency, and these fans are keeping a careful eye on the Pi Network. Pi Network uses a novel mobile mining mechanism in contrast to conventional mining techniques, rewarding its community for a variety of contributions to the Web3 app ecosystem. This article explores the fascinating query, “Can Pi Network surpass Bitcoin after the Open mainnet?” that has been circulating on Twitter recently.
There is a lot of conjecture in the Pi Network community over its ability to surpass Bitcoin. There have been a lot of talks on the Open mainnet, and fans have been providing consensus comments. The community is excited to explore the opportunities and difficulties that Pi Network may face in the future.
Envisioning the Cost of Pi Network at Bitcoin Level
The ramifications are enormous if Pi Network’s price were to match Bitcoin’s in a hypothetical situation. Achieving a market valuation comparable to that of Bitcoin, given its 10,000,000,000 total supply, would indicate a Pi Network capitalization of $370,000,000,000,000. Such parity appears unlikely, though, considering the $1,400,000,000,000 market capitalization as of right now.
Cryptocurrency Market
The Situation Where Bitcoin and Pi Network Capitalization Match
Investors are anticipating that Pi Network’s valuation will hit $72, thinking that it would eventually equal Bitcoin’s capitalization. The community has come to accept this figure. Given that Pi is now only available for $36 on HTX or Bitmart, reaching the $72 mark would be a major accomplishment.
Factors Affecting Price Growth
Many variables have a role in predicting when a product’s price will rise. Time is one of the most important factors for Pi Network to reach the value of Bitcoin. As of right now, Pi Coin is not formally listed on any exchange; instead, it is only exchanged on the Pi Network network. Regarding Pi’s present pricing, all forecasts are conjectural and predicated on conjecture.
A crucial component of Pi Coin’s worth is its trading situation. Its exclusivity to Pi Network’s network and lack of official exchange listings raises doubts about the accuracy of the price projections. Investors need to be cautious and keep in mind that the bitcoin market is always changing.
In conclusion, there is a lot of interest in the cryptocurrency community over the possibility that Pi Network can exceed Bitcoin. It will take time to bring Bitcoin and its value up to par. The community’s ongoing advancements and contributions will determine the worth of Pi Network. The knowledge that genuine value is proven over time should limit hasty assumptions about its current value. The Open mainnet is developing, and conversations are ongoing, thus the future course of Pi Network is yet unknown but full of possibilities.
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A crucial component of Pi Coin’s worth is its trading situation. Its exclusivity to Pi Network’s network and lack of official exchange listings raises doubts about the accuracy of the price projections. Investors need to be cautious and keep in mind that the bitcoin market is always changing.