Hello, crypto traders, this is your mate team themidom, today in this post, you will know a brief introduction about pi cryptocurrency, and also you will know about pi network price.
So, without any delay let's get started. Before getting started, I recommend having basic knowledge about cryptocurrency, so if you want to go for your own research, you are most welcome to go, but if you want to know from us, You can get it from the home page of this blog.
It is the newest digital currency project to grab the attention of the crypto community, even before it has fully launched. So, Pi/Pi Network is a digital currency or cryptocurrency project that aims to keep crypto-mining accessible to all. It is the first digital currency that enables users to mine coins using its mobile phone app. The Pi Network is developed by a team of Stanford graduates.
Phase 1 of Pi was launched in 2019 on Pi day, March 14, with its free pi mining app, it took the name of pi from the number π. And its popularity increased very soon, By the end of June 2019, it had more than 100, 000 active users. Later a year, when phase 2 was launched it received more than 3.5 million active users, now (22/06/2021) it got more than 14 million active users.
Pi Coin is a cryptocurrency that runs on the Pi network.
When the pi coin was in phase 1 it allowed its user to mine 1.6Ï€ per hour. But when its user reached more than 100,000 it halved (A cryptocurrency coin halving is when the reward for mining coin transactions is cut in half) it's earning to 0.4Ï€ per hour and when it reached 1 million again it halved to 0.2Ï€ per hour, it will continue like this until reaches zero at 1 billion users. You can understand from the following graph.
If you are wondering to buy Pi Coin for your crypto portfolio, it is not yet possible. When the third phase of the pi project will launch, it will completely move to the decentralized blockchain, users will able to withdraw or exchange their coins.
Is pi coin a scam
Well, the pi coin is considerably not a scam. It is just like the beginning phase of bitcoin, ethereum, and other cryptocurrencies, they also allowed their active users to mine coins for free. And pi is doing the same thing, it is allowing its active users to mine for free.
And it announced that pi will be listed on the exchange at the end of the year 2021. So, let us wait for that moment. If you still have a lot of doubt about pi, then I recommend visiting their official website, and you will get your answers.
If you think that how pi finances their project? the simple answer that they run ads, and it provides a source of finance for the project, the app started running ads in May 2020.
And, if you think that for free mining, you need a high-powered computer, then you are wrong my friend, for free mining you just need a smartphone then you need to sign in or log in from a referral link, then click on the ⚡ button from the right, then you will start earning pi, so here's the referral link.
And if it asks for an invitation code then use (HankHolme)
And you need to click on the ⚡ button from the right every 24 hours.
pi network price
As you know pi is not yet listed in the exchanges, so it is quite impossible to predict its prices before its launch. The direction of the pi's price will depend on its popularity among crypto investors, and also people's emotions as well as government intervention.
Some forecasts predicted that it could start with a value of around $0.01.
The Pi is going to be launched during the third phase of the development of the Pi Network, a date is still not fixed, it depends on the progress of the testing and listing on crypto exchanges.
If Pi is widely exchanged, then it could reach $1 very soon after its listing in the cryptocurrency market. Some also predicted that over the long term it could reach $5.
Is Pi a good investment
As I told you earlier, it is not yet launched, but you can give it a try. It is absolutely free, it won't cost you much space in your smartphone, as well it won't drain the battery. You just need to give 10-20 seconds each day to refresh earning session.
Depending on the number of pi users and cryptocurrency that adopt pi, the bull run could let you earn a greater profit. If it shows no response towards crypto-traders, then you aren't going to lose a single penny.
In conclusion, I can say that you have to give it a try.
Some tips for you
If you are a newbie crypto-trader or just a beginner, then some professional advice for you. You can use the following strategy, for excelling in the crypto mar
1) Don't always depend upon others.
2) Follow the golden rule of investing - Be greedy when others are fearful, and be fearful when others are greedy.
3) Always do your own market research.
4) Believe in your own instincts as well as experience.
5) Be socially aware - always monitor the tweets of big investors, celebrities regarding cryptos.
6) Don't panic during a bear strike/price fall. And try to keep patience.
7) Focus on long-term investing.
8) Don't keep all your eggs in one basket - It means don't invest all your money in just single crypto, try to diversify your crypto investing. It will help you to suffer loss.
9) Always invest that amount of money, which you are can bear the loss.
10) Always remember the above 9 advices.
So, mate you are free to follow or not follow the above advice. And always use your past experiences to predict future prices.
Look like it's time to take a leave from you. Thanks for giving your time, And don't forget to share with your investor friends. See ya in the next post.
-- Team Themidom.😇😇