Can Pi Network Surpass Bitcoin After The Open Mainnet

The Pi Network community is buzzing with speculation about its potential to outshine Bitcoin. The Open mainnet has sparked intense discussions, with consensus feedback pouring in from enthusiasts.

Can Pi Network Surpass Bitcoin After The Open Mainnet_65d5cc91b3ac4.webp

About Pi Network

Pi Network—which first appeared in December 2018 and officially launched on March 14, 2019 (Pi Day), with growing community participation since then—is their solution. Today, more than 35 full-time members of the Core Team around the world strive to enable a community of more than 47 million passionate members and spread across the globe to carry out decentralized efforts towards to the common purpose.

Cryptocurrency enthusiasts worldwide are closely watching the Pi Network, a thriving community of millions engaged in mining the Pi cryptocurrency. Unlike traditional mining methods, Pi Network leverages an innovative mobile mining mechanism, rewarding its community for diverse contributions to the Web3 app ecosystem. This article delves into the intriguing question that’s recently surfaced on Twitter: “Can Pi Network surpass Bitcoin after the Open mainnet?”

1699955021

The Pi Network community is buzzing with speculation about its potential to outshine Bitcoin. The Open mainnet has sparked intense discussions, with consensus feedback pouring in from enthusiasts. The community is eager to unravel the possibilities and challenges that lie ahead for Pi Network.

Imagining Pi Network’s Price Equal to Bitcoin

In a hypothetical scenario where Pi Network’s price equals that of Bitcoin, the implications are staggering. With a total supply of 10,000,000,000, achieving a market capitalization equal to Bitcoin’s would imply a Pi Network capitalization of $370,000,000,000,000. However, given the current market capitalization of $1,400,000,000,000, such parity seems unlikely.

1699954733

Cryptocurrency Market Cap

The Case of Pi Network Capitalization Matching Bitcoin

Investors are contemplating the idea of Pi Network’s capitalization reaching parity with Bitcoin, speculating a price of $72. This number has gained acceptance within the community. It’s noteworthy that the current price of Pi on HTX or Bitmart is $36, making the $72 threshold a significant milestone if achieved.

Factors Influencing Price Increase

Predicting a product’s price increase involves a multitude of factors. For Pi Network to attain the value of Bitcoin, time is a crucial element. Presently, Pi Coin is exclusively traded on Pi Network’s network, not officially listed on any exchange. All predictions regarding Pi’s current price are speculative and based on assumptions.

The trading status of Pi Coin is a critical aspect of its valuation. Limited to Pi Network’s network, its absence from official exchange listings adds an element of uncertainty to the price predictions. Investors must exercise caution and consider the evolving nature of the cryptocurrency market.

Conclusion

In conclusion, the prospect of Pi Network surpassing Bitcoin is a captivating topic within the cryptocurrency community. Achieving parity with Bitcoin is a journey that requires time. Pi Network’s value will be established through sustained contributions and developments within the community. Quick assumptions about its current value should be tempered with the understanding that true value is proven over time. As the Open mainnet unfolds, and discussions continue, the future trajectory of Pi Network remains uncertain yet filled with potential.

(147 votes)

5.0/5

(147 votes)
  1. Avatar of Burhanuddin
    Burhanuddin

    Komunitas pi network

  2. Avatar of Kakule Vatsurana Michel
    Kakule Vatsurana Michel

    Le contenu de cet article semble plus objectif que toutes les spéculations avancées!

  3. Avatar of Kennedy
    Kennedy

    How can I do my kyc am having issues completing my KYC

  4. Avatar of
    Anonymous

    I need help on the kyc

  5. Avatar of Muhammad Aslam
    Muhammad Aslam

    Good article

  6. Avatar of ALIYU MIKA'IL
    ALIYU MIKA'IL

    Pi is our expectations
    Pi to the moon

  7. Avatar of
    Anonymous

    非常完美

  8. Avatar of Freek Oosthuizen
    Freek Oosthuizen

    Pi can be utilised anywhere in the world and superfast, secure transactions, only by humans!!

  9. Avatar of yunanasi50@gmail.com
    yunanasi50@gmail.com

    Brighter future await ✌️✌️✌️

  10. Avatar of Viễn
    Viễn

    Bài viết hay, khi mạng Pi mở sẽ có thêm những điều thú vị sảy ra

  11. Avatar of Ukonu Kyrian
    Ukonu Kyrian

    Pls i sincerely needs help to complete my KYC, it’s actually giving me issues.

  12. Avatar of
    Anonymous

    Have they give you kyc slot

  13. Avatar of Maisnam Priyokumar Singh
    Maisnam Priyokumar Singh

    Ahead of the open mainet of PI, some hacker are emerging even within the PI browser, I had rise a complain/request to the support portal of PI but no respond yet.The hacker had stolen my all migrated PIs which mined from 4 years.

Comments are closed.

Latest

Azcnews Breaking Crypto Market Recovers, But Weakness Remains As Trading Volume Drops

News | Bitcoin | Editor Choice

Crypto Market Recovers, but Weakness Remains as Trading Volume Drops

The crypto market is rebounding, but declining trading volume and fading momentum raise concerns about the sustainability of the recovery.

Bitcoin Experiences Significant Volatility Over The Past 24 Hours

News | Bitcoin | Editor Choice

Bitcoin Experiences Significant Volatility Over the Past 24 Hours

Bitcoin has experienced significant volatility, but signs suggest the worst of the sell-off may be over, paving the way for a potential accumulation phase.

Bitcoin Rebounds Amid The Battle Between Whales And Retail Investors

News | Bitcoin | Editor Choice

Bitcoin Rebounds Amid the Battle Between Whales and Retail Investors

Bitcoin has recovered its losses, but a tug-of-war between cautious whales and optimistic retail investors raises questions about the market's next move.

Azcnews Breaking Bitcoin Rebounds To Nearly $89,000

News | Bitcoin | Editor Choice

Bitcoin Rebounds to Nearly $89,000 as Investors Look to S&P 500 Recovery

Bitcoin remains in a distribution phase as selling pressure persists, but easing macroeconomic uncertainties could pave the way for a market rebound.

Azcnews Breaking Bitcoin Plunges Back To $86k

News | Bitcoin | Editor Choice

Bitcoin Plunges Back to $86K, Erasing Nearly All Gains from the Previous Day

Bitcoin experiences sharp volatility, plunging back to $86K after a brief surge past $94K, as exchange flows and investor sentiment drive market dynamics.