Crypto Market 🔥 Is the PI Network worth Anything?

Crypto Market | KYC PI Network | PI Network

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Welcome to our Crypto Market Video!

Pi Network explained
The Pi Network was established by Stanford University academics Nicolas Kokkalis and Chengdiao Fan in 2018. On 14 March 2019, they published a whitepaper and released the Pi Network app.

The Pi Network app is used to mine the Pi cryptocurrency, with users pressing a button every 24 hours.

Users get an invitation code from a member to join the app. The platform has a referral system in which users earn extra money based on how many new users they sign up.

Pi Network differs from many other cryptocurrencies in that it employs a proprietary mechanism known as the Stellar Consensus Protocol, which enables users to receive benefits for their participation in the network.

There are four types of users on the Pi Network, These are:

Pioneer: People who mine Piby tapping the lightning button. There were more than 35 million Pioneers, as of 5 January 2023.

Contributor: Users provide a list of trustworthy users to the network in exchange for an incentive.

Ambassadors: People who bring new users to the network using their referral code.

Nodes: Participants using the Pi node software on their home computers.

Pi network price forecast
There are no pi network price predictions available, since the coin has not yet been formally launched. The Pi Network also lacks a price history, making it impossible to analyse how its price reacts to crypto market fluctuations.

If you want to make a crypto price prediction, you will need to consider the cryptocurrency’s existing and prospective use cases, the number of individuals who currently own Pi coins, the team of engineers behind it, the Pi Network’s future potential, and so on. In the case of Pi, there’s no way of knowing all these facts.

When much-anticipated projects are initially listed on cryptocurrency exchanges, their prices often surge over the first few weeks. When individuals hurry to acquire the new prospective ‘big thing’, the market cap rises due to the tremendous demand.

However, the price does not usually stay high for an extended period. It usually falls a few days after the first hype fades because people begin selling their coins to earn quick profits. Will the Pi Network suffer the same fate? We don't know. It may be that PI never launches on the open market.

According to Susannah Streeter, a senior investing and markets analyst at Hargreaves Lansdown, Pi “has no value” as it “cannot yet be traded”.

She also said that the app is based on “very nascent and experimental technology”.

She added: “Despite high claims, there is no assurance that this network will have a future, and it is much too early to know whether the coins acquired will be worth anything.”

What is the future of the Pi Network?
The Pi coin future price remains uncertain. While the Pi Network has aims to allow anybody to mine crypto and, like many other crypto platforms, wants to make blockchain technology more accessible, it has been riddled with controversies.

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Crypto Market video. Make sure to leave a like on the video if you gained value from it!

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⏰Timestamps⏰

00:00 Pi Coin Network Project introduction
00:11 Pi Coin Network Project
02:52 Pi Coin Network Project Summary
02:59 Pi Coin Network Project Outro

[vuqarqurbanov]

This video is a great insight into the PI Network and the current state of the crypto market.

[hasantutar]

The PI Network is definitely worth keeping an eye on as it evolves and matures.

[ceylinseren]

This video provides a helpful overview of the PI Network for those who may be new to the cryptocurrency space.

[tabi]

The discussion around the potential value of PI is intriguing and raises some important questions about the future of cryptocurrency.

[jasdjajsd]

Overall, this video is a great resource for anyone interested in the PI Network and the broader cryptocurrency landscape.

[sincapkafa]

It's interesting to see how PI is trying to tackle some of the issues that have held back other cryptocurrencies in the past.

[Games-bich]

I appreciate the nuanced analysis of the market trends and the insights into what's driving investor sentiment.