In recent years, Pi Network has stood out among developing cryptocurrencies for its focus on inclusion and accessibility, allowing anyone to participate through a simple smartphone app.
This model attracted millions of "Pioneers", as the network members are called, who mine the currency daily in a simplified and free way.
Now, with the full Mainnet launch approaching, expectations about the impact on the price of Pi Coin have generated great debates and market projections.
The Importance of the Mainnet Launch for Pi Network
The full Mainnet launch represents a fundamental shift for Pi Network, which has operated on a “closed Mainnet” basis until now. This initial model allowed for the mining and staking of Pi Coin among Pioneers, but without the possibility of open trading with other cryptocurrencies. As such, users have been able – until now – to mine and transfer Pi between internal accounts.
However, with the release of the full Mainnet, the coin will become accessible to the global crypto market, facilitating transactions and potentially increasing its usability for payments across a range of sectors.
The Pi Network team emphasizes that, in addition to the Mainnet, the creation of a solid infrastructure of applications that accept Pi Coin as a means of payment will be essential for the success of the network. This includes marketplaces, e-commerce and decentralized applications (dApps), which could consolidate Pi as a cryptocurrency aimed at real-world use.
Difference Between Pi Network and Other Cryptocurrencies
One of the great differentiators of Pi Network is its inclusive approach. Unlike other cryptocurrencies that require expensive equipment and high energy costs, Pi mining is done directly through the smartphone, without significantly impacting the battery and without the need for powerful processors.
This simplicity democratizes access to mining, allowing anyone to participate and accumulate Pi in a practical and free way. It is no wonder that there is a strong community (the Pioneers) that supports the development of the network and the token itself.
Furthermore, Pi Network prioritizes building a solid ecosystem before fully entering the exchange market, focusing on KYC (identity verification) and security so that users can trade with more confidence after the full Mainnet.
Pi Coin Price Projections After Launch
Currently, Pi Coin does not have a fixed market cap or a listing on traditional exchanges, as it is in the final stages of preparation for a full launch. However, some preliminary market caps have been observed on Pi Network’s own internal exchanges, with prices fluctuating between $40 and $60. Once the full Mainnet launch is complete, the Pi Coin price may experience significant volatility.
Pi Coin is expected to reach around $80 or even a little more by 2024, depending on the level of new user adoption and the increase in supply and demand. The launch is also expected to release a portion of the total 100 billion Pi Coins, potentially increasing the asset's liquidity and influencing its price.
On the other hand, there is a risk that the coin could experience a significant drop shortly after the Mainnet launch, as some Pioneers may choose to quickly sell their accumulated coins, generating selling pressure that could reduce the initial value of Pi Coin before it stabilizes.
Is It Worth Mining Pi Coin in 2024?
As Mainnet approaches, many new users are questioning whether it is still worth starting to mine Pi in 2024. The answer depends on each investor's goals.
With an already large base of Pioneers, Pi Network offers a lightweight mining structure with no direct costs, which can still be attractive to those willing to get involved with the project and accumulate coins in the long term. The expectation is that, after the full Mainnet, the Pi earnings per mining session will gradually decrease, which may make the process less advantageous for new entrants.
For current Pioneers, the launch is a great opportunity to test the true value of their coins in the market. However, new users may need to adapt to a reduced rewards system, which means slower accumulation of Pi Coins.
What Does the Future Hold for Pi Network?
Pi Network has built a global community with an innovative approach to accessible mining, but its success will depend on its ability to create a solid infrastructure that supports real-world use of Pi Coin.
With the Mainnet complete, Pi Network has the potential to compete with established cryptocurrencies in everyday transactions, especially if it can attract merchants and platforms to its ecosystem.
While the Mainnet launch is an important milestone, it is just the beginning of the challenge for Pi Network, which will need to ensure that Pi Coin is widely accepted and maintained by a growing user base.
Thus, the future of Pi Coin and its appreciation will be directly linked to the network's commitment to building a functional and secure ecosystem for its users, thus increasing trust and demand for the asset.
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