Pi Network Price Prediction 2024: Five Years On, Will PI Ever Come Out?
Is Pi Network A Good Investment?
Despite having been launched in March 2019, the Pi Network’s PI coin is yet to be available on the open market.
No date for the platform’s mainnet launch has yet been announced.
PI is mined by pressing a button on a mobile phone app.
Five years to the day after it was first announced, the much-touted Pi Network cryptocurrency is still unavailable on the open market. Despite that, though, the coin is still one of the most hotly discussed cryptos out there.
This is no mean feat for something that does not have any kind of actual market value. While this year has seen a hackathon and the launch of an online social space, there is still no indication as to whether people will be able to buy, sell, and trade the PI coin.
In late 2023, Pi hinted that it might launch its open mainnet in 2024, providing certain conditions were met. Meanwhile, on February 9 2024, it reached its three-millionth Twitter follower.
Pi Network did not immediately respond to a request for comment.
But what is Pi Network (PI)? How does the Pi Network work? Let’s take a look and see what we can find out and also examine some of the Pi Network price predictions that were being made as of March 14 2024.
Pi Network (PI) Explained
In the world of cryptocurrency, one of the most common ways to make money is through mining crypto. In the case of such coins as Bitcoin (BTC), involves solving an increasingly complex set of mathematical equations. There is, however, one problem with this. Since the equations get more and more difficult to solve, they require more computational power. As things go on and time progresses, mining moves out of reach of most people and also damages the environment.
Pi Network is a crypto platform that aims to make mining crypto simple. Rather than go through the rigmarole of solving equations, people simply tap a button on a mobile phone app to mine the system’s native token, known as PI.