Five years after its announcement, the highly anticipated Pi Network cryptocurrency remains unavailable for trading. Despite this, it continues to garner significant attention within the crypto community. Pi hinted at a potential mainnet launch in 2024 but has yet to confirm. The platform boasts millions of users but lacks a clear path for buying, selling, and trading its native token, PI.
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Founded by American academics from Stanford University in 2018, Pi Network simplifies cryptocurrency mining through a mobile app. Instead of solving complex equations, users mine PI with a tap on their phones. The network operates on a halving system to ensure scarcity, reducing mining rewards as user numbers increase.
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Recent developments include a hackathon, the launch of a social platform called Fireside Forum, and efforts to promote decentralized application development. However, a definitive mainnet launch date remains elusive, contingent upon various factors.
Several price predictions for PI reflect speculative nature due to its absence from the open market. CoinCodex projects short-term prices, while DigitalCoinPrice and PricePrediction.net offer optimistic long-term forecasts. WalletInvestor also provides positive predictions but emphasizes the uncertainty surrounding PI's current status.
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Whether Pi Network is a good investment remains unclear, as its unavailability for trading limits assessment. The potential impact of a future mainnet launch on market dynamics remains uncertain. Crypto prices fluctuate unpredictably, making informed research crucial for any investment decision if and when PI becomes tradable.
