Pi crypto is a cryptocurrency that can be mined on mobile phones without consuming much battery or data. It was launched in 2019 by a team of Stanford graduates who wanted to make cryptocurrency more accessible and inclusive for everyone. Pi crypto has grown to over 35 million users in more than 230 countries, making it one of the largest and most distributed cryptocurrencies in the world.
But what’s new with Pi crypto? What are the latest developments and events that affect its price, adoption, and future? In this blog post, we will summarize some of the most recent and relevant Pi crypto news that you should know.
Pi Network Conducts One of the Largest Blockchain Migrations in Cryptocurrency History
On August 17, 2023, Pi Network announced that it had successfully migrated over one million users to its mainnet blockchain. This was one of the largest blockchain migrations in cryptocurrency history, as it involved transferring the balances of Pi tokens from the mobile app to the blockchain.
The migration was a major milestone for Pi Network, as it marked the transition from a testnet to a live network. It also enabled the peer-to-peer ecosystem of third-party apps to materialize, as these apps could now tap into a large network of users who had passed KYC and had cryptocurrency in hand to spend for various services.
The migration also increased the demand and value of Pi tokens, as they became more scarce and usable. According to CoinMarketCap, Pi crypto reached an all-time high of $28.07 on August 18, 2023, a 12% increase from the previous day.
Pi Coin Price Prediction – Is The Team Hiding Something?
On August 14, 2023, InvestingCube published an article titled “Pi Coin Price Prediction – Is The Team Hiding Something?”. The article questioned the real value of Pi Network and its token, as the holders eagerly awaited a proper exchange listing.
The article pointed out that Pi Network had not yet revealed its tokenomics, such as its total supply, circulating supply, inflation rate, or burning mechanism. It also noted that Pi Network had not yet partnered with any major exchanges or platforms, such as Coinbase, Binance, or PayPal.
The article suggested that Pi Network might be hiding something from its users, such as a low-quality product, a lack of innovation, or a scam. It also warned that Pi Network might face competition from other mobile-based cryptocurrencies, such as Phoneum or Electroneum.
The article concluded that Pi coin price prediction was hard to make without more information and transparency from the team. It advised the holders to be cautious and patient until Pi Network proved its worth and potential.
Missed the Worldcoin Boom? WLD Jumps 5% in Just One Day as Wall Street Memes Secures $23 Million
On August 12, 2023, InsideBitcoins published an article titled “Missed the Worldcoin Boom? WLD Jumps 5% in Just One Day as Wall Street Memes Secures $23 Million”. The article compared Worldcoin, a controversial crypto project that aims to create a world ID system using eyeball-scanning technology, with Pi Network, a more popular and user-friendly mobile-based cryptocurrency.
The article reported that Worldcoin had increased by 4% in just one day, reaching a market cap of $1.2 billion. It attributed this growth to the announcement that Wall Street Memes, a social media platform for meme stocks and cryptocurrencies, had secured $23 million in funding from prominent investors, such as Andreessen Horowitz and Sequoia Capital.
The article also mentioned that Wall Street Memes had partnered with Worldcoin to distribute its tokens to its users through its eyeball-scanning device. It claimed that this partnership could boost the adoption and value of Worldcoin, as well as attract more attention and controversy.
The article contrasted Worldcoin with Pi Network, which had a more simple and accessible approach to cryptocurrency distribution. It noted that Pi Network did not require any hardware or biometric data from its users, but only their mobile phones and social networks. It also highlighted that Pi Network had a larger and more diverse user base than Worldcoin, with over 35 million users in more than 230 countries.
The article concluded that Worldcoin and Pi Network were two different visions of how to create a global and inclusive cryptocurrency. It suggested that those who had missed the early Worldcoin boom might be better off participating in Pi Network instead.
Conclusion
Pi crypto is a mobile-based cryptocurrency that aims to make cryptocurrency more accessible and inclusive for everyone. It has grown to over 35 million users in more than 230 countries, making it one of the largest and most distributed cryptocurrencies in the world.
In this blog post, we have summarized some of the most recent and relevant Pi crypto news that you should know. We have covered the following topics:
- Pi Network Conducts One of the Largest Blockchain Migrations in Cryptocurrency History
- Pi Coin Price Prediction – Is The Team Hiding Something?
- Missed the Worldcoin Boom? WLD Jumps 5% in Just One Day as Wall Street Memes Secures $23 Million
We hope this blog post has helped you learn more about Pi crypto and its latest developments and events. If you are interested in learning more about Pi crypto or its products and services, you can visit their website or contact them directly. You can also follow them on Twitter or join their Telegram for updates and announcements. Thank you for reading!
