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Highlights
- Since the launch of Bitcoin, the cryptocurrency market has grown by leaps and bounds.
- Pi Network cryptocurrency continues to attract crypto enthusiasts despite not being released on cryptocurrency exchanges.
- The Pi coin was created for smartphone users a few years back.
Since the launch of Bitcoin, the cryptocurrency market has grown by leaps and bounds. As of writing, there were more than 19,000 cryptocurrencies trading worldwide, according to CoinMarketCap data.
Amid the rising popularity of virtual currencies, Pi Network cryptocurrency continues to attract crypto enthusiasts despite not being released on cryptocurrency exchanges.
The Pi coin was created for smartphone users a few years back. It claimed that users could mine the Pi crypto on smartphones.
Can you buy the Pi coin?
As stated earlier, the Pi Network crypto is not listed on any cryptocurrency exchange. However, users can mine the crypto on their phones, and the number of mobile phone miners is reportedly growing.
Smartphone users are mining the crypto in hopes that they will receive higher returns if and when the Pi Network crypto gets launched in the crypto market.
Also Read: Bitcoin SV (BSV) crypto records surge in price and volume. What's next?
According to the official website, Pi Network has more than 33 million users, and they are helping the platform grow.
Is Pi Network crypto real?
The application is real, but nobody knows the actual value of the Pi Coin as it is not available for trading on an exchange.
The company is active and has millions of users but whether the minted coins will debut in the market or not is uncertain.
In April, the company asked people on Twitter to download their app and join the crypto revolution, but as there is no current price of the Pi Network crypto to go by, the value of the crypto is nothing as of now.
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Bottomline
Until and unless the Pi Coin starts trading in a market, users should stay cautious as the company appears to be collecting their personal information and accumulating data of millions of users.
In today's world, data is essential, and it should be one's priority to secure the data.
Some reports claimed that the Pi Coin could be launched later this year, but it seems highly unlikely.
Also Read: ANKR crypto price is down and volume is up 18%. What's next for Ankr?
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