Do you want to know what is Pi Network, what is Pi Network, if yes, then in this post we will give you some important information related to Pi so that this topic becomes clear to you.
PI is a Cryptocurrency, so before understanding it, let us know what is Cryptocurrency.
What is cryptocurrency:
Crypto currency is a digital currency i.e. it has a virtual form, which you cannot touch, but you can view this currency through your computer, laptop or mobile and this currency is stored in your digital wallet.
Cryptocurrencies are not issued by governments or banks, but by a community. Cryptocurrencies are based on Blockchain technology, and are kept cryptographically secure. Cryptography is a type of encryption security system, which provides security to this digital currency and it is not easy for anyone to tamper with it.
When it comes to spending cryptocurrency, it can be used to buy goods and services digitally like any other currency, or it can be sold and exchanged for another currency.
Whenever it comes to cryptocurrency, we tend to think of bitcoin as it is a well-known cryptocurrency, which was launched in the year 2009. Since the introduction of bitcoin, this currency became very famous among the people, due to which today the price of one bitcoin is approximately equal to 7 lakh Indian rupees.
Similarly, over time, many other cryptocurrencies came in the market and died, that is, they did not get the fame like bitcoin.
In this episode, now a new cryptocurrency remains the subject of discussion among the people, which is named PI, let us now know what is PI cryptocurrency.
What is Pi Network? what is pi network in hindi
PI Cryptocurrency was created in March 2019 by three PhD graduates studying at Stanford University California. This is the first ever cryptocurrency, which can be mined on mobile as well, that is, mining facility was not available on mobile phone in any digital currency earlier.
Although the process of cryptocurrency mining is quite complex and expensive, and also requires specialized equipment, the whole complex process is made easy in the Pi network.
You can mine at any time from your smartphone by downloading the PI Network app for free from Google Playstore, i.e. even if the user has no previous experience in digital currency mining, he can easily install it. and start mining.
Initially beta version of PI was released and its number of users was also very less but in the last almost one year time its network has grown a lot and the number of users joining it has also increased to more than 60,00,000 . That is, it is getting good response from all over the world.
Pi Network: Pi Coin Price Prediction for 2022-2025
Like other digital coins at launch, the price of the Pi cryptocurrency is likely to start at a relatively low level against the US Dollar and increase as usage increases. What do some price forecasters suggest?
Cryptocurrency data provider CoinMarketCap and algorithm-based forecasting site Wallet Investor both list a current price of $0.007077 for the Pi coin.
In March of this year, Wallet Investor’s pie crypto prediction was $0.0132, a drop of $0.00743. However, according to the website, she is no longer updating her forecast.
On January 24, DigitalCoin’s Pi network price forecast calculated that the coin’s price could increase by an average of 0.01 against the US dollar in 2022 and $0.015 by 2025. In the longer term, it predicts that the price of the PI could average $0.024 by 2028. ,
According to crypto exchange Changelly, depending on the number of cryptocurrency users and exchanges adopting Pi, the price of the coin could launch at $0.16 in a bull case and reach $1 a year later. Over the long term, the price could rise to $5 in five years’ time.
It is important to note that the cryptocurrency market remains extremely volatile, making it difficult to predict precisely what the coin will be worth in just a few hours, and also difficult to give long-term estimates. As such, analysts can and do make their predictions wrong.
We recommend that you always do your own research, and consider the latest market trends, news, technical and fundamental analysis and expert opinion before making any investment decisions. And never invest more than you can afford to lose.