Contents
Key Takeaways:
- The majority of the gains made on August 25 by the Pi coin have been erased.
- The following objective could need a drop in PI of 25% from where it is at now.
- Pi Network has announced the “Pioneer” meetup space Fireside Forum.
The native token of Pi Network’s cryptocurrency mining tool, Pi Coin (PI), saw its value increase by 4.3%, from $38.60 on September 11 to $43.40 on September 12.
Pi Network (PI) daily price action chart.
After falling 35% from its peak of $62 on August 25, when the green candle finally appeared, this is noteworthy.
This caused the price of Pi to fall below the $40.4-41.7 level, which had previously served as support but is now resistance. There was a 4% increase in trade volumes on September 12 (247,500), but it’s not clear if that will be enough to get the PI token over the hump. If the coin fails to maintain its present price, a 25% drop to $30 is the next possible goal.
Fireside Forum is announced by Pi Network, but not Mainnet
The Pi Network team introduced the Fireside Forum on September 11 as a “novel social media experience” for pioneers who own Pi coins.
And while one of the Pi core team members did conduct a survey to find out why people were following the Network, several commenters brought up the sensitive topic of the still-unreleased Pi Network Mainnet.
The team has often announced the launch but has not provided a firm date.
BTCC will keep you updated with the Pi ecosystem hype, especially the Pi Network launch date. Read the following articles for more information about the Pi Network:
- Will Pi Network Ever Launch? What Stage is Pi Network Now?
- Is Pi Network Legit Or Scam: Pi Cryptocurrency Real Or Fake?
- Pi Network Launch Date: When Will Pi Coin Enter The Market?
- Pi Network Price Prediction Hinges on Its Open Mainnet Launch
- Pi Network 2022 Year-End Update
- Pi Network Review: Is Pi a Scam?
- Pi Wallet: Does Pi Network Have a Wallet App?
- Pi Network News: Will Pi Coin List on Binance?
- How to Create a Pi Network Invitation Code
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Pi Coin FAQs
1. Is Pi coin real or fake?
Currently, no one knows the answer to the question whether Pi coins are real and legal. There is no cost to install the application. However, there may be issues regarding data privacy and lack of transparency.
2. Is Pi Network worth anything?
As Pi Network is still in its enclosed mainnet period and has not yet launched the open mainnet, the platform insists that its token is currently not tradeable during the period. We believe that Pi coin will have its own real value only when Pi Network launches the much-anticipated open mainnet to the public finally. So will Pi ever be worth money? We have to wait and see.
3. How much is 1 Pi in dollars?
Though several exchanges such as Huobi has listed Pi coin and shows live Pi network value, the Pi Core team asserted that all these listings were conducted independently of the team and were not approved. The team is calling for the removal of the coin from these exchanges and is warning users not to engage in trading at this time.
4. What stage is Pi Network now? Will Pi Network ever launch?
Pi Network has evolved over the years and is currently in its final stages of opening the mainnet to the public. The transition is on schedule, but there is no definite timeline yet.
5. Does it have a Pi wallet app?
Yes, but Pi wallet currently only connect to the Testnet, with only Test-Pi for testing. It will have the real Pi coins inside when Pi Network mainnet goes live, when it will enable actual Pi transfers.
6. Is Pi mining legal?
Yes, it is legal as it does not involve any cash investments to mine it. All you need is about 20 seconds of your time (typically less than 20 seconds) to click on the lightning button to start mining once every 24 hours. If you already have the app, you can wait to see if the founders build something of significant value.
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