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Pi Network’s Open Mainnet was launched officially on February 20, enabling users to transfer their Pi Coin outside the network for the first time. With the launch, PiCoin is now available on prominent cryptocurrency exchanges like OKX, Bitget, and CoinDCX. Additionally, this is the beginning of genuine trading, value, and investment opportunities for PiCoin traders.
Pi Coin’s price witnessed sharp crash following mainnet launch and dropped substantially by more than 55% to around $1. Before the launch, some investors were trading PiCoin at very high prices, which created unrealistic expectations about it.
Let’s compare the PiCoin with the biggest cryptocurrency in the world, Bitcoin.
Pi Coin: Pi Network happens to be a unique cryptocurrency platform which combines social interaction, developer tools, and real-world applications altogether. Additionally, the platform allows users to easily mine and transact Pi Coins using mobile devices. Meanwhile, this also supports a wide range of applications built on its blockchain ecosystem. PiCoin is the newest entrant in the world of traditional cryptocurrencies.
Bitcoin: Bitcoin is the first decentralized cryptocurrency, which is based on a free-market ideology. This was invented in 2008 and is now the world’s biggest cryptocurrency.
ALSO READ: Pi Coin Recovers After Crash During Mainnet Launch – Check Latest Price And Other Details
The current price of Pi Coin is $1.537992 with a current market cap of $0. Its 24-hour trading volume is $85.70 million, according to Binance.
According to the Binance data, the current price of Bitcoin is $91,867.02 with a current market cap of $1,821.60 billion. Its 24-hour trading volume is $48.20 billion.
Bitcoin requires powerful computers to mine, which can cost huge amounts when mining. Meanwhile, Pi coins can be easily mined using a mobile app.
ALSO READ: Pi Coin: How To Mine, Buy And Trade THIS Cryptocurrency? Easy Steps Inside
Written By
Akshat Mittal
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