Overview of Pi Cryptocurrency

The Pi Network is attracting global attention as a next-generation cryptocurrency project. The current Pi price is hovering around $46, having risen to nearly $88 at its peak in November. It is pioneering new possibilities with a distinctive approach that differs from traditional cryptocurrencies.

Historical Comparison of Bitcoin and Pi

When Bitcoin was founded in 2009, its value was 0. It wasn’t until July 2010, about 1 year and 7 months later, that it finally gained a value of $0.1, and it rose to $3 in 2012, 3 years and 4 months later. This growth process illustrates the typical development pattern in the early days of cryptocurrency.

On the other hand, Pi has maintained a notable value even before trading began, reflecting the difference in the maturity of the cryptocurrency market.

Analysis of Pi’s Market Price

Pi’s price movement in the pre-market shows very interesting characteristics. The price fluctuating in the range of $46 to $88 reflects the high expectations of market participants.

The case of the recently listed Major token is a good example demonstrating the reliability of pre-market prices. Major has maintained a stable price range of $1.04 to $1.06 after listing, which is characteristic of tokens with good use cases and investor bases.

Even considering a listing scenario at 10 cents, it would mean reaching the price level that Bitcoin took a year to achieve, on the very first day.

Pi’s Technical Features and Development Plan

The Pi Network has the following distinctive elements:

• A clear upper limit setting where mining ends when the number of miners (Pioneers) reaches 100 million
• A phased development approach
• A community-centric operational policy

Phased Development Approach

The development of the Pi Network consists of three important phases:

Prenet: Initial test network phase

Closednet: Test phase with limited participants

Mainnet: Full-scale operation phase

Pi Fest, scheduled for October 2024, will be an important milestone in this development process and an opportunity to strengthen the physical cohesion of the community.

Changes in Market Recognition

Unlike the initial challenges of acceptance faced by Bitcoin, Pi is being deployed in an already mature cryptocurrency market. Understanding and acceptance of cryptocurrency have significantly improved in modern times, which is a favorable environment for Pi’s growth.

Current State and Outlook of the Cryptocurrency Market

The total market capitalization of the current cryptocurrency market has reached approximately $3.3 trillion ($3,300 billion). This scale exceeds the total debt of many countries, indicating that cryptocurrency has already been established as an important financial asset class.

Future Outlook

The cryptocurrency market has the potential to parallel or even surpass the traditional currency system in the next 10-15 years. The Pi Network is expected to occupy an important position in this growing market, leveraging its unique characteristics and strong community base.

Summary

The Pi Network shows notable growth compared to the early stages of Bitcoin and is supported by a clear development vision and a strong community. Leveraging the mature market environment and unique technical features, it is expected to play an important role in the future cryptocurrency market.