As Bitcoin records an all-time high of $100,000, let’s take a closer look at the reality of the cryptocurrency market and the Pi Network, which holds new possibilities.
Current State of the Cryptocurrency Market
Reality of Exchanges
In the current cryptocurrency market, Binance records a daily trading volume of $491 million and Coinbase records $137 million. However, the majority of these transactions are merely fluctuations in numbers within the exchanges, not involving actual asset movement.
Reality of Price Fluctuations
In November, Bitcoin surged from $16,000 to $90,000, but is this price increase based on real demand? We need to examine the reality of trading on centralized exchanges.
Pi Network’s Innovative Approach
4 Major Use Cases
- OTC Platform: Enabling direct transactions
- Decentralized Exchange: Transparent trading environment
- Real-World Marketplace: A practical place for transactions
- Goods and Services Trading: Linking with the real economy
Sustainable Value Creation
Pi Network aims for practical value creation, not just speculative price increases. The current value of approximately $1 is expected to grow to $10 after the mainnet opens, and potentially up to $100 in the future.
Important Considerations for Investment
Risk Management
Trading on centralized exchanges involves risks such as price manipulation and sudden crashes. A long-term perspective on investment strategy is important.
Long-Term Outlook
Pi Network aims to establish itself as a practical digital currency usable globally. It focuses on sustainable value creation rather than short-term profits.
Summary
Without being swayed by the rapid price fluctuations in the cryptocurrency market, Pi Network’s efforts to create true value demonstrate new possibilities for the future of cryptocurrency. When making investment decisions, it is important to consider not only short-term price fluctuations but also the potential for long-term value creation.