Wednesday, November 30, 2022
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    Is Pi coin a good investment or a scam?


    Pi Community has turn into one of the well-liked initiatives within the “cryptocurrency” business. The coin, which is but to be launched, has hundreds of thousands of customers from all over the world. On this article, we’ll discover whether or not the Pi coin is an effective funding or whether or not it’s a rip-off.

    What’s Pi Community?

    Cryptocurrencies have turn into extraordinarily well-liked previously few years. At their peak, all cryptocurrencies had a market cap of over $3 trillion, with Bitcoin being the dominant participant. 

    Whereas cryptocurrencies have gotten well-liked, they haven’t but gone mainstream like fiat currencies. On the identical time, the method of mining them is comparatively difficult and costly.

    Pi Community is an organization that hopes to vary this by making it extraordinarily simple to mine cryptocurrencies and spend it. Not like Bitcoin and Ravencoin mining, anybody can mine PI coin supplied that they’ve an Android or iOS smartphone. 

    Pi Community has turn into extremely well-liked. In keeping with Google, its utility has been downloaded by greater than 50 million individuals. Of those customers, 536k of them have left their opinions, with a median score of 4.5*. 

    Pi Community has additionally been downloaded by hundreds of individuals on iOS, the place it has a median score of 9.3. Due to this fact, it’s estimated that Pi has greater than 10 million energetic customers. This can be a large quantity since it’s an invite-only utility.

    These customers mine cryptocurrency by simply logging in to the app and urgent a button or watching an commercial. 

    Pi Coin value prediction

    Not like well-liked publicly-traded cryptocurrencies like Ethereum and Polkadot, it’s not possible to do a Pi coin value prediction since it isn’t listed in any alternate. 

    Pi holders can’t money their cash for money. As a substitute, they need to maintain it of their wallets and hope that the builders will record it in exchanges.

    As such, a generally requested query is whether or not Pi Community is a real cryptocurrency or whether or not it’s a rip-off. Whereas there are numerous proponents, I consider that it’s a rip-off for 2 fundamental causes.

    First, Pi Community was launched in 2018 with a promise that will probably be listed in high cryptocurrency exchanges like Binance and Coinbase. A full 4 years and it’s nonetheless unclear when will probably be launched. Second, it’s onerous to see how Pi Coin will derive its worth even when it begins buying and selling. 

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