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If you’re wondering how to sell Pi Coin, you’ve come to the right place. This guide will provide you with all the necessary information about trading Pi coins. Moreover, we will help you understand the market dynamics and learn the best options for Pi trading.
Choosing the right exchanges and executing your trades with confidence is easy if you have all the pertinent information.
Pi Network Coin is growing in popularity, and investors are eager to learn more. Pi Coin news abounds in the markets, but with so much different and even contradictory information, it’s hard to decide what to believe, especially if you contemplate buying or selling these cryptos.
What Is A Pi Network Coin?
Pi Coinis an entirely new type of digital currency. Backed by an ambitious group of Stanford PhDs, it aims to offer all the benefits of Bitcoin without any of its risks. It’s important to acknowledge that Bitcoin, like many cryptocurrencies, carries significant risk due to its inherent volatility.
Mining Pi Coins is very simple. It doesn’t require much experience from traders; in fact, anyone can mine it through their mobile device, which makes this crypto an attractive choice.
Besides, its platform gives investors access to over 55 million “Pioneers,” while also simplifying Web3 integration. It requires no specialised blockchain knowledge thus both beginner and professional investors, traders, and developers can use it.
This platform comes with a robust suite of developer tools. The sign-up process is swift and easy. Users can create and register diverse business models through various revenue-generation options.
Creativity knows no bounds, and thus, developers can try out all of their ideas. The platform’s support includes mentorship if you need some help. Besides, the company offers Pi cryptocurrency rewards for its customers. And it focuses on an eco-friendly blockchain that will enable low transaction fees and high throughput.
This combination makes the Pi Network an enticing environment for innovative development in the digital realm.
What Are This Token’s Other Advantages?
The Pi Network rewards users for their active participation, with Pi Coin being a central component. By purchasing this crypto, you become a member of its dynamic community. Within this ecosystem, there are four primary user types:
- Contributors: Pioneers who contribute to the network’s security by adding other trusted Pioneers to their Security Circles. These Security Circles collectively help build a global trust graph used by the Pi consensus algorithm to secure the Pi blockchain.
- Ambassadors: Pioneers who introduce others to the Pi Network, helping to grow the community and expand the network.
- Pioneers:Those who mine Pi by engaging with the app, with an impressive count of about 35 million.
- Nodes:Users power the system by deploying Pi node software on their PCs, contributing processing power.
When it first appeared on the market, many speculated about the Pi Coin value in the short and long term, or whether this cryptocurrency project would be successful. Pi Network price predictions abounded on the crypto market.
Despite contrasting forecasts, thus far, this crypto remains strong and its price history shows its resilience. Initially, the mining rate stood at 1.6 Pi/h, but with the surge in users, this rate adapted.
The number of users hit milestones of 100k and 1m, with the company modifying the incentives based on market conditions and network stability. It also decreased the mining rate to 0.2 Pi/h for more than 10 million users.
The goal was to keep mining viable until the network reached a whopping 1 billion users, and with the rate this project is going, it might happen soon.
What About Pi Coin Price Prediction And Its Current Value?
According to Binance, $194.31 might be the maximum price of Pi Coin in 2024. The crypto seems bullish this year, and analysts expect this trend to continue.
Moreover, in 2025, it might hit as high as $253.16, with this price doubling in 2030 and even reaching a high of $539.88. For 2040, experts set the target at $1000.
However, remember that these figures are all speculation, and it’s hard to determine how the token’s price will change in the coming months, not to mention the years. There is no guarantee that this coin’s value will really increase so much. It might change course and trade at a lower price.
You should be careful with crypto predictions: try to make all decisions based on thorough research and follow the market news to learn about changes in trends.
Thus far, Pi Coin seems a good choice, though, and investors are riding its bullish wave. The token’s market cap is currently $2.67B, and today it’s trading for $39.10.
The company offers various services that make its native token even more attractive to customers. For example, it introduced Pi Connect, which aims to make Pi Network’s crypto limitations better. It also gives users useful information about the coin’s price and popular cryptocurrency conversion rates.
Using PiConnect, traders can effortlessly, affordably, and securely participate in interoperable trades with various blockchain networks, such as:
- Binance Smart Chain (BSC)
- Ethereum (ETH)
- Polygon (MATIC)
Furthermore, PiConnect provides several other useful services besides blockchain bridging. That includes farming and staking, a launchpad platform, auctions, lending, a marketplace, and other features.
How To Sell Pi Coins In 2024?
You can trade this crypto on various supported platforms and exchanges. If you’re looking to sell your Pi Coins on Binance, you can’t—Binance hasn’t listed this cryptocurrency yet. To sell your Pi Coins, you must use other exchanges supporting this cryptocurrency. Once you transfer your cryptos to a supported exchange wallet, you can start placing sell orders and exchange them for other cryptos or fiat currencies.
Currently, the available amount of these coins is close to 25 billion. With the surge of users and the simplicity of mining from your smartphone, the number of Pi is growing, though.
Still, there is one drawback – these coins are not fully activated yet, and their exact circulating number remains undetermined. This makes trading this token a bit risky. However, the risk is inherent in all cryptos. So, this is hardly a determining factor in whether to invest in this token or not.
How To Sell Pi Coins From Pi App?
Selling these digital assets from a Pi app or network is another case. It’s similar to the process on Binance Chain or other exchanges, but you need to register and complete the KYC verification on the app first.
After that, you have to move your coins to Pi Mainnet (also called Pi Browser). Make sure that they show on the Available Balance graph. When you finish all of these, you can contact a reliable Pi Merchant to exchange the coins.
You still need to negotiate the rate, as well as terms and payment methods, but after finishing all these procedures, you will be all set to start selling.
Currently, the most popular exchanges that list this token include:
- BitMart
- HTX Global
- CoinW
Caution for Investors
Overall, while this crypto has attracted lots of attention in the markets, it’s still in the stage of development. Until major exchanges list it, Pi Coin remains a small player. So, investors should be more cautious while investing in it.
Remember, the crypto world is volatile and unpredictable, and knowing the latest trends and news is crucial to achieving success with your investments.
