Since its launch in 2019, Pi Network has been taking over in the crypto world. And it’s one of the first mobile mining projects in terms of attracting users from India to Nigeria. Many people are expecting the mainnet launch and others think the Pi token could hit crazy prices. Yet there are serious doubts as to its actual value.
The Hype vs. Reality
Pi Network has been hyped from the start. At the moment, Pi has no real market value and some users think it will be worth the eyebrow raising $314,159. However, there exists no freely exchanged market for it within a closed system.
These price predictions are pure speculation, until the mainnet goes live and Pi is listed on most platforms.
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Pi Network’s Worldwide Craze
Despite uncertainty, Pi Network is trending on social media, as well as in real world communities. Users in places like Karnataka, Assam, New Delhi, Odisha, and Uttar Pradesh in India are hosting events to get ready for the KYC (Know Your Customer) deadline.
🇮🇳 Exciting news from New Delhi, India! Pioneers are championing PIGCV $314159, taking the value of Pi Network to new heights and making waves locally. A true testament to the power of decentralized innovation! #PiNetwork #PIGCV #Blockchain #FutureOfFinance pic.twitter.com/KJRe2XSCvX
— Sadeq Sharem (π) (@SadeqSharem) December 25, 2024
This excitement has also extended to Indonesia, the Philippines and China. So the question remains: why is it so popular even though it has no clear value?
Why Is Pi Network So Addictive?
Pi Network’s rapid growth can be explained by a few key psychological factors:
- Community Connection: People feel they’re part of something really big using a service with over 65 million users. It gets people engaged and loyal because of this sense of belonging.
- Gamified Mining: Crypto Mining has become currently quite simple and fun. In comparison, traditional mining requirements are expensive equipment, while Pi mining only needs smartphones.
- Anticipation: People are engaged by the mystery of what lies ahead for Pi. But so many still believe they’re sitting on a fortune, fuelling speculation and conjecture.
- Social Media Influence: With debates and predictions, online buzz is good for Pi as it continues to make headlines.
- The Reward Factor: Users believe at some point they will be able to profit from the Pi they have mined, so they keep working on it.
Final Thoughts: Is Pi All Hype?
As we begin with 2025, the crypto world is covered full of speculation as meme coins run the world and new projects are full of activity. A crypto’s real success depends on it delivering real world use cases and long term success. Success in crypto is about being a real world use case and growing over time.
Now, with Pi Network, it is an interesting experiment, but the question remains whether it will really have the value.
Also read: Pi Network Price Prediction
