3 Reasons To Buy Pi Coin And 1 Reason To Sell

Last Updated April 21st 2022

4 Min Read

Analyze Pi Coin And Its Prospects Before Investing To Drive Profit In 2022.

Key Points

The minable smartphone network Pi coin has been consistently building its ecosystem.
Once the Pi network reaches the third and final phase, its price is expected to skyrocket to new highs.
The new decentralized payment solution would need to ramp up its fundamental metrics to stay on top of this competitive market.

Despite not being listed anywhere yet, the Pi coin has had a remarkably rapid claim to fame. The crypto was initiated a few years ago to offer mobile users a seamless way to mine cryptocurrencies. Debate continues over whether Pi Network, the app that claims to open cryptocurrencies to everyone, is a well-intentioned initiative or a scam. However, the number of miners keeps growing steadily every year in Pi coin. For investors looking for a smart investment option, here are three reasons to buy Pi Coin and one reason to sell it.

Pi coin is a genuine effort by a team of Stanford graduates who aims to give everyday people greater access to cryptocurrency. Several crypto enthusiasts see it as an opportunity to get involved in a cryptocurrency from the ground up and reap good profits in the future. The Pi blockchain protocol was created so that anyone could easily mine Pi from a mobile device. The project aims to keep crypto mining accessible as the centralization of first-generation currencies like Bitcoin has put them beyond the reach of everyday users.

Let’s look at the three reasons to buy Pi coin now.

No. 1 Reason To Buy: Strong Network Fundamentals

Although the coin is still in presales, Pi coin upholds numerous strong network fundamentals.

The Pi network comes with a host of benefits from the blockchain-driven initiative, including pseudonymity, censorship resistance, permissionless transactions between two parties, and an equal financial playing field for all. Moreover, the Pi Network was designed to be easily accessible by all users and aims to make it easy for anyone to own crypto.

The use of the Stellar Consensus Protocol (SCP) is another key advantage the crypto has among other tokens. The SCP protocol allows anyone to build decentralized applications (dApps) and onboard the smart contract platform.

Moreover, the Pi development team has ensured that they do not rely on the often-criticized Proof-of-Work (PoW) consensus algorithm to become future-proof. The protocol runs on a new consensus mechanism called Federated Byzantine Agreement (FBA), which is a broader category that includes the Stellar Consensus Protocol (SCP). Pi’s FBA allows regular individuals to utilize their devices to secure the network while getting rewarded.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

No. 2 Reason To Buy: The Rapid Growth Of The Pi Network

The Pi Network is showing tremendous growth, pushing the demand and value of Pi coin in the future.

The Pi Network is growing at a tremendous speed, with over 33 million Engaged Pioneers. If that number keeps growing in the future, Pi coin will position itself in the largest crypto exchange platforms such as Binance, Crypto.com, PancakeSwap, and others.

With the launch of Enclosed Mainnet, the network has seen progress towards decentralization with growth to over 10,000 active Testnet nodes. Throughout the year the network has been enhanced with features such as the Brainstorm App, Pi Browser, Pi Wallet, Pi SDK, and Pi Blockexplorer. Additionally, the Pi network has had a fruitful year with accomplishments that fulfilled its roadmap objectives and grew the utility of the network.

No. 3 Reason To Buy: Strong Future Potential

Pi coin has positioned itself as a potential investment option today with its rapidly growing ecosystem.

The team behind the Pi network aims to include as many users in the network in the future. Moreover, the Pi coin is expected to continue its blockchain integration rally, making this a build-up of its developer ecosystem. Moreover, a strong developer ecosystem means more use cases for the Pi token.

The company has also organized various public events in the past 2 years, intending to meet their customers and discuss ideas with their very active community. Moreover, the network will also allow connection with other crypto wallets based on blockchain technology. This could push the Pi coin’s value higher quickly upon its release.

Although the Pi network is still in development, the blockchain project has seen widespread adoption and holds strong potential for growth. The network’s Phase 3 is expected to launch in the latter part of 2022, significantly boosting the demand for Pi coin. Additionally, its network upgrades are also in the pipeline. They aim to expand to the non-fungible token sector (NFT), decentralized finance (DeFi), and Metaverse ecosystems, making this a good time to buy Pi coin.

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

One Reason To Sell

Analysts say that it is difficult to make a price prediction for Pi coin ahead of its launch, leaving investors in speculation.

Although most crypto enthusiasts believe in the future of Pi coin, some consider this as a multi-level marketing (MLM) scam that holds no value. Moreover, there are still no coins being traded, which means there are no transactions and no fiat rewards. Since the coin is still not available in the market, some experts say that it is not the best crypto to buy in 2022.

The Bottomline

Pi coin certainly shows positive signs for the future. Since you are aware of the reasons to buy the crypto and sell it, you can now make the right decision. However, its future will depend on its transition from the testnet to mainnet operations. It will also depend on the adoption of the apps in the Pi Network ecosystem in the coming years. According to experts, long-term Pi coin price predictions are looking great.