When it comes to Bitcoin, we’re in the midst of a price explosion. The leading cryptocurrency has seen its value increase ten-fold over the past year, and it’s now trading at over $17,000.
This unprecedented growth has led many to believe that we’re in the midst of a Bitcoin bubble. But could there be another cryptocurrency that’s about to see its own price explosion?.
Meet Pi, a new cryptocurrency that’s currently in the process of being launched. Pi is being billed as the “next Bitcoin,” and it has the potential to become even more valuable than Bitcoin.
Here’s a look at why Pi could be the next big thing in cryptocurrency.
What is Pi?
Pi is a new cryptocurrency that is based on the Ethereum blockchain. Like other cryptocurrencies, it can be used to buy and sell goods and services.
However, Pi has a few key features that make it unique.
First, Pi is designed to be used by everyone, regardless of their technical expertise. That’s because it doesn’t require mining – which means that anyone with a smartphone can earn Pi by contributing their unused computing power to the network.
NOTE: This article is for informational purposes only and should not be taken as investment advice. Investing in cryptocurrency can be a risky endeavor and the value of digital assets can fluctuate greatly. Before investing, it is important to consult with a financial advisor to determine whether investing in cryptocurrency is suitable for you. Additionally, do your research and understand the risk associated with any investment before making a decision.
Second, Pi is backed by a team of experienced developers. The team includes Stanford PhDs, serial entrepreneurs, and senior executives from companies like Google, Lyft, and BlackBerry.
This gives Pi a level of legitimacy that other cryptocurrencies lack.
Third, and most importantly, Pi has the potential to become incredibly valuable. That’s because there will only ever be 21 million units of Pi in circulation (compared to 21 million Bitcoin).
This scarcity means that as demand for Pi increases, so will its price.
How Can I Get My Hands on Some Pi?
Right now, you can’t buy Pi – but you can earn it by contributing your unused computing power to the network. The more you contribute, the morePi you earn.
And oncePi launches on exchanges (which is expected to happen sometime in 2019), you’ll be able to trade yourPi for other cryptocurrencies or fiat currencies like dollars and euros.
So Is Pi the Next Bitcoin?
It remains to be seen whether or not Pi will live up to its hype and become the next Bitcoin. However, there’s no doubt that it has the potential to explode in value – so if you’re looking for an investment opportunity in cryptocurrency,Pi is definitely worth keeping an eye on.
10 Related Question Answers Found
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