Pi Coin is trading near its historical low, but still maintains confidence from the community and experts regarding its long-term growth potential.
Pi has a strong community and advanced technology platform, although it still faces some challenges regarding transparency and unclear legal frameworks.
MAIN CONTENT
Pi Coin has a large community across 230 countries, which is a rare competitive advantage in the cryptocurrency market.
Pi is based on the Stellar Core platform, ensuring fast transactions and an efficient operating ecosystem.
The main challenges for Pi are source code transparency and the lack of a clear legal framework, affecting its listing on exchanges.
What is the current price and market position of Pi Coin?
Pi Coin is trading at 0.3615 USD, close to its all-time low of 0.33 USD. Although many investors have sold off during the price drop, there remains a group of Pi users who hold firm in their belief in the future success of the project.
Pi's peak market capitalization once reached 15 billion USD, ranking 11th globally, and currently maintains a capitalization of around 3 billion USD. This indicates that Pi still holds a stable position despite significant market fluctuations. These numbers reflect the long-term growth potential based on the project's foundation and community.
What strengths help Pi receive positive evaluations?
Expert Dr. Altcoin emphasizes that Pi has a strong community with over a million users across 230 countries and territories, creating a solid foundation for widespread adoption, liquidity, and practical application.
Pi is built on Stellar Core, inheriting the advantages of fast transactions, cross-border payment systems, and professional infrastructure. The project also stands out due to its Stanford roots, environmental friendliness, and has emphasized regulatory compliance. Dr. Altcoin asserts that Pi is financially supported by major investors, similar to renowned startups like SpaceX, Uber, and Airbnb, contributing to ensuring liquidity and sustainable development.
"With over 400,000 Nodes and more than 1 million CPU cores participating, Pi Network operates one of the largest distributed computing systems in the world."
"Pi Network has the full infrastructure and financial resources to build a prosperous ecosystem."
Dr. Altcoin, cryptocurrency analyst, 2024
What are the notable challenges facing Pi?
A major limitation of Pi is that its source code has not been fully disclosed, raising concerns about transparency and decentralization. This has been strongly criticized by the community and experts.
The lack of a clear legal framework has prevented Pi from being listed on major exchanges like Coinbase or Binance. Although Pi has complied with KYC/KYB standards, the project still needs to adjust to fit global regulations, such as the SEC in the United States or MiCA in the EU.
If regulators view Pi as a security or impose restrictions, this will negatively affect market accessibility and the project's development. However, if Pi can successfully connect practical application with legal compliance, the project's future looks promising.
What topics are often of interest regarding Pi Coin?
Is Pi Coin an environmentally friendly project?
Pi is designed to be environmentally friendly, based on the Stellar Core platform, which is well-known for its energy efficiency.
What community advantages does Pi have compared to other cryptocurrencies?
Connecting over 1 million users in more than 230 countries helps Pi create a strong community, which is very important for promoting adoption and maintaining liquidity.
How do legal issues affect Pi?
The unclear legal framework is the main barrier preventing Pi from being listed on major exchanges, negatively impacting liquidity and scalability.
Can Pi develop sustainably in the future?
If Pi continues to improve transparency and its legal framework while maintaining its community, the project has many opportunities for sustainable growth.
What technology platform is Pi developed on?
Pi is based on the Stellar Core platform, providing fast transaction speeds and efficient cross-border payment infrastructure.
Source: https://tintucbitcoin.com/pi-coin-vat-lon-vuot-song-gio/
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