Pi Coin and its impact on the crypto market

Pi Coin is a cryptocurrency that runs on the Stellar Consensus Protocol (SCP) and is mined through a mobile app without energy consumption. The project has been developing since 2019 and has more than 47 million users. The mainnet launch is expected in 2024-2025.

Impact on the market

Competition with Bitcoin and Ethereum

If Pi Coin becomes popular, it will be able to attract users who cannot access traditional mining.

Alternative to mobile cryptocurrencies

Pi can compete with Helium (HNT) and MobileCoin (MOB), which are focused on ease of use.

Growing interest in Web3 and DeFi

If successfully integrated, Pi Coin can support smart contracts and decentralized applications (dApps), influencing Solana (SOL) and Polkadot (DOT).

The fate of Pi Coin is currently uncertain, but if it launches successfully, it could change the balance of power in the crypto market.