NAIROBI (Coinchapter.com) – It appears that a Pi Coin “breakthrough” will finally give the Pi Coin token some real-world utility. The elusive PI Network token (Pi Coin) is finally set to grace the global stage with new utility on March 14th. But will this much-anticipated event deliver the life-changing wealth its members have been salivating over, or or are they in store for another letdown?
PI Network milestone annoucement. Source X
The announcement of a Pi Coin breakthrough signifies a shift away from the enclosed mining setup. Previously, Pi Coin holders could only use a smartphone app to accumulate coins. The new ecosystem aims to provide real-world utility for the cryptocurrency. This will finally letting holders use their Pi Coin for purchases and services.
What is Pi Coin? And Why Should You Care?
For those unfamiliar with the token, Pi Coin is the cryptocurrency that promised riches for simply tapping your phone screen. It has been the talk of the crypto town for a while now, mainly because it’s free. Let’s face it, we all love free stuff. But, the ability to buy as-yet-to-be-determined “services” doesn’t exactly scream “Lamborghini dealership.”
PI/USD price chart
The current price of Pi is $33.83 per. Of course, this price is more of a theoretical value since the coin isn’t readily tradable on major exchanges. However, this figure does give us a glimpse into the market’s perception of the cryptocurrency, or at the very least, the enthusiasm of the Pi community.
So, Will Pi Make You a Crypto Croesus?
Let’s be brutally honest here. The chances of the Pi Coin “breakthrough” turning your phone into a money-printing machine are slim. Sure, the crypto world is full of surprises, but Pi Coin faces an uphill battle against established players and a mountain of market skepticism. It’s the kind of gamble that makes buying lottery tickets seem like a sound financial strategy.
If the Pi Network team somehow pulls off a working product on March 14th that delivers on its lofty promises, it would be a modern-day miracle. More likely, however, is that it will join the crypto-graveyard of overhyped projects that flamed out from their own delusions of grandeur.
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