Pi Network is a community of tens of millions of people mining⛏️ Pi cryptocurrency to use and build the Web3 app ecosystem(source: Pi-network.com). Since the search🔎 of the next Bitcoin(BTC), a big wave🌊 of hype really picked up around 2021- 2022 about Pi being the next Bitcoin(BTC). Also, users liked that pi could be mined⛏️ by just the clicking of a button on a phone📱 with steady internet access without the consumption of both battery🔋 and data📶 compared to other cryptocurrencies🪙. But is Pi really valuable or just hype❓

Now in full scope what is the Pi network❓

Pi Network is a cryptocurrency project that lets people earn Pi coins on their phones in a way that uses very little energy🔋, aiming to make cryptocurrency easy for everyone to use. It is a platform for both social use and for developers🧑🏽‍💻, working to create a system where Pi can be spent, with more and more apps and businesses joining in. Founded by Stanford graduates, Pi Network uses its own way to confirm transactions and is currently in a stage called the Enclosed Mainnet, which means the Pi coin cannot yet be traded on exchanges. Apart from that, the Pi network is simple to join, does not need funds to be invested in it before starting, and does not consume much energy🔋 to mine⛏️.

But why do people think that pi is a hot cake🎂❓

Supporters hype Pi because it can be mined⛏️ on a smartphone📱 for free, it could become popular with lots of users, and it might be used for things like apps and payments in the future. The idea that it could become a worldwide digital currency and early trading rumors have made people even more interested, but some still worry about whether it will really be useful and if its main network will launch as promised.

On the other hand people think its just fake because of many reasons:

1️⃣Pi has not been listed on major Centralized and Decentralized exchanges💱.

Because Pi has not been listed on major exchanges; Centralized exchanges(CEXES) and Decentralized exchanges(DEXES), investors tend to overlook it and decide that it is not worth investing in. Because of this many people think that Pi is hype; it's just a scam.

2️⃣ Pi has no real-world price💵 or liquidity.

Because it’s still in development, the cryptocurrency Pi has little or no value in terms of real world assets💵. The current price of Pi isn't up to even a dollar making investors think it is a scam.

3️⃣ People can only trade peer-to-peer in unofficial ways.

Because Pi is still in its enclosed mainet stage, people can only trade peer-to-peer(P-2-P) in unofficial ways. Because of this many see it as useless, branding it a ‘shitcoin'.

In conclusion, Pi has its hype but also its doubts. Before investing, always do your own research and avoid taking financial advice blindly from the internet. As for Pi, it’s still too early to know whether it will become a big success or just a passing phase.

Would you bet your time and funds on it❓