Pi Coin Vs Bitcoin: What’s the Difference?

Pi Network's Open Mainnet was launched officially on February 20, enabling users to transfer their Pi Coin outside the network for the first time.

Pi Network's Open Mainnet was officially launched on February 20, enabling users to transfer their Pi Coin outside the network for the first time. With the launch, PiCoin is now available on prominent cryptocurrency exchanges like OKX, Bitget, and CoinDCX. This marks the beginning of genuine trading, value, and investment opportunities for PiCoin traders.

However, Pi Coin's price witnessed a sharp crash following the mainnet launch and dropped substantially by more than 55%, falling to around $1. Before the launch, some investors were trading PiCoin at very high prices, which created unrealistic expectations about it.

Let's compare PiCoin with the biggest cryptocurrency in the world, Bitcoin.

Pi Coin Vs Bitcoin

Pi Coin: Pi Network is a unique cryptocurrency platform that combines social interaction, developer tools, and real-world applications. The platform allows users to easily mine and transact Pi Coins using mobile devices. It also supports a wide range of applications built on its blockchain ecosystem. PiCoin is the newest entrant in the world of traditional cryptocurrencies.

Bitcoin: Bitcoin is the first decentralized cryptocurrency, which is based on a free-market ideology. It was invented in 2008 and is now the world's biggest cryptocurrency.

Also Read: Pi Coin Recovers After Crash During Mainnet Launch - Check Latest Price And Other Details

Pricing

The current price of Pi Coin is $1.537992 with a current market cap of $0. Its 24-hour trading volume is $85.70 million, according to Binance.

The current price of Bitcoin is $91,867.02 with a current market cap of $1,821.60 billion, according to Binance data. Its 24-hour trading volume is $48.20 billion.

Major Differentiator

Bitcoin requires powerful computers to mine, which can cost huge amounts when mining. Meanwhile, Pi coins can be easily mined using a mobile app.

Also Read: Pi Coin: How To Mine, Buy And Trade THIS Cryptocurrency? Easy Steps Inside