Pi coin: The “next Bitcoin” or just another pump and dump scheme?

Pi Network was launched in 2018 and quickly became a major name in the cryptocurrency world. With more than 100 million downloads and over 50 million users of the Pi Browser, the network's aim is to make cryptocurrency easy and accessible for everyone.

Right now almost everyone is talking about Pi coin. It could arguably be the most controversial project of 2025. But what could be the reason behind this and what's the hype around this Pi coin?

Pi coin is often called the “next Bitcoin”. The reason? Pi coins can be mined through a simple tap-to-earn process on a smartphone. This eventually made it quiet popular among crypto enthusiasts. Let's have a detailed look at how and why Pi went viral!

Decoding Pi coin: The journey till now

Pi Network was launched in 2018 and quickly became a major name in the cryptocurrency world. With more than 100 million downloads and over 50 million users of the Pi Browser, the network’s aim is to make cryptocurrency easy and accessible for everyone. Brownie point? You can access this through your mobile phone. It's like crypto mining from your wallet.

Pi Network wants to fix some of Bitcoin’s loopholes such its complex mining process and high energy use. A key part will be adding the coin on decentralized apps (dApps). This could eventually help to expand the network’s capabilities. Also its 'tap to earn,' feature makes it a fan favourite!

After the mainnet goes live about 80 dApps are expected to launch . In addition to this, more than 27,000 shops have agreed to accept Pi coins as payment. Thus leading to wider adoption of this coin. By January 2025, Pi Network had over 18 million KYC-verified users. This led the team to extended the Mainnet Migration and KYC Grace Period deadlines to January 31 to facilitate the transition.

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Pi Coin Vs Bitcoin

You might be thinking what could be a better investment looking at the popularity of both Pi coin and Bitcoin? Well, here's a solution to your debate! Given below is a comparison of the two stars in the crypto world:

Bitcoin (BTC) is a widely accepted digital asset with a capped supply. But this uses a traditional mining process. On the other hand, Pi coin offers mobile app-based mining . Thus making it broadly accessible.

However, both the currencies have a unstable and unpredictable market. So, looking at the current value and price charts you could get an idea where to invest!