The Pi coin has recently experienced bullish days as its price has risen over 80% from its ATL.

The Pi coin has recently experienced bullish days as its price has risen over 80% from its ATL.

The Pi coin has recently experienced bullish days as its price has risen over 80% from its ATL. Pi network price fell to almost $0.4 on April 5; however, it has recovered since then, and it’s trading at $0.67 now. Additionally, recent bullish Pi news could push the value even higher.

In a significant development, Pi Network futures are now available on Bitunix, which presents global cryptocurrency derivatives. This exposure comes at a time when the mainnet has not yet been fully opened. As such, this highlights that institutions and individuals have a high hope for the future of this blockchain. Moreover, this would set a positive example, as if the demand is high enough, other companies will also integrate Pi. Additionally, this could also enhance the market sentiment and cause a Pi coin price surge. As such it is good to understand why Pi network presents a unique platform and utility.

How Does Pi Network’s Social Consensus Algorithm Work?

The network has attracted more than 60 million users from all over the globe. This is because this platform started its journey as a mobile phone-centered blockchain, with mining crypto on mobile being the focus. As such, this platform promises mining without excessive phone battery use or the need for strong mining hardware.

This platform has become one of the most adopted blockchains. Moreover, this platform uses a unique social consensus algorithm to replace the traditional Proof-of-Work or Proof-of-Stake consensus. This means that users must validate network integrity by building and joining communities.

What Does Pi Network’s Official Listing Mean for Investors?

The listing was announced by Bitunix’s official X account. However, this listing does not mean that users will be able to transfer Pi tokens from the mainnet.

This development comes as Bitunix has launched the Pi Network futures on its platform. Futures are contracts that allow you to bet on the future of Pi network price performance. As such, investors can open a long if they believe a Pi coin price surge is coming. This platform also hosts hundreds of other popular currencies, automatically increasing Pi’s visibility and discoverability.

"New Feature: Bitunix Futures now lists Pi, the hottest token in 2024! 🔥" Bitunix announced on X. "Join the fun and trade Pi Futures on Bitunix Futures. The future is bright!"

This development also provides a way for speculative traders to use and engage with the Pi token. The community can also use the futures as a way to analyze the market sentiment. Most of the orders are short, which means that the confidence in the token is weak. On the other hand, if most of the contracts are long, users will be confident about the future of Pi.

This official listing also puts Pi in a new status, as now investors can see how much investment this blockchain can attract. As such, Pi is a legitimate and long-term investment.