Pi Coin Faces Uncertainty with Stalled Binance Listing and Paused Transactions

Pi Network, the much-talked-about blockchain project, has encountered significant obstacles after hitting a record low earlier this month.

Pi Network, the blockchain project that has been making headlines for its unique token and structure, is currently facing uncertainty as it stalls at a record low. After hitting a low of $0.60 earlier this month, the token has since been trading within a narrow range of $0.60 to $0.65.

While there has been some stabilization in the price, we are still a long way off from seeing a strong recovery for Pi, which may be causing frustration among investors who were hoping for a swifter rebound. However, with upcoming events and token strategies, Pi has the potential to rally in price.

But first, let’s take a look at what has been happening with Pi and what we can expect next.

Pi Network: A New Way to Mine Cryptocurrency

The project, which launched in 2019, uses a mobile app to enable users to mine Pi tokens via their smartphones. The initiative quickly gained traction, boasting over 35 million members in its first year.

The project’s founders—Stanford graduates, including a Ph.D. in electrical engineering and a master’s degree in computer science—set out to create a cryptocurrency that would be accessible to the masses.

Those who join the network can invite others to join their network and earn Pi at a rate of 0.18 every three hours,li