There is a lot of controversy and speculation about the PI network since it was officially launched on Mainnet in late February. The price of the PI coin hardly moves in the past few days, as it is traded in a range of 0.75 – 0.80 dollars. Therefore, the largest YouTube encryption channel, Currency office,, Which has approximately 2.7 million subscribers, took time to wipe the air around the PI network.
In the deep video clip, the host Nick dismantles everything-who truly established PI, to how it works, how it earns money, and whether the PI currency can reach this magic mark of $ 5 or not. The spoiler: This is not impossible, but this is not what you think.
Let’s start with the big players behind the PI. While the project is mostly associated with Stanford Graduates Nicholas Cocalis and Churchdiao, the original team has already included four founders. Vincent McFillippe and Orlelin Sheltz were also part of the early basic group. However, Vincent left the project under controversial circumstances and even filed a lawsuit, which was quietly settled in 2023. Orlene remained and still contributes actively at the PI code base.
One of the most important things to understand about the PI network is how it is already working. Unlike most encryption projects that use work or proof of creativity, PI works on a modified version of the star consensus protocol. It is very central – only 28 knots and 3 authentication, and all three auditors are run by the PI Core team. This level of control has sparked red flags for people looking for a really decentralized currency.
As for mining, this is not mining in the traditional sense. Users click on a one -day button to prove that they are a human and active. It is similar to the GAMIDIED bonuses of the Blockchain consensus mechanism. Although millions of users have made Kyc to demand their symbols, a small part of the total offer is opened and trading.
This leads us to the distinctive symbol. PI has a huge supply of 100 billion coins. Sixty -five percent is allocated to mining, while the rest goes to the team, the institution and liquidity. To date, 7.2 billion coins have been extracted, but only two billion are opened to users. Meanwhile, more than 3 billion PI are opened for the team and the institution. This means that the basic team controls the circulating offer more than the entire user base combined.
Now, the question of one million dollars: Can the PI really reach $ 5?
Technically, yes, but only under certain circumstances. Low liquidity on stock exchanges makes it easier to pump the price. There are only about 300 million PI coins sitting on well -known exchange portfolios. This is small compared to other major codes. If the team strategically sells the coins without a prescription (OTC) and the use of these funds to work with market makers, they can maintain prices artificially high-at least for a period of time.
Nick explains that this type of price manipulation is not unique to PI. This happened with other major projects as well. But since the PI has this low available supply on stock exchanges, it is much easier to move the price. Thus, some people believe that PI can reach $ 5, even if its basics do not justify this evaluation.
The video also touches the next features, which can pay more attention and possibly strengthening the price. This includes facilitating the deportation of metal currencies into MainNet, converting distinctive Fires Forum into PI, and on more developers. But Nick warns that PI’s lack of transparency and slow communication with her community hinders her. To date, their time map seems outdated and incomplete.
There are other concerns as well. The KYC process, which PI deals at home, raises questions about the privacy and legitimacy of the data. If institutions and exchanges do not trust them, they will not get involved. Without their support, PI growth can stop.
In the end, the PI’s noise was built on a strange mixture of capabilities and mystery. She has millions of users, but very little of liquidity. It is considered decentralized, yet it remains tightly controlled by a small team. He talks about benefit, but the ecological system is still in its early stages.
Therefore, can the PI reach $ 5? It is possible, especially if low liquidity continues and interest rates from the main ads or lists. But whether there is – or even deserves – depends on the amount of confidence that the project can earn from the broader encryption community.
Currently, it is a project worth watching, but may not be betting yet.
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