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Pi Network Futures Go Live on Bitunix — Will This 80% Rebound Ignite the Next Big Pi Coin Rally?

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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. With this development, a new wave of users is exposed to this blockchain, and capital investments will exponentially increase.  Additionally, this development will bring more visibility and accessibility to Pi. 

How Could Pi Network Futures Impact the Price of Pi Coin?

This development comes at a time when the Pi 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 Pi 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. As such, 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. However, Pi Network futures provide an avenue for more speculation, which in turn can create more hype and excitement. 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. 

Moreover, this officially announced listing 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. Additionally, this official listing 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. 

Is Pi Network Preparing for a Major Exchange Listing Soon?

In the near future, we can also expect  Pi news about a major exchange listing. This is because many developers use futures as a way to see how much demand there is before negotiating with exchanges. However, this can make the Pi coin seem like a speculative currency, which is the opposite of what the Pi team wants. The Pi team has been trying to increase the utility of the Pi token and make it usability-based. Nonetheless, this marks a big move towards legitimizing the Pi network and can start a wave of adoption. 

The post Pi Network Futures Go Live on Bitunix — Will This 80% Rebound Ignite the Next Big Pi Coin Rally? appeared first on Coinfomania.

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