The world of crypto has seen an air of life being breathed into with the return of Donald Trump to the Oval Office. As the fortunes of the world of virtual currencies changed dramatically over the past few weeks.
Pi On the Rise?
Bitcoin, the largest of them all, has arguably been the biggest gainer, with its value crossing over USD 1,00,000 per Bitcoin.
However, another crypocoin, Pi has garnered some attention for its nature. The crypto coin recently found respite, increasing in value, after a prolonged period of decline.
A Different Crypto
What distinguishes Pi from others, especially, Bitcoin, is that is ‘mobile-friendly, and most importantly, it does not require exorbitant mining hardware equipment and high power consumption. Both these factors have plagued Bitcoin, among others, since its inception.
Cryptocurrency mining is the application of computing power to solve intricate mathematical problems. Cryot-Miners compete to figure out the answers to these issues, and the first person to do so gets paid transaction processing fees.
How Has Pi Faired Recently?
Recent surge |
When it comes to Pi, in the recent hours of trading, the value of the cryptocurrency, as according to CoinMarketCap has increased by 0.65 per cent, taking it to USD 42.98 per coin.
However, if one were to look at the larger picture, and the performance of this particular crypto over the past few trading weeks, it is a story of decline.
Decline in the past month of trade |
Over the past 7 days, the value of the Pi has depleted by 7.32 per cent. And, furthermore, the value of the crypto in the past month, has fallen by a mammoth 16.34 per cent. Pi Network was created in the fall of 2018 by a team of academics from teh famous Standford University.
In the meanwhile, Bitcoin, the largest digital currency of all, has reached USD 1,01,987.00, The cryptocurrency has gained 6.47 per cent over the past month alone.
