Pi Network is a popular digital currency project that has sparked many discussions. Despite initial negative expectations, the project has managed to secure a position among the top 100 digital currencies in terms of market value. However, doubts about it still persist. In February, prior to the launch of its mainnet, Ben Zhou, the CEO of Bybit exchange, claimed that this project is a scam based on Chinese police reports from 2023. On the other hand, a Pi Network spokesperson refuted these claims in a recent report by The Defiant, emphasizing that the project lacks the characteristics of a pyramid scheme. The price of Pi token has dropped by 22.5% in the past two weeks and is currently trading below $0.8, with an additional 6% drop in the last 24 hours. This price decline is mostly influenced by the general market downtrend. Pi had the worst performance among the top 100 cryptocurrencies, followed by HyperLiquids (HYPE) and Kasper (KAS). In the past, Pi accounts mainly used phone numbers for identity verification, which was costly and unreliable. Now, the project has migrated to a new identity verification system based on email and two-factor authentication, requiring users to register a trusted email. You can track the prices of all tokens and cryptocurrencies in real-time on the digital currency price page.
