Why Did Core Team List Pi Network on CoinMarketCap?

CoinMarketCap (CMC) is widely recognized as the most reliable cryptocurrency price tracking platform, providing data on thousands of cryptocurrencies worldwide. As of now, 762 exchanges are listed on CMC, making it a vital resource for crypto investors globally.

An illustrative example from the platform highlights Bitcoin’s (BTC) market capitalization across these 762 exchanges at $1.96 trillion. The current trading price is $98,750.34, reflecting a 0.79% increase over the last 24 hours.

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The Role of Stablecoins on CoinMarketCap

Beyond cryptocurrencies, Stablecoins also have a significant presence on CoinMarketCap. These digital assets, such as USDT and USDC, are specifically designed to minimize price volatility. Stablecoins serve as a secure asset storage option for investors who want to protect their holdings from the unpredictable swings of the crypto market.

Investors often convert their trading profits into Stablecoins to preserve value without feeling the urgency to withdraw funds. For instance, both USDT and USDC are pegged to fiat currencies like the US Dollar, ensuring that their value remains stable at 1 USDT/USDC = 1 USD. When converted back into USD, an equivalent amount of USDT/USDC is “burned” to maintain scarcity and uphold the stability of the token’s supply and value.

How Does Pi Network Compare?

Pi Network employs advanced algorithms and smart contract mechanisms to ensure stability in its supply and value, much like Stablecoins. However, the Pi Network ecosystem offers additional security through its partnerships with numerous corporations and institutions. These alliances naturally reinforce the token’s long-term value and stability.

While small fluctuations may occasionally occur in Pi, USDT, or USDC values, these changes are minimal and unlikely to disrupt their broader purpose within the ecosystem.

Why Register Pi Network on CoinMarketCap?

The decision to register Pi Network on CoinMarketCap does not imply immediate trading. Instead, this strategic move aims to provide transparency and enable investors and the public to track Pi’s growth and development.

Pi Network functions similarly to Stablecoins in facilitating seamless interaction between its users and the crypto market. Pi holders can invest in various crypto assets using Pi, while external crypto investors can acquire Pi through exchanges without mining. This dynamic exchange bridges the gap between crypto investors and Pi users, fostering a more interconnected financial ecosystem.

The Future of Pi Network on CoinMarketCap

By listing Pi Network on CoinMarketCap, the Core Team solidifies its commitment to transparency and accessibility. Investors can now monitor Pi’s progress alongside thousands of other cryptocurrencies, reinforcing trust in its decentralized framework.

Moreover, this registration highlights Pi Network’s ambition to integrate seamlessly with the broader cryptocurrency ecosystem. The listing serves as a stepping stone toward global recognition, setting the stage for its future role as a transformative force in the digital finance landscape.

Pi Network: A Leader in the Crypto Revolution

With its robust ecosystem, innovative technology, and dedicated community, Pi Network is carving out a unique position in the cryptocurrency world. Registering on CoinMarketCap is more than just a technical step—it’s a statement of Pi’s growing influence and its potential to shape the future of global finance.

Pi Network stands tall as a pioneer. Its journey has only just begun.

Why did CT register Pi Network on 𝗖𝗼𝗶𝗻𝗠𝗮𝗿𝗸𝗲𝘁𝗖𝗮𝗽??

CoinMarketCap (CMC) is the most referenced cryptocurrency price tracking website and data provider for thousands of cryptocurrencies in the world..To date,there are 762 Exchanges listed on CMC.

In the 'illustration… pic.twitter.com/0JUJsRaXKK

— Dimas Nawawi (@2000Rocker) November 27, 2024

Source: X

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HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

It is important to note that HokaNews does not solicit payments for airdrop information or access. The only official channel for HokaNews is named HokaNews Airdrop, accessible via the following link: https://t.me/hokanewsAirdrop. Any claims of payment requests from individuals purporting to represent HokaNews are fraudulent.

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Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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