Pi Coin is the native cryptocurrency of the Pi Network, a blockchain project that allows users to mine cryptocurrency directly from their mobile phones.
Pi Network's growth was fueled by its viral marketing strategy and the promise of free tokens without financial risk.
Concerns have been raised regarding the project's lack of transparency, centralization, and data privacy.
Pi Coin's price history reflects speculative IOU trading and a lack of real trading utility, with the future prediction dependent on the launch of the Open Mainnet and improved transparency.