Comparing Pi Coin to the Other 5 Major Mobile Cryptocurrencies
By allowing users to mine Pi Coin straight from their cellphones, Pi Network, which was founded in 2019 by Stanford alumni, seeks to make cryptocurrency mining easier. Pi Network employs the Stellar Consensus Protocol (SCP) for a more accessible and sustainable method than Bitcoin’s energy-intensive mining operation. The network has more than 40 million users as of March 2025, indicating widespread use.
What Sets Pi Network Apart?
The primary novelty of Pi Network is its mobile mining approach, which enables users to generate Pi Coins without the need for specialized hardware or considerable battery depletion. A contrast to cryptocurrencies that necessitate costly mining sets is this inclusive paradigm. Its long-term viability is still being questioned, though, especially in light of Pi Coin’s February 2025 launch on cryptocurrency markets. The price stability of the coin was questioned as it first peaked at $1.97 and then fell more than 55% to $0.737.
How It Fares Against Major Mobile Cryptocurrencies:
Pi Network faces competition from both mobile-first and mainstream cryptocurrencies:
Although it requires hardware investment, Coldware (COLD) introduces Web3-enabled devices with a focus on security and usability.
By fusing cryptocurrency and sports culture, XYZVerse (XYZ) draws investors with well-planned presale campaigns.
Cardano (ADA) is a formidable competitor since it prioritises scalability and interoperability, even if it is not mobile-only.
Stellar (XLM) shares Pi Network’s objective of financial inclusion by enabling low-cost transactions.
Hashgraph technology is used by Hedera (HBAR) to provide quick transactions and inexpensive costs.
Key Challenges for Pi Coin: A Comparative View
Although Pi Coin’s mobile-first strategy makes it accessible, resolving these issues will be crucial to guaranteeing its sustained viability in the face of more established competitors.
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