Pi Network Integrates with Telegram, Seeks 1 Billion Users

Pi Network, a cryptocurrency project, has successfully integrated with Telegram’s crypto wallet, potentially opening up access to a vast user base. Telegram’s CEO, Pavel Durov, announced that the messaging app has surpassed 1 billion monthly active users, making it the second most popular messaging platform globally, excluding WeChat. This integration allows Telegram users to buy Pi tokens directly through the app’s integrated crypto wallet, significantly boosting the token’s visibility.

Despite this integration, Pi Network still lacks listings on major exchanges like Binance and Coinbase, which could enhance its market credibility. The altcoin initially surged nearly 100% in its first week, reaching a peak of $2.92 on February 27. However, it has since experienced continuous liquidations and declining demand. The integration with Telegram’s crypto wallet is seen as a positive development for Pi Network, providing optimism for its community. Telegram’s user base, which spends an average of 41 minutes daily on the platform, represents a substantial potential customer pool for Pi Network.

However, Telegram’s crypto functionality remains largely underutilized, and the PI price has decreased by over 25% in the past week, reflecting waning consumer interest in the project. Major crypto exchanges may be hesitant to list Pi Network, but Telegram’s extensive user base could be a game-changer if a significant portion of these users invest in the token. If not, Pi Network’s losing streak may persist.

In summary, the integration of Pi Network with Telegram’s crypto wallet is a strategic move that could potentially attract a massive new user base. However, the success of this integration depends on whether Telegram users will embrace the opportunity to invest in Pi tokens. The lack of listings on major exchanges and the recent decline in PI price pose challenges that Pi Network must overcome to achieve sustained growth and market credibility.