Pi Network Integrates with Telegram Wallet to Access 1 Billion Users
Pi Network has integrated with Telegram’s crypto wallet, potentially reaching over 1 billion monthly users. Users can now purchase PI tokens directly within the app, enhancing Pi Network's visibility in the crypto market.
- Integration offers a chance for growth in the decentralized finance space.
- PI token is not yet listed on major exchanges like Binance or Coinbase, impacting trust and demand.
- Initial surge saw PI token rise nearly 100% to $2.92 but has since declined over 25% due to liquidations and exchange delays.
- Telegram has surpassed one billion active users, second only to WeChat, with users spending an average of 41 minutes daily on the platform.
- Current adoption of Telegram’s crypto features is limited; Pi Network must engage users effectively to stabilize its price.
- Future momentum for Pi Network depends on successfully tapping into Telegram’s user base and securing major exchange listings.