Pi Coin Update: Reasons Behind Pi Network Holders' Preference for This Altcoin That Surged to Over $22.3 Million in Record Time

Remittix Overview

• Fundraising Success: Remittix, a PayFi altcoin designed for real-world payments, has successfully raised over $22.3 million at a token price of $0.1000.
• Market Recognition: The altcoin is gaining traction with listings on exchanges such as Bitmart and LBank, positioning itself as a promising crypto project for 2025.

Pi Network Update

• Protocol Upgrade: Pi Network has launched its protocol upgrade to version 23, which aligns with ERC-3643 and Stellar Protocol v23, aimed at enhancing scalability and technical integration.
• Current Trading Status: The price of PI Coin is approximately $0.3519, having rebounded from an August low of $0.322. Analysts note that while it is trading in a downward channel, there is potential for a rebound if it surpasses the resistance level of $0.4120.

Shift from Pi to Remittix

• Adoption Challenges for Pi: Despite Pi Network's technical upgrades, it struggles with consistent adoption, leading investors to seek alternatives.
• Remittix's Appeal: Remittix is attracting Pi holders due to its focus on practical solutions for cross-border transactions, offering instant, low-cost, and secure payments, which could yield returns of 50x to 100x in a short timeframe.

Key Drivers of Remittix's Growth

• Exchange Listings: The first centralized exchange (CEX) listing on Bitmart has been completed, with a listing on LBank confirmed.
• Diverse Payment Options: Remittix supports over 40 crypto and fiat options for cross-border payments.
• Deflationary Tokenomics: The tokenomics are designed to reward long-term holders through deflationary mechanics.
• Mobile Wallet Development: A mobile wallet is in development, featuring real-time foreign exchange conversion.
• Strong Backing: The project has garnered significant support from institutional investors and crypto whales, contributing to its early growth.

Conclusion

• Investor Sentiment: As Pi Network faces challenges in maintaining interest, Remittix is emerging as a viable alternative, combining utility with rapid adoption and exchange presence. This shift may define the most successful investments in the crypto space for 2025.