The ever-evolving digital asset sector sees new tokens being created and introduced on a daily basis. Yet, very few are able to gain mainstream attention. That trend has been usurped today, as Pi Newtork has gotten a new groundbreaking US adoption feature with the token eyeing a $2.60 price.
The asset has been forced to navigate controversy and a rapidly ascending value since its arrival. There has been growing concern from investors as the project only has a reported market value, with some claims of potential scams being levied its way. That hasn’t stopped its price from skyrocketing.
Also Read: Bank of America to Launch USD-Pegged Crypto Stablecoin
Pi Network Jumps 242% And Gets Ground-Breaking US Adoption Despite Concerns
The cryptocurrency market has struggled over the last few weeks. Bitcoin, the leading crypto by market cap has fallen below $90,000 after reaching six figures for the first time late last year. Moreover, those losses have extended to a host of assets that have been in a similar situation.
However, one surprising token is seemingly bucking that trend. Specifically, the Pi Network has gotten a new US adoption deal as the crypto eyes a breakthrough of the $2.60 level. Since its debut, the cryptocurrency has increased more than 242%.
American film producer and actor James J Zito is currently the director of Zito Realty, a real estate company in Florida, USA, which accepts real estate transactions with Pi coins. This is the second cryptocurrency, after Bitcoin, to be accepted for real estate transactions by… pic.twitter.com/skrnQeemul
— Pi Network – Open Mainnet (@Pi81Mall) February 25, 2025
Also Read: Cryptocurrency: 3 Lucrative Coin Dips To Buy Right Now
According to a post to X (formerly Twitter), Pi NEtowrk claims that Zity Realty in Florida accepts the PI coin for real estate transactions. Indeed, the firm, led by James J. Zito, has become the first to implement such a policy.
The asset is in rare company, as the second cryptocurrency to be accepted by the company. Moreover, they are joined by only Bitcoin in a special class. Despite the concerns regarding potential illict activity for the coin, PI is up another 61% Wednesday, trading at $2.58.