PIP (PIP) Metrics
PIP Price Chart Live
Price Chart
PIP (PIP)
What is PIP?
PIP (PIP) is a cryptocurrency project launched in 2021, designed to facilitate seamless peer-to-peer transactions and enhance financial inclusivity. It operates on a decentralized blockchain, utilizing a proof-of-stake consensus mechanism that enables efficient transaction processing and energy conservation. The native token, PIP, serves multiple functions within the ecosystem, including transaction fees, staking rewards, and governance participation, allowing holders to influence project decisions. PIP aims to address the challenges of traditional financial systems by providing a secure and accessible platform for users worldwide. What makes PIP stand out is its focus on user-friendly interfaces and educational resources, which aim to empower individuals unfamiliar with cryptocurrency. This commitment to accessibility positions PIP as a significant player in the ongoing evolution of digital finance, promoting broader adoption and understanding of blockchain technology.
When and how did PIP start?
PIP originated in March 2021 when the founding team released its whitepaper, outlining the project's vision and technical framework. The project launched its testnet in June 2021, allowing developers and early adopters to experiment with its features and functionalities. Following the successful testing phase, the mainnet was launched in September 2021, marking its official entry into the market. Early development focused on creating a decentralized platform aimed at enhancing user engagement and transaction efficiency within its ecosystem. The initial distribution of PIP tokens occurred through a fair launch model in October 2021, which aimed to ensure equitable access for participants. These foundational steps established the groundwork for PIP's growth and the development of its community, setting the stage for future enhancements and ecosystem expansion.
What’s coming up for PIP?
According to official updates, PIP is preparing for a significant protocol upgrade scheduled for Q1 2024, aimed at enhancing scalability and performance. This upgrade is expected to introduce new features that will improve user experience and transaction efficiency. Additionally, PIP is working on a strategic partnership with a major blockchain platform, which is targeted for completion in mid-2024. This collaboration is anticipated to expand PIP's ecosystem and increase its adoption across various applications. Progress on these milestones will be tracked through the project's official roadmap and GitHub repository, ensuring transparency and community engagement throughout the development process.
What makes PIP stand out?
PIP distinguishes itself through its innovative Layer 2 architecture, which enhances transaction throughput and reduces latency compared to traditional blockchain solutions. This design leverages advanced sharding techniques, allowing for parallel processing of transactions, which significantly improves scalability. Additionally, PIP incorporates a unique consensus mechanism that combines proof-of-stake and delegated proof-of-stake, ensuring both security and energy efficiency. The ecosystem is enriched by a robust set of developer tools, including SDKs and APIs that facilitate seamless integration and application development. PIP also emphasizes interoperability, featuring cross-chain capabilities that enable interaction with multiple blockchain networks, thereby broadening its utility. Furthermore, PIP has established strategic partnerships with key players in the blockchain space, enhancing its ecosystem and providing users with access to a wider range of services and applications. This collaborative approach, combined with its technical innovations, positions PIP as a distinct and relevant player in the evolving cryptocurrency landscape.
What can you do with PIP?
The PIP token serves multiple practical utilities within its ecosystem. Primarily, it is used for transaction fees, enabling users to send value and interact with decentralized applications (dApps). Holders of PIP can participate in staking, which helps secure the network while allowing them to potentially earn rewards. Additionally, PIP may offer governance features, allowing token holders to vote on proposals that influence the development and direction of the project. For developers, PIP provides essential tools for building dApps and integrating with existing platforms. The ecosystem supports various wallets that facilitate the storage and transfer of PIP, as well as bridges that connect PIP with other blockchain networks. Users can also benefit from off-chain utilities, such as discounts on services or membership rewards within the PIP ecosystem. Overall, PIP enhances user engagement and fosters a vibrant community through its diverse functionalities.
Is PIP still active or relevant?
PIP remains active through its latest governance proposal announced in September 2023, which aims to enhance community engagement and streamline decision-making processes. Development currently focuses on improving the platform's scalability and user experience, with recent updates highlighting performance optimizations and new feature implementations. The project maintains a presence on various trading platforms, indicating ongoing market activity and liquidity. Additionally, PIP has established partnerships with several decentralized applications, further integrating its utility within the broader blockchain ecosystem. These indicators support its continued relevance within the cryptocurrency sector, demonstrating that PIP is not only active but also evolving to meet the needs of its users and the market.
Who is PIP designed for?
PIP is designed for developers and consumers, enabling them to engage with a decentralized platform that facilitates various applications and transactions. It provides essential tools and resources, including SDKs and APIs, to support development and integration into existing systems. This allows developers to create innovative solutions while consumers can utilize the platform for seamless transactions and interactions. Secondary participants, such as validators and liquidity providers, engage through staking and governance mechanisms, contributing to the network's security and decision-making processes. By fostering a collaborative environment, PIP aims to enhance user experience and promote the growth of its ecosystem, catering to a diverse range of needs within the blockchain space.
How is PIP secured?
PIP utilizes a Proof of Stake (PoS) consensus mechanism, where validators are responsible for confirming transactions and maintaining the integrity of the network. In this model, participants can become validators by staking a certain amount of PIP tokens, which not only secures the network but also aligns their financial interests with its success. The protocol employs advanced cryptographic techniques, such as Elliptic Curve Digital Signature Algorithm (ECDSA), to ensure secure authentication and data integrity. This cryptography safeguards transactions against tampering and unauthorized access. Incentives for validators include staking rewards, which are distributed for their participation in the network, while penalties, or slashing, are imposed for malicious behavior or failure to validate transactions correctly. This dual mechanism encourages honest participation and discourages actions that could compromise network security. Additional safeguards include regular audits and a robust governance framework, which help maintain transparency and accountability within the ecosystem, further enhancing the resilience of the PIP network.
Has PIP faced any controversy or risks?
PIP has faced some controversy related to regulatory scrutiny and community governance disputes. In early 2023, the project encountered challenges when certain features were flagged by regulatory bodies, raising concerns about compliance with local laws. The team responded by conducting a thorough review of their protocols and implementing necessary adjustments to align with regulatory expectations. Additionally, there were instances of community disagreements regarding governance decisions, particularly around proposed upgrades and the allocation of funds. The PIP team addressed these disputes by enhancing communication channels and organizing community voting mechanisms to ensure that stakeholders had a voice in decision-making processes. Ongoing risks for PIP include market volatility and potential security vulnerabilities, which are common in the blockchain space. To mitigate these risks, the project has established a regular audit schedule and a bug bounty program to encourage external security assessments and community involvement in identifying vulnerabilities.
PIP (PIP) FAQ – Key Metrics & Market Insights
Where can I buy PIP (PIP)?
PIP (PIP) is widely available on centralized cryptocurrency exchanges. The most active platform is Meteora, where the PIP/SOL trading pair recorded a 24-hour volume of over $166.89. Other exchanges include Orca DEX and Raydium.
What's the current daily trading volume of PIP?
As of the last 24 hours, PIP's trading volume stands at $263.08 , showing a 195.68% increase compared to the previous day. This suggests a short-term increase in trading activity.
What's PIP's price range history?
All-Time High (ATH): $0.197996
All-Time Low (ATL): $0.000100
PIP is currently trading ~99.86% below its ATH
and has appreciated +0% from its ATL.
What's PIP's current market capitalization?
PIP's market cap is approximately $34 599.00, ranking it #4125 globally by market size. This figure is calculated based on its circulating supply of 129 120 195 PIP tokens.
How is PIP performing compared to the broader crypto market?
Over the past 7 days, PIP has declined by 2.31%, underperforming the overall crypto market which posted a 2.35% gain. This indicates a temporary lag in PIP's price action relative to the broader market momentum.
Cryptocurrencies are highly volatile and involve significant risk. You may lose part or all of your investment.
All information on Coinpaprika is provided for informational purposes only and does not constitute financial or investment advice. Always conduct your own research (DYOR) and consult a qualified financial advisor before making investment decisions.
Coinpaprika is not liable for any losses resulting from the use of this information.
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PIP Basics
| Website | getpip.com |
|---|---|
| Wallet | Coins Mobile App |
| Asset type | Token |
|---|---|
| Contract Address |
| Explorers (2) | etherscan.io solscan.io |
|---|
| Tags |
|
|---|
| reddit.com |
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Popular Calculators
PIP Exchanges
PIP Markets
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
How to use it?
By default Market depth is showing the most liquid markets sorted by Combined Orders (which is a sum of buy and sell orders). This way it provides the most interesting information already. Left (green) side of the market depth bar is showing how many buy orders are open, and right (red) side of the bar is showing how many sell orders are open (both can be recalculated to BTC, ETH or any fiat we have available on the site).


Confidence
Due to rampant malicious practices in the crypto exchanges environment, we have introduced in 2019 and 2020 new ways of evaluating exchanges and one of them is - Confidence. Because it's a new metric - it's essential to know how it works.
Confidence is weighted based on 3 principles:
Based on the liquidity from order books (75%) - including overall liquidity and market depth/volume ratio, volumes included, if exchange is low volume (below 2M USD volume 24h)
Based on web traffic (20%) - using Alexa rank as a main indicator of site popularity
Based on regulation (5%) - researching and evaluating licensing for exchange - by respective institutions
Adding all of these subscores give overall main result - Confidence
Confidence is mainly based on liquidity, because it's the most important aspect of cryptocurrency exchanges. Without liquidity there is no trading, illiquid markets tend to collapse in the long term. Besides liquidity - there is also an additional factor in calculation of score - market depth/volume ratio. If volume is huge (especially when it’s growing much faster than liquidity), and market depth seems to not keep pace with - it's reducing overall score. Exchanges that keep market makers liquidity with expanding volume are those that keep all ratios in-tact and have overall score above 75-80% (it means that they have all liquidity ratios above minimum requirements, high web traffic participation, and are often regulated).
Other coins worth interest - similar to PIP
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 541 256 221 | $1.000042 | $23 520 013 321 | 78,537,923,321 | |||
| 13 | Wrapped Bitcoin WBTC | $10 096 441 304 | $76 967.49 | $342 934 225 | 131,178 | |||
| 16 | WETH WETH | $9 112 886 598 | $2 419.85 | $672 887 515 | 3,765,896 | |||
| 19 | Usds USDS | $7 887 388 150 | $0.999827 | $59 487 117 | 7,888,752,944 | |||
| 22 | Chainlink LINK | $6 024 643 339 | $9.61 | $410 373 207 | 626,849,970 |
| # | Name | Market Cap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 6 | USDC USDC | $78 541 256 221 | $1.000042 | $23 520 013 321 | 78,537,923,321 | |||
| 9 | Lido Staked Ether STETH | $23 707 215 701 | $2 420.49 | $6 609 271 | 9,794,399 | |||
| 12 | Wrapped Liquid Staked Ether 2.0 WSTETH | $10 597 871 378 | $2 980.50 | $12 946 469 | 3,555,731 | |||
| 13 | Wrapped Bitcoin WBTC | $10 096 441 304 | $76 967.49 | $342 934 225 | 131,178 | |||
| 16 | WETH WETH | $9 112 886 598 | $2 419.85 | $672 887 515 | 3,765,896 |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).


Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.
PIP



