Pi Coin has witnessed a remarkable surge since its launch, surpassing major cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. The surge is driven by its new Open Network launch and potential Binance listing, which has sparked investor enthusiasm and optimism. Moreover, this resulted in a staggering 293% increase since its launch. It also witnessed significant growth in trading volume and market capitalization.
Notably, Pi Coin has out passed major cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, USDC, and Dogecoin, which declined by about 9-20% in last seven days. It is worth noting that Pi Network’s Open Mainnet was launched officially on February 20, which enabled users to transfer their Pi Coin outside the network for the first time. Since the launch, PiCoin is available on prominent cryptocurrency exchanges like OKX, Bitget, and CoinDCX.
Pi Coin: What’s Driving The Surge?
There are several factors which are driving the rapid increase in PI prices:
- Open Mainnet Launch: This much anticipated launch generated buzz and optimism about new functionalities.
- Increased Exchange Listings: As more and more platforms starts listing PI, it will improve accessibility and liquidity.
- Strong Community Support: There is a strong community with a user base of over 60 million, which drives market activity and resilience.
- Limited Token Supply: A significant portion of PI tokens remains locked, which reduces the supply available in the market. Due to high demand and limited supply, price goes upward.
Latest Price And Other Details
Pi Coin’s price witnessed significant crash following its mainnet launch and price dropped substantially below $1. According to the Binance data, apiece of PiCoin is priced at $2.946571 with a 24-hour trading volume of $232.4 million.
PiCoin was one of the most anticipated cryptocurrency. It can be easily using the mobile app. Moreover, PiCoin is now in the open network and can be traded outside after the Mainnet launch.
Looking ahead to 2030, if PiCoin becomes a widely used digital currency with real-world uses, its price could exceed $500, predict analysts.
