Pi Coin, the digital currency of Pi Network, faced a spectacular crash of 55% only a few hours after its open Mainnet launch.
The token initially jumped 36% during the first hour of negotiation, culminating at $ 1.99 on major exchanges, but quickly plunged to a minimum of $ 0.9123, according to OKX. Price oscillations have left investors in shock, with heavy sales and liquidity problems causing significant volatility.
Analysts now fear that the medal of blocking zero after the early push has collapsed.
The brief increase in excitement was overshadowed by a quick sale, and the price of the token continued to fluctuate wildly on various platforms. On Bitget, Pi briefly reached $ 3.40 before hunting again, while on the Parbit, Pi Coin fell below the bar of $ 1 shortly after the start of trading.
Binance and other major exchanges look closely
Pi Coin has seen immediate lists on major exchanges like Okx, Bybit, Bitmart, Gate.io, Mexc and Bitget. However, Binance, the largest exchange in the world, has not yet been devoted. The exchange launched a survey to assess the interest of the community in Pi Coin, with expected results by February 27, 2025. Other platforms, including Coinbase, Kraken and Upbit, have not made any Ads, leaving many uncertain investors.
Buzz and market speculation
Pi Network has aroused immense interest, with more than 110 million application downloads and trends regularly on Google. However, the market response was more fragile than expected, analysts pointing liquidity problems as a major factor in the price accident. Despite the predictions of the PI room reaching triple figures, its market value remains speculative and skepticism continues to grow.
Potential use cases
The consumption of low energy energy makes an attractive option for microtransactions and decentralized applications (DAPP). It also has the potential to revolutionize international monetary transfers with low transaction costs, but these use cases will have to be tested in real world scenarios.
Challenges and concerns
Despite its growing user base, Pi Network is confronted with several challenges:
Decentralization problems: the network is always controlled by its developers, which raises concerns about transparency.
Unclear market assessment: with liquidity problems and prices speculation, the value of the PI part remains uncertain.
Chronology of prolonged development: the PI network has taken years to reach this stage, and a wider adoption can take time.
Comparisons with established cryptocurrencies
Compared to Bitcoin and Ethereum, PI offers an energy -efficient mining process and mobile -oriented, which makes it accessible to a wider audience. However, its long -term success will depend on community engagement and developers creating a functional ecosystem.
Future prospects and investor recommendations
Experts believe that future dependencies of the PI network on the post-Mainnet adoption launch. Other exchange announcements and a continuous activity of developers could stabilize the PI room, but its long -term viability is still uncertain.
Investors are invited to:
- Monitor developments: Keep an eye on exchange announcements and regulatory updates.
- Diversify investments: distribute the risk over different cryptocurrencies.
- Complete yourself with the community: participate in the discussions to remain informed of the PI trajectory.
The beginnings on the PI network market remain very speculative, and the next few weeks will be crucial to determine its place in the cryptocurrency world.
