Dubai: The cryptocurrency market is experiencing a mixture of excitement and trepidation following Pi Network Coin’s official launch into open trade. Following their listing on significant exchanges, The price of pi fluctuated dramatically, rising sharply to $1.97 before plummeting more than 60%. But the coin soon recovered, rising by almost 160% in a single day.
With over 110 million installs and a continually expanding community, Pi Network has a substantial following despite its erratic pricing swings. Even though Pi is still gaining popularity, many analysts are keeping a careful eye on it to see if it will sustain its momentum or experience more drops.
The performance of the cryptocurrency has sparked a lot of conjecture; according to some market analysts, if Pi is able to find practical use cases, it may finally reach $500 by 2030. Although these forecasts are still purely theoretical, the coin’s rapid uptake and robust community backing have established it as a significant competitor.
The launch of Pi coincides with increased excitement in the larger cryptocurrency industry. Bitcoin has hit $98,000, and it’s predicted to hit between $98,000 and $102,000 soon. Ethereum, on the other hand, has been struggling, trading at about $2,800, barely below $3,000.
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