Pi Coin, which debuted at $1.50, rapidly surged past $2 within minutes of its launch, reflecting heightened investor interest. With Pi Network’s Open Mainnet set to go live at 1:30 pm IST (8:30 am UTC) on February 20, the excitement surrounding the project has reached a fever pitch. The coin’s listing on major exchanges like OKX and CoinDCX is expected to further drive demand.
Pi Network: Faster Than Bitcoin?
Dr. Picoin, a key figure in the Pi Network ecosystem, recently highlighted that Pi Network is approximately 120 times faster than Bitcoin. While Bitcoin takes around 10 minutes per block, Pi Network boasts an impressive 5-second block time. The transition to an Open Network is expected to enhance transaction efficiency and scalability, making Pi an attractive option for users and investors alike.
Countdown to Pi Mainnet Launch
Pi Network’s launch strategy involves a phased release, with only 1 billion tokens out of a total 6.1 billion initially available for trading. This limited supply, coupled with increasing demand, has fueled speculation about a potential price surge. Notably, Binance’s rumored interest in listing Pi Coin could significantly impact its price trajectory.
Pi Coin Volatility: A Rollercoaster Ride
Following a massive rally that saw Pi Coin surge past $100, the cryptocurrency experienced a sharp 55% drop, settling around $33. Despite this volatility, analysts remain optimistic, citing the coin’s strong community backing and upcoming exchange listings as key catalysts for future growth.
Several top-tier exchanges, including OKX, Bitget, Bitrue, HTX, and BitMart, have confirmed support for Pi Coin. Bitget has also announced a $60,000 Pi airdrop, while BitMart is offering a $3,000 USDT giveaway. These promotional campaigns are expected to increase liquidity and trading activity, further influencing price action.
Analysts believe Pi Coin’s price could climb back above $100, especially if it continues to follow a bullish falling wedge pattern. Should Binance confirm its listing, historical trends suggest that Pi Coin could see a meteoric rise, possibly reaching $150 or higher.
Also Read: Pi Network Mainnet Launch: Price Crashes 100% – What’s Next for Pi Coin?
With Pi Network’s mainnet launch now imminent, the crypto community eagerly awaits to see just how high Pi Coin can go.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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