Pi Coin Mainnet Launch: Can It Climb to INR 200?

After months of waiting, Pi Coin finally launched on its mainnet on February 20 at 1:30 PM IST, and it's been a rollercoaster ever since.

Pi Coin's mainnet launch on February 20 has been a wild ride, with the token's price fluctuating drastically. After starting at $1.40 (INR 120), it surged 30% to $1.67 (INR 144) within an hour, and even hit $2 (INR 170) on some exchanges before crashing back down.

Now trading at around $1.80 (INR 150), Pi Coin has seen a 42% decrease from its starting price, reaching a low of INR 75 ($0.90) at one point. However, early holders' quick selling efforts, driven by the anticipation of a mainnet launch, have led to this price drop.

Despite the initial volatility, Pi Coin's price has stabilized, returning to almost INR 150. The token's 24-hour trading volume has reached $1.12 billion, and its market cap is estimated at $10.75 billion, indicating continued investor interest.

If buying pressure continues and more traders enter the market, Pi Coin could cross INR 200 ($2.40) in less than a week. However, this momentum could be hampered by investors cashing out their profits.

To maintain this momentum, Pi Coin must prioritize securing exchanges and introducing real-world use cases. In the unpredictable crypto market, anything can happen.

While some analysts hope Pi Coin's return will indicate long-term viability, others anticipate further drops. The token's ability to stabilize or experience another sharp correction will depend on market sentiment and liquidity over the next few days.

For now, INR 200 is in sight, but traders should brace themselves for more volatility before reaching it.