Pi has surged around 80%, reaching an all-time high of $2.98 today at 10:00 PM. PDT. Since its launch Pi coin has seen a tremendous increase in trading
Cryptocurrency prices are known for their volatility, and recently, Pi Coin (PI) has been exhibiting significant price fluctuations following the Open Mainnet launch of Pi Network's cryptocurrency on February 20.
According to data from crypto exchange, Pi Coin has surged about 80% to reach an all-time high of $2.98 today at 10:00 PM (IST). The coin has seen a tremendous increase in trading volume, which has also shot up by 300% in 24 hours.
At present, Pi Coin is trading at $2.40 with a market cap of $16.71 billion. If this momentum continues, it may even touch the $3 mark.
During its launch, excitement pushed the coin's price to $2.2 from an opening price of $1.9, but then it dropped to $0.737 as traders booked profits. However, the popularity of the coin has again pushed the price higher as it is now again above $2 and probably has $3 in its sights.
Some analysts believe that broader adoption and exchange listings could drive Pi Coin's price even further in the coming months.
Despite the bullish momentum, market experts advise that Pi Coin remains highly volatile, and its long-term price trend will be influenced by factors such as regulatory changes, adoption rates, and the network's utility.
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