Pi Network Celebrates Sixth Anniversary with Pi Day Event, Coin Price Drops 10% After Mainnet Launch

The Pi Network community recently celebrated Pi Day, marking the sixth anniversary of the project. Pi Network, a cryptocurrency that allows users to mine coins via their smartphones

Pi Network, the cryptocurrency project that allows users to mine coins via their smartphones, has experienced significant price changes since its mainnet launch and subsequent exchange listings.

The project, which began in March 2014, reached a critical milestone with the launch of its mainnet in December 2021, marking the transition from a testnet to a fully functional blockchain.

This development paved the way for Pi Network to be listed on exchanges, allowing users to trade their mined coins for fiat currency. The introduction of Pi into the broader cryptocurrency ecosystem sparked interest among traders and investors.

After reaching a high of $2.10, the value of Pi Coin dropped to $1, leading to rumors on social media about a potential listing on Binance, one of the world's leading cryptocurrency exchanges.

The rumors emerged after Binance announced its plans to delist certain cryptocurrencies due to low activity. In a recent statement, Binance confirmed that it is not planning to delist any cryptocurrencies.

However, Binance has not yet confirmed any plans to list Pi Coin, despite persistent claims from cryptocurrency influencers that the coin will be listed on the exchange by March 15.

These claims remain unverified, and there is no official confirmation from Binance regarding a potential listing.

Currently, Pi Coin is trading at $1.47, having dropped slightly from the $1.50 mark observed earlier this morning.

As the weekend approaches, there could be further downward pressure on the coin’s price. However, Pi has managed to stay above the $1 mark, a level that provides support for the coin in the midst of broader market uncertainty.

Earlier this week, there were suggestions of a potential bull run, which could see the coin’s value increase even further, especially if the broader market sentiment shifts in a favorable direction.

If Pi manages to close above the $1.50 mark, a continued rally could follow, potentially pushing the price to $2 or higher.

With the broader market sentiment turning positive, Pi’s price could reverse in a favorable direction.