Pi Coin, the cryptocurrency from Pi Network, has recently shown high price volatility following its Open Mainnet launch on February 20, 2025.
Sharp Increase in Pi Coin Price
Pi has surged around 80%, reaching an all-time high of $2.98 today at 10:00 PM. Since its launch, Pi Coin surged from $1.9 to $2.2 but dropped to $0.737 as traders took profits. However, the coin's popularity has driven prices back above $2, likely aiming for $3.
Current Market Situation
Currently, Pi Coin is trading at $2.40 with a market cap of $16.71 billion. Trading volumes increased by 300% in 24 hours following the Mainnet launch.
Future Prospects and Risks
Some analysts believe that wider adoption and exchange listings could push Pi Coin’s price higher in the coming months. Despite the bullish momentum, market experts caution that Pi Coin remains highly volatile, and its long-term trend will depend on regulatory developments, adoption rates, and network utility.
Thus, Pi Coin continues to draw interest from investors and analysts, but high volatility calls for a cautious approach.
