On February 20, Pi Coin launched on the mainnet, experiencing extreme price volatility. Traders are keenly watching for a potential rise to INR 200.
Launch and Initial Dynamics
Pi Coin began trading at $1.40 (INR 120) and quickly rose by 30% to $1.67 (INR 144). At some points, it reached $2 (INR 170), but soon the price dropped back.
Market Reaction and Current Value
The launch triggered a surge in sales volume, reducing the price by 42% to INR 75 ($0.90), with a temporary drop to INR 55 ($0.66). Despite fluctuations, the value is now INR 150, drawing investor interest.
Prospects for Further Growth
The future of Pi Coin remains uncertain. The influx of capital could push the price to INR 200 ($2.40) within the next week if buying pressure continues. However, some analysts caution about potential market corrections.
Investors continue to monitor Pi Coin's developments, assessing its long-term growth potential. Sustaining interest will depend on liquidity and market sentiment in the coming days.
