Recent developments around Pi Network have drawn significant attention to Pi Coin. Experts suggest a potential surge in price, following the recent Open Mainnet launch and the strengthening of support at key levels.
Pi Network's Recent Open Mainnet Launch
The Open Mainnet launch of Pi Network has opened new opportunities for users to freely trade and transfer tokens. This move has attracted major exchanges such as OKX, Bitget, and MEXC, which have listed Pi Coin, indicating growing interest from the market.
Pi Coin Price Movements
Since its launch on February 20, Pi Coin's price history has been marked by volatility. Starting at $2, Pi reached a high of $2.20 before dropping to $0.09. Currently, the price has stabilized between $0.60 and $0.80. Analyst Wong notes the potential for a price rise after breaching the $0.80 mark, with movements toward $1 and $2, especially with expected news on network development.
Circulating Supply Confusion
Despite positive expectations, some investors have expressed concern over Pi Coin’s current price. This may be due to confusion regarding the circulating supply, with only 554 million coins available for trading out of a reported 6.35 billion. Analysts believe price could rise tenfold once the market fully understands the true supply.
With analyst predictions of a tenfold increase and clarification on supply, Pi Coin remains at the forefront of market interest. Investors may witness significant price changes in the near future as developments unfold.
