Pi Coin has fallen over 32% in a month, according to the Binance data. Pi Network’s Open Mainnet was launched officially on February 20. This enabled users to transfer their PiCoin outside the network for the first time. With the launch, this PiCoin is now available on prominent cryptocurrency exchanges like OKX, Bitget, and CoinDCX.
Pi Coin’s price witnessed significant crash following its mainnet launch. Pi Coin’s price has dropped substantially, and its price soon fell by about 55% to around $1 and further crashed. Before the launch, some investors were trading PiCoin at very high prices, up to $200, which created unrealistic expectations about it.
From Pi Coin to Bitcoin, prices of the major cryptocurrencies in the world are continuously declining. This decline comes despite the Donald Trump established the US Crypto Reserve. According to media reports, the market reaction to the US Crypto Reserve news was somewhat disappointing, as investors had anticipated the US would inject new funds into the cryptocurrency market, rather than just setting aside existing assets.
There are several factors which led to the drop of the major cryptocurrencies. These factors include: market volatility following policy announcements by US President Donald Trump, and implementation of new tariffs by the US President.
Pi Coin: Latest Price And How To Buy
Currently at Binance, apiece of Pi Coin is priced at $1.150353 with a 24-hour trading volume of $675.22 million. PiCoin’s market capitalization currently stands at $7.92 billion, according to Binance. Moreover, PiCoin is 13.14% down in the last 24 hours.
How To Mine It On Mobile?
- Download and install the Pi Network app.
- Tap the lightning bolt icon to start mining Pi.
- After 3 days, add 3-5 trusted friends to increase your mining speed.
- Share your referral code with friends to earn even more Pi.
How To Buy And Trade It?
Now that PiCoin is listed, buying and selling is quite easier. Here’s how to get started:
- Sign up on a supported exchange like CoinDCX, OKX, or Bitget.
- Verify your identity (KYC process).
- Add funds to your exchange wallet.
- Buy Pi Coin and start trading.