The post Pi Network News : Pi Coin Price Soars to New Heights, Then Plummets—What’s Next? appeared first on Coinpedia Fintech News
It was on February 20 that Pi Network’s PI token was officially launched. On the day of the launch itself, the token recorded an impressive growth of 705.051%. Notably, since the launch, the PI price has surged nearly 1,458.372%. Interestingly, on February 27, the PI market touched an all-time high of $2.98. However, since the day the market reached its ATH, it has steeply declined by over 40.82%. Now, the big question is: how will PI perform this month?
PI Hits a New All-Time High Before Dropping
In the initial days of the launch, PI generated extreme excitement in the cryptocurrency market. It created several headline-worthy moments, and triggered numerous social media conversations.
Consequently, between February 20 and 26, the PI market grew by approximately 2,692.85%.
On February 27, it touched an all-time high of $2.98 – at least 2,856.35% above its opening price on the day of its launch.
However, the trend reversed on the day the PI market hit its ATH. Since that day, the market has dropped by at least 40.82%.
In the last 24 hours alone, the PI market has slipped by no fewer than 6.9%, showcasing the clear dominance of sellers over buyers in the market. As of now, the price of PI stands at $1.67.
Exchanges Are Unsure About Listing PI
Though PI has emerged as a sensational crypto in a very short span of time, not many exchanges have come forward with a positive stance on listing PI.
On February 17, Binance launched a community poll to understand what users think about listing PI on the exchange. Unfortunately, the poll was unsuccessful in terms of participation. Only 0.12% of the 250 million Binance community (that is, just 294,957 voters) participated in the poll. However, over 86% of the respondents voted in favour of the listing.
Recently, Binance clarified that the final decision on whether to list PI on the cryptocurrency exchange will be based on its official review processes and standards.
PI Price Prediction for March 2025
According to CoinCodex, this month, the PI market is expected to witness a growth of 234.84%. The average price of PI in March will be $3.37 – around 101.79% above the current price. The maximum price will be $5.64 – over 237.72% above the current price. Importantly, the minimum price will be $1.68 – at least 0.59% above the current price.
Source : CoinCodex