In the first 45 minutes of trading, Pi’s price experienced significant volatility, dropping to as low as $1.18 before rebounding strongly to above $1.80. By 3:45 pm, the currency was trading at $1.892 on the OKX exchange, a gain of over 20%. Meanwhile, on the Gate.io exchange, Pi’s price fluctuated around a similar range at $1.88.
Pi’s Price on Gate.io Exchange
Gate.io Exchange
|
Launched in 2019, Pi Network has attracted significant attention from the crypto community, especially in Vietnam, due to its unique mining mechanism that only requires users to check in daily, a stark contrast to the resource-intensive process of Bitcoin mining.
For “Pi miners,” the listing event marked a significant turning point as, after six years of dedicated “farming,” they could finally monetize their holdings. Some even harbored dreams of getting rich through Pi Network.
The listing event was supported by several major exchanges, including OKX, HTX, Bybit, MEXC, and Bitget, all of which committed to listing Pi as soon as the mainnet went live. However, some top exchanges like Coinbase, Kraken, and Upbit have not yet made a final decision. Notably, Binance, the world’s largest crypto exchange, announced that it would not list Pi immediately and is currently conducting a community poll on the matter.
In recent analyses, Crypto News predicted that Pi could potentially reach a price of $500 if the launch goes smoothly, regulatory approval is obtained, and more exchanges are attracted. Inside Bitcoins also emphasized the crucial role of major exchanges in shaping the future of this cryptocurrency.
The popularity of Pi Network was evident through various digital platform metrics. On Google Play, the app surpassed 110 million downloads and ranked within the top 4 social networking category. Pi Network also made it to the top 10 trending keywords on Google Trends on February 20th.
– 16:14 02/20/2025
The Crypto Investors’ Fury: Demanding the Pi App Be Deleted
The Pi Network, once a promising venture, is now facing a backlash from disgruntled investors. A multitude of disenchanted Pi coin investors have taken to the internet to voice their discontent, encouraging others to delete the application.
