Key Takeaways
- Pi Network Mainnet gets launched as Pi coin trades on top crypto Exchanges.
- Following the Pi coin listing on crypto exchanges, the price suffered over 60% crash within a few hours as traders remained optimistic.
- BTC’s price trades above $98,000, signaling market recovery could be expected, with more upside potential in the coming days.
After years of mining and hoping for its launch, the Pi Network is officially open for its Mainnet launch. Miners and holders of Pi coins can conduct transactions freely without interruption using different platforms such as Gate, Bitget, and OKX, which are the PI coins.
Holders and miners of Pi coin have all looked forward to these days. Many rumors circulated that Pi would never launch on the mainstream. At the same time, other miners and community faithful were resolved to continue mining, as this crypto token is built on strong community sentiment.
Despite the welcome Pi Network mainnet launch, the opening price was around $1 as the Pi coin didn’t perform as expected, with the Pi coin suffering a price crash of over 60% as it traded at around $0.66.
Source – Pi coin Chart From Coinmarketcap
With the price of Pi coin launching on notable platforms, traders and investors need to exercise caution. The price of Pi coin is highly volatile, with an initial gain of over 250% on its launch and a drop in price by over 60%. Due to its first launch, the price is currently unstable.
While the news of the Pi Network mainnet launch has gained much attention on the internet, the price of Bitcoin is good after reclaiming its high above $98,000 for the first time in weeks as the price could attempt a major price bounce, allowing altcoins to ride the market recovery.
Bitcoin (BTC) Market Update
Source – 1D BTC Price Chart From TradingView
The price of Bitcoin (BTC) is beginning to show some promising signs following a tough start to the week. BTC crashed towards $93,500 as it was faced with strong bearish pressure to trade lower.
BTC’s price faces minor resistance, around $98,800. It needs to break to the upside, as it is expected to rally to a high of $109,000, where it could face major resistance. A break and close above $109,000 could see BTC rally to a new all-time high of $120,000 or more.
FAQs For Pi Coin
Will Pi Coin Ever Be Worth Anything?
Pi coin is worth $0.66 and is traded on crypto exchanges like Gate, Bitget, and others.
Can You Sell Pi Coins Yet?
Yes, Pi coins can now be sold in exchanges.
How Much Can I Sell 1 Pi coin?
1 Pi coin is traded for around $0.6 per Pi coin
Does Pi Coin Have Any Value?
Yes, Pi coin is valued at around $0.66.
