After months of anticipation, Pi Coin finally launched on its mainnet on February 20 at 1:30 PM IST, marking a significant milestone for the project. Since then, the token has experienced extreme volatility, keeping traders on edge. Currently trading at nearly INR 150 ($1.80), Pi Coin has fluctuated between INR 104 and INR 182, showcasing both strong demand and profit-taking activity.
A Wild Debut for Pi Coin
Pi Coin debuted at $1.40 (INR 120) before skyrocketing 30% to $1.67 (INR 144) within an hour. At one point, the token even reached $2 (INR 170) on certain platforms, only to face a sharp correction. Early investors rushed to cash out, leading to a steep 42% decline, dragging the price down to INR 75 ($0.90), with an intraday low of INR 55 ($0.66). However, a swift rebound pushed the coin back to INR 150, reflecting renewed market confidence.
Can Pi Coin Reach INR 200?
With trading volume surging to $1.12 billion in the last 24 hours and an estimated market cap of $10.75 billion, Pi Coin continues to draw investor interest. Many traders are now eyeing the INR 200 ($2.40) mark, a target that could be achieved within days if buying pressure sustains and new investors enter the market. However, profit-taking by early holders could dampen the momentum.
For Pi Coin to maintain its rally, it must establish strong exchange listings and real-world utility. Without these, sustaining price gains in the highly volatile crypto market remains uncertain. While some analysts believe the token’s resurgence signals long-term potential, others warn of further declines if liquidity dries up or investor sentiment shifts.
Also Read: Pi Network Mainnet Launch: Market Impact, Exchange Listings, and Future Outlook
The Road Ahead: Stability or Another Dip?
For now, INR 200 remains a critical psychological resistance level. However, traders should brace for heightened volatility as Pi Coin navigates its post-mainnet launch phase. Whether it stabilizes or experiences another steep correction will largely depend on market sentiment, liquidity, and investor confidence in the coming days.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
