The cryptocurrency called Pi Coin, or simply Pi, appeared on the so-called “open mainnet” on February 20th, meaning it is now officially available for trading. This cryptocurrency has attracted the attention of many crypto traders, including in our region, and has around 100 million active users worldwide. More than 10 million participants who have completed personal verification will be able to trade it on one of the official crypto exchanges. So far, it has been confirmed that it will appear on one of the world’s strongest exchanges, OKX.
Pi cryptocurrency is unique because anyone can mine it. It is enough to install the app and check in once a day. The problem, however, was that it has existed for six years but is only now entering the crypto market, leading many to lose trust and suspect it was a scam. Still, optimism has now returned, as millions of users and growing speculation have traders eagerly anticipating how much “Pi Coin” will actually be worth once trading begins. Although the chances are very slim, some experts claim it could perform better than other cryptocurrencies.
Several factors influence its value. These include exchange listings, the actions of early “Pi” holders, and market price anchoring. Expectations are high for Pi Network’s official entry into the crypto market.
Will Pi Network’s price surpass Bitcoin after launch?
A recent 100% increase following Pi Coin’s listing on the OKX exchange has further fueled speculation about a possible listing on Binance, the most well-known cryptocurrency platform. This surge raised the price from 50 to over 70 dollars, and in the past week alone, Pi has increased by 50%.
However, neither Binance nor the team that created “Pi Coin” has confirmed these plans, leaving traders in uncertainty.
Despite its growing popularity, critics point out that Pi Coin was not designed for speculation but rather for an economy based on bartering. If it is not listed on major exchanges, its adoption could therefore be gradual rather than explosive.
A potential listing on Binance could significantly impact the price of “Pi” and attract greater interest from traders. However, history shows that tokens experiencing rapid price surges are often followed by sharp declines. This has happened with certain coins that initially saw massive so-called “hype” but later fell in value because no one used them for transactions – a key requirement for any cryptocurrency to succeed in the market. Without a strong foundation, Pi Coin could face similar challenges despite its large popularity.
Still, other exchanges like Bitget, OKX, and MEXC have already shown interest in “Pi Coin.” The crypto community remains divided on whether “Pi Coin” can maintain its momentum and perhaps, in the long run, even surpass Bitcoin.
People in our region are also hopeful, having mined this crypto coin on their mobile phones for a year. They hope it is not a scam or just a “pumped-up” story that will hold no real value in trading. For now, the most unrealistic estimate is that the initial price of “Pi” will range between 0.5 and 5 dollars. The one piece of advice given to everyone, as with any new cryptocurrency launch, can be summed up in a single word – patience. No cryptocurrency has “exploded” in value immediately, and it takes a long time for the market and traders to build trust in it.
