- By Aditya Pratap Singh
- Thu, 27 Feb 2025 03:26 PM (IST)
- Source:JND
Pi coin today: The massive surge in Pi coin price in the past 6 days, has given a jolt to the crypto world. The bullish trend continued in the last 24 hours as well as the pi network coin surged over 45 per cent in the period. The cryptocurrency has been on a dream run since the pi network main net launched on an open network or retail crypto trading platforms.
The pi coin was trading at $2.74, up 45.84 per cent in the n last 24 hours at the time of writing. Pi coin suffered significantly in the very first 24 hours after its mainnet was launched last week, however, it has been on a bullish momentum post then. On February 21, the price of the coin was $0.7123 and has went past $2.73 on February 27, a tremendous rise of over 300%.
Despite the rise of Pi Coin, Bitcoin has dropped below $90,000 for the first time in a month, indicating a significant correction in the cryptocurrency market. Other cryptocurrencies like Ethereum, Solana, Cardano, and Tron have also experienced substantial losses, contributing to a negative overall market sentiment.
What are the factors of the Pi Coin price rally?
Increased market hype: The Pi network officially launched on February 20, capturing the interest of new investors.
Open mainnet launch: This was a pivotal moment, enabling Pi coins to be traded outside the closed network for the first time. This development has sparked greater investor interest and boosted market activity.
Strong community backing: With over 60 million users, the Pi network has cultivated a loyal following. This robust support has helped mitigate the impact of market downturns.
Rising speculation: As Pi Coin gains momentum in the market, traders are increasingly betting on its long-term potential.
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