PI Token's Wild Ride: From 705% Surge to 40% Plunge in Days
1min read The pi Network's PI token, launched on February 20, has experienced a rollercoaster ride in its early days. The token initially surged by 705.051% on its launch day and has since risen nearly 1,458.372%. On February 27, the PI market reached an all-time high of $2.98, marking a staggering 2,856.35% increase from its opening price. However, the market has since plummeted by over 40.82%, with the price currently standing at $1.67.
The PI token's impressive growth in the initial days of its launch sparked significant excitement in the cryptocurrency market. Between February 20 and 26, the PI market grew by approximately 2,692.85%. However, the trend reversed on February 27, with the market dropping by at least 40.82% since reaching its all-time high. In the last 24 hours alone, the PI market has slipped by no fewer than 6.9%, indicating the clear dominance of sellers over buyers.
Despite its meteoric rise, the PI token has not yet been widely adopted by exchanges. Binance launched a community poll to gauge user interest in listing PI, but the poll received only 0.12% participation from the 250 million Binance community. Nevertheless, over 86% of the respondents voted in favor of the listing. Binance has since clarified that the final decision on listing PI will be based on its official review processes and standards.
Looking ahead, CoinCodex predicts that the PI market will witness a growth of 234.84% this month. The average price of PI in March is expected to be $3.37, around 101.79% above the current price. The maximum price is projected to reach $5.64, over 237.72% above the current price, while the minimum price is expected to be $1.68, at least 0.59% above the current price.
As the PI token continues to make waves in the cryptocurrency market, investors and enthusiasts alike are eager to see how it will perform in the coming months. With its impressive growth and potential for further gains, the 