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Pi Network Coin Price: As of 2:02 pm on Friday, the 24-hour trading volume was down by nearly 22.11 per cent to $56.37 million, with a total supply of 68 million. Its price stands at $1.77.
Pi Network is a Web3 blockchain project that allows users to mine the cryptocurrency on mobile phones, unlike Bitcoin that requires expensive mining equipment.
Pi Network Coin, which is the latest cryptocurrency to hit the market, on Friday declined by 8.64 per cent in the past 24 hours. The price of the Pi Coin now stands at $1.77. The decline in rates comes despite the Donald Trump established the US Crypto Reserve.
According to CoinSwitch Market Desk, the market reaction to the news of the US Crypto Reserve was a bit negative as people were expecting the US to deploy fresh capital to cryptos.
As of 2:02 pm on Friday, the 24-hour trading volume was down by nearly 22.11 per cent to $56.37 million, with a total supply of 68 million, according to coinmarketcap.com.
Recently, Pi Coin hits its peak of $2.94 in a rally post its Open Mainnet launch on February 20. On February 27, the token gained 36.77 per cent within a day. On March 5 also, the Pi Network Coin surge over 13 per cent in a day.
Pi Network Price Prediction Mainnet Launch
According to Fortune India, if Pi Network evolves into a widely accepted digital currency with real-world use cases, its price could exceed $500 by 2030.
Experts also predicted that if the price of PI breaks above the $1.90 level with strong volume, a rally toward $10 could follow, according to binance.com.
They warn that if it fails to break the level, selling pressure could pull the price downwards strongly to a low of $1.54.They also point out that bulls must hold support above $1.74 to confirm a bullish breakout. The current price of PI stands at least 1.06% below the key level of $1.90, it added.
How To Buy?
The Pi Network Coin is now listed on major exchanges like CoinDCX, OKX, and Bitget. Users need to install any of the app, complete KYC, and add money to the app’s wallet to buy the crypto.
Bitcoin Price Today
The crypto market was trading lower on Friday afternoon. While BTC and ETH fell by 5%, ADA plummeted by 10%. XRP however showed the most resilience and is still down by only 1%.
Trump has established the US Crypto Strategic Reserve that will include Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA).
Ashish Singhal, co-founder of CoinSwitch, said, “The creation of a Strategic Bitcoin Reserve by the US government marks a pivotal moment in the mainstream recognition of crypto as a legitimate store of value. With the decision to build reserves through enforcement actions rather than taxpayer funds, the US has signaled its intent to embrace the future of digital finance. While the market initially reacted with mixed signals, the long-term implications are undeniably bullish — clearer regulations, reduced uncertainty, and a stronger foundation for institutional adoption.”
