Pi Network: ‘Hold your precious coins!’ Crypto experts see further upside after Pi recovers 73% from day one crash

Pi Network Coin Price Today: The Pi Network Coin, popularly pegged as the ‘future of social cryptocurrency in Web 3,’ has experienced a roller-coaster price movement since its Open Mainnet launch earlier this week. After hitting a remarkable all-time high of $2.10 on launch day, the Pi Coin crashed by a massive 71 per cent within the first 24 hours of getting listed on exchanges.

However, prices have recovered by almost 73 per cent from the price crash, and the mobile-first digital mining currency has also reported a slight uptick in its market cap. Users can buy, sell, and trade Pi like any other cryptocurrency, with fluctuating prices as the market reacts. Pi Network Coin is live and listed on seven major crypto exchange platforms: OKX, Gate.io, Bitget, and CoinDCX.

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Pi Coin Price Today

According to CoinMarketCap data, Pi Coin traded at $1.24, higher than 73 per cent from yesterday’s crash. The digital currency’s market cap stood at $8.6 billion at the time of writing. Pi Coin is 35 per cent lower from its all-time high of $2.01 and 120 per cent higher from its all-time low of $0.6152. The total supply of Pi Coin is currently at 9.82 billion, while the maximum supply could react at 100 billion PI. The coin’s self-reported circulated supply is 6.38 B PI.

Should you buy Pi Coin? Experts see further upside

Crypto expert Kim H Wong believes trading in Pi is disappointing as pioneers keep selling and buy orders are small (highest 1K Pi, on average a few hundred Pi). No big capital is in sight. “However, this can also be considered positive, as sellers are exhausted, and buyers jump in, price should go back up again,” he said.

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“No matter what, what is important is Pi has successfully opened its network to the world, and as people understand the power of Pi Network, the price will go up when big capital jumps in. Hold your precious Pi coins!,” suggests Wong to crypto enthusiasts. His remarks come after the 71 per cent crash after the Mainnet launch.

According to Thangpandi Durai, CEO of Koinpark, “While its Open Mainnet launch has enabled trading, long-term success depends on ecosystem adoption, governance, security, and real-world utility. Investors should conduct thorough due diligence to determine if Pi Coin aligns with their financial strategy and risk appetite,” said Durai.

What is Pi Network Coin?

Pi Network is a community of users mining Pi cryptocurrency to use and build the Web3 app ecosystem. Pi Coin is the native cryptocurrency of the Pi Network, founded by Stanford PhD graduates Nicolas Kokkalis and Chengdiao Fan.

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Designed as a mobile-first, mineable cryptocurrency, it enables users to earn rewards without energy-intensive mining. Its use cases include peer-to-peer transactions, merchant payments, and decentralized applications (dApps) within its ecosystem. Pi uses the energy-light mining method with the crowd-scaled KYC solution to provide access and identity verification for Web3.

Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts, consider individual risk tolerance, and conduct thorough research before making investment decisions, as market conditions can change rapidly, and individual circumstances may vary.