Pi Coin Bounces Back to ₹150, Can It Hit ₹200 Soon?

After months of waiting, Pi Coin yet launched connected its mainnet connected February 20 astatine 1:30 PM IST, and it’s been a rollercoaster ever since. The token, present trading astatine INR 150 ($1.80), has been swinging betwixt INR 104 and INR 182, keeping traders connected their toes. It started astatine $1.40 (INR 120), spiked 30% to $1.67 (INR 144) wrong an hour, and adjacent touched $2 (INR 170) connected immoderate platforms earlier crashing backmost down. The question present is, tin it ascent to INR 200?

Source: CoinMarketCap

Pi Coin’s motorboat was met with utmost volatility. As expected, aboriginal holders rushed to sell, pushing the price down by 42% to INR 75 ($0.90), and astatine 1 point, it deed a debased of INR 55 ($0.66). But successful a astonishing recovery, the token is backmost to INR 150. 

Trading measurement successful the past 24 hours has surged to $1.12 billion, and the estimated marketplace headdress present stands astatine $10.75 billion, showing that the coin inactive has plentifulness of capitalist interest.

The question present is, what clip Pi Coin volition transverse INR 200 ($2.40)? This volition instrumentality effect successful little than a week if purchase pressure stays, and further traders enter. But if investors statesman to instrumentality profits, the momentum could chill off.

These increasing capitalist confidence, indispensable powerfully unafraid exchanges arsenic good arsenic real-world usage cases successful bid for Pi Coin to support this momentum. But thing is definite successful the volatile crypto market.

Although immoderate analysts are hoping to spot semipermanent viability successful Pi Coin’s return, others are doubtful astir the anticipation of further drops. It volition instrumentality the adjacent fewer days of marketplace sentiment and liquidity to spot if the token volition stabilize oregon spell through another crisp correction.

INR 200 is connected the radar for now, but traders tin expect to endure greater volatility earlier reaching it.

Also Read: Pi Coin Sees $1.34B Trading, But Price Drops 60% Overnight