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Picture this: 60 cardinal radical worldwide, including tons of america successful India, are waiting for Pi Network’s Open Mainnet to driblet connected February 20, 2025. Before the launch, “IOU” tokens were trading online for $50, adjacent spiking to $300, similar immoderate crypto lottery dream. But now, hardly a week later, the existent Pi Coin terms is sitting astatine $2 oregon ₹180 for us. What happened to the hype?
From IOU Dreams to Mainnet Reality
Before the large day, Pi IOUs were conscionable placeholders, not existent coins. People traded them similar Pokémon cards, with prices hitting $50–$300 based connected axenic vibes, not value. Then, boom—February 20, 8:00 AM UTC, the Open Mainnet launched. According to coinmarketcap, Pi Coin deed exchanges similar OKX, Bitget, HTX, and Gate.io, kicking disconnected astatine $2.29 with a chaotic $1 cardinal successful trading volume. Some speedy mathematics (about 6 cardinal tokens migrated) suggested a $12–$14 cardinal marketplace cap. Insane, right?
But wherever is the hype now? Where is the enthusiasm of pioneers?
Early miners who got Pi for escaped started dumping it fast. X posts were like, “Pi coin released, and it’s a sell-off frenzy!” The terms tanked to $0.737 successful days earlier chilling astir $1.60–$2. It’s the classical crypto rollercoaster—big dreams, bigger world checks.
Why’s Pi Stuck astatine $2–$3?
So, wherefore isn’t Pi astatine $300—or adjacent $50? Here’s the scoop:
- Too Many Coins, Not Enough Buyers:
Billions of pre-mined Pi flooded the market. With a 100 cardinal full proviso cap, the 6 cardinal retired present termination immoderate scarcity vibes. Everyone got them free; each we had to bash was pat erstwhile a time successful the app.
- Exchange Drama:
Heavyweights similar Binance haven’t listed Pi yet. They volition marque assemblage votes but not database the tokens. Bybit started a beef with the network; had the speech not been hacked, the play would person intensified.
- It’s Not Useful (Yet):
Pi’s got 100+ apps acceptable and events similar PiFest 2024, but you can’t precisely bargain chai with it yet. It’s inactive much hype than help.
- Wild First Week:
Prices swung 80%, and billions traded regular earlier settling astatine $2–$3.
Those IOU prices? Total fantasy. Real Pi Coin’s playing by supply-and-demand rules now, not daydreams.
Pi Coin 101 for Traders: The Latest
Alright, let’s interruption it down arsenic of March 1, 2025:
What is the Pi coin price?
As per information from CoinMarketCap, the Pi coin terms is $2.08 connected OKX, MEXC, HTX, and Bitget, the trading exchanges for Pi coin.
What Is Pi Coin Price successful India?
At $1.8 to $2.2, the Pi coin terms is ₹157 to ₹192 successful India, considering the dollar to INR speech astatine ₹87.5.
Where tin you commercialized Pi coin?
OKX, Bitget, HTX, and Gate.io person it, but determination regularisation tin halt users from trading.
Is It Legal to Use Pi Coin successful India?
Yes, trading and holding crypto is legal, with a 30% taxation connected profits and 1% TDS connected transactions. However, users indispensable usage FIU-registered exchanges to comply fully. Unregistered platforms similar HTX and Gate.io aren’t lawful options without clarification of their status.
What’s Next for Pi
Pi’s $2–$3 terms shows a marketplace figuring itself retired aft a proviso dump and constricted reach. For america successful India, VPNs and apps are however we’re jumping connected HTX and Gate.io, but it’s a gamble. Safer bets similar Binance oregon Indian exchanges could alteration the crippled if Pi lands there. Looking ahead, immoderate accidental $5–$10 by year-end if adoption kicks in; successful Indian currency, that terms is astir ₹500 to ₹1000. Not galore tin enactment distant from tempting offer…
Others deliberation it’ll flop if it stays useless. Are you trading Pi coin oregon waiting it out? This crypto story’s conscionable getting started—and I’m stoked to beryllium covering it.
Also Read: 5 Key Facts About Pi Network and Pi Coin You Should Know
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