Pi Network Price Prediction: Live Pi Coin Value Today

Pi Network price is down by a staggering 47% in 24 hours, with high volatility rocking the newly launched coin. In 24 hours, Pi Coin price has fluctuated between a high of $1.97 and a low of $0.61. Following this steep decline, Pi Coin was among the worst-performing tokens on Friday. 

Pi Coin value today stands at $0.64, after bouncing slightly from an all-time low of $0.61. As the hype around the Pi Network mainnet launch and the token’s OKX exchange listing fades, will this coin resume an uptrend or is another crash imminent?  

Pi Network Price Prediction: Live Pi Coin Value After Successful Mainnet Launch

Pi Network token faces high volatility, with the price fluctuating between $0.615 and $1.97 since launch. These sharp fluctuations are common with new token launches and may persist until the market establishes a stable value for Pi Coin. 

Pi Coin’s performance one day after launch is underwhelming considering the massive hype around the token and the Open Network mainnet launch. This downtrend is likely from early buyers booking profits or late buyers looking to minimize losses.

However, despite this dip, a parabolic rally to $300 remains likely due to the potential listing of Pi Coin on other centralized exchanges such as Binance. Exchange listings tend to bode well for new tokens, and could lead to PI forming fresh all-time highs. 

At the same time, the project’s tokenomics seem strong, with a circulating supply of 9.7 billion tokens. Pi Coin’s maximum supply stands at 100 billion tokens, indicating that only 9% of the available supply is available in the market.

The framework used to release the rest of this supply could influence the long-term performance of Pi Network price. The adoption of the blockchain by decentralized applications (dApps) will also have an impact on the price. 

Are Pi Coin Sellers on the Verge of Exhaustion?

The Pi Coin 15-minute chart shows a clear tussle between buyers and sellers. Shortly after launch, the high buying volumes were replaced by selling volumes that have seen its Relative Strength Index (RSI) fall to 40.

At this RSI value, Pi Network price is yet to be oversold, but bears are in control. For now, traders should watch out for seller exhaustion if the RSI falls below 30. Consequently, any positive developments from the network such as adoption could aid a rally.

Will the Hype Around Pi Network Last?

The Pi Network mainnet launch was marked with much hype from the crypto community. The buzz was similar to projects such as Hamster Kombat and Berachain. This hype drove the parabolic gains in Pi Network price shortly after launch. 

Whether this hype will last depends on the performance of Pi Coin. If it continues to struggle under selling pressure, the market sentiment around Pi Network could flip bearish.

However, if Pi Coin lists on Binance, another rally could be underway. Additionally for the altcoin to sustain a healthy uptrend and attain a stable price, Pi Network needs to develop strong use cases and gain adoption from dApps.