Pi coins have plummeted and soared! After a 60% decline, it will lead to an increase of 80%. Can the legend of new highs be continued in the future?

The price fluctuated violently after the launch of the Pi currency main network, first plunging by more than 60%, and then soaring 80% to US$1.29, arousing widespread attention from the market. This roller coaster market has caused investors to question its future trend.

Sharp fluctuations in the price of Pi coin

Pi currency once hit a high of $1.97 on the first day of its listing, then quickly fell to a low of $0.737, and then rebounded strongly by 80% to reach $1.29. CoinMarketCap data shows that the recent high is $1.52 and the support is about $1.10. Whether this support level can be maintained will directly affect future trends.

Pi Network users continue to grow

Despite the sharp price fluctuations, the number of users of Pi Network continues to grow. The project was founded in 2019 by a PhD at Stanford University and currently has more than 60 million users. Its unique mobile mining mechanism and main network online have attracted a large number of users, especially in the Indian market, where the number of downloads in Google Play Store has exceeded 100 million times. Many exchanges such as OKX and Bitget have launched Pi coins to further promote their internationalization process. Some exchanges have also launched airdrops to promote the adoption of Pi coins.

Reasons behind the plunge: Questioning and selling pressure

Pi's first plunge could be caused by a number of factors: doubts from industry leaders hurt its reputation; early investors sold out for cash out after the mainnet was launched; and overall cryptocurrency market weakness.

The future of Pi coins: Can the rebound continue?

There is still uncertainty as to whether the rebound of Pi coins can continue. If it remains above US$1.10, it may rise further; if it falls below this support level, it may bottom out again to the range of US$0.94-1.00. Market sentiment will be a key factor, and optimism and sustained growth demand will benefit Picoin, but doubts about its legitimacy and market prospects may still lead to volatility. Performance in the coming weeks will be crucial, deciding whether the rebound is a long-term trend or a brief rebound.

Success is not accidental. Choice is greater than effort, and the circle determines destiny. Talking about strength and embodying value! Only by accurately grasping the market points can you gain profits from fluctuations in the currency circle. When to buy and when to sell, this is the key. Higher returns depend on your choice, and choice is greater than effort!

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