Pi Coin surges nearly 300%: What’s fueling the rally? Latest price, market trends, and more
Pi Coin has taken the cryptocurrency world by storm. Since its Open Mainnet launch on 20 February, the digital asset has gained over 290%, with its price soaring past $2.16. This dramatic surge has placed it ahead of major players like Bitcoin, Ethereum, and Dogecoin, all of which have seen declines of 9–20% in the past week.
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The excitement around Pi Coin stems from several key developments. The Open Mainnet launch now allows users to transfer their Pi Coins outside the Pi Network, a long-awaited milestone. In addition, its listing on major exchanges, including OKX, Bitget, and CoinDCX, has boosted accessibility and liquidity.
But is this growth sustainable, or is Pi Coin just another crypto bubble?
The Driving Forces Behind Pi Coin’s Rise
Several factors have contributed to Pi Coin’s dramatic rise:
- Open Mainnet Launch – This has been a major turning point, allowing Pi Coins to be traded outside the closed network for the first time. The move has heightened investor interest and sparked market activity.
- Growing Exchange Listings – More platforms are now supporting Pi Coin, making it easier for traders to buy and sell. Increased accessibility often translates to higher demand.
- Strong Community Support – With over 60 million users, the Pi Network has built a dedicated following. This strong backing has provided resilience against market downturns.
