Pi Coin continues recovery as price nears $2 after major dip

ISLAMABAD: Pi Network, the cryptocurrency developer that recently launched its Pi Coin on February 20, 2025, has been generating significant interest, with its popularity growing by the day as more people talk about it. Interestingly, Pi Coin is now the world’s 11th largest cryptocurrency, according to CoinMarketCap.

Many are curious about its future, speculating on where it will stand by 2030 and whether its price could reach as high as $1,000.

Despite its rapid rise in popularity, Pi Coin has been the subject of controversy just six days after its launch. Many have criticised the coin, especially after its price dropped from the launch value of $1.84 to $0.65, leading some to doubt its potential to perform like other established cryptocurrencies.

However, the coin has since rebounded, recovering to its original value within six days, and it remains in a recovery phase. As of today, Pi Coin is priced at $1.89 according to CoinGecko, and its 24-hour performance shows it is in the green, having increased in value after 7 AM. The coin even touched $1.93 earlier in the day.

Pi Coin’s ability to recover during a time when other cryptocurrencies are struggling has led many to believe it is defying market trends. This impressive performance under challenging conditions suggests that Pi Coin is not just a fleeting trend but a robust project with long-term potential.

Although the current price of Pi Coin is under $10, some market experts predict it could reach as high as $500 within the next five years, depending on how widely it is adopted and its practical utility.

On the other hand, some YouTubers are highly optimistic about Pi Coin, with some encouraging viewers to hold on to their coins, even during dips.

YourPOP, known for his crypto investment-related videos, even speculated that Pi Coin’s value could rise to $1,000 in the future. However, these predictions remain speculative, and the coming days will ultimately determine Pi Coin’s fate.

At the time of writing, Pi Coin has risen by 20.3 per cent to $1.88, and it appears likely that it will soon reach $2.

It’s important to note that Pi Network allows users to mine and transact Pi using a mobile-friendly interface while supporting applications within its blockchain ecosystem. Pi Network follows a negative exponential declining token issuance model, meaning mining rates decrease over time based on the network’s growth and participation.

Pi Network has a community of tens of millions of individuals mining Pi cryptocurrency to build the Web3 app ecosystem. The blockchain network relies on its community of “Pioneers” and rewards them for their diverse contributions and digital citizenship through a clear, meritocratic, and decentralised mobile mining mechanism.

Binance is also considering listing Pi Coin on its platform and is seeking input from the community before making a final decision. Being listed on Binance could significantly boost Pi Network’s visibility, attracting new users and investors.

Where to buy Pi Coin?

Pi Coin is now listed on major exchanges, and investors or anyone interested can purchase it by following these steps:

1: Download an exchange app such as CoinDCX, OKX, or Bitget.

2: Complete the KYC (Know Your Customer) verification process.

3: Add funds to your exchange wallet.

Once these steps are completed, Pi Coin can be bought directly from the exchange platform.

In Pakistan, like in other countries, Pi Coin is gaining interest among crypto investors. While it may seem like a promising investment opportunity, caution is advised, especially for those unfamiliar with cryptocurrency trading or lacking basic trading knowledge.

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