Pi Coin has fallen over 55% from its peak of $2.98 to $1.38 amid a market selloff due to economic uncertainties. The coin, launched on February 20, garnered attention with potential Binance listing. Despite current volatility, investors are optimistic about possible recovery.

Pi Coin, a cryptocurrency launched on February 20, has seen a decline of over 55% from its peak value of $2.98 on February 26. Currently, the price stands at $1.38, indicating a significant drop of 53.69%. This downturn is part of a broader selloff in the cryptocurrency market, affected by economic uncertainties, including potential tariffs by U.S. President Donald Trump and growing recession concerns.

The declining trend has similarly impacted other cryptocurrencies. Bitcoin fell below $77,000, reaching a four-month low, while Ethereum experienced an 8% drop. Notable losses were also reported in other cryptocurrencies such as XRP, BNB, and Solana.

Founded by Stanford graduates Nicolas Kokkalis and Chengdiao Fan in 2019, Pi Coin aims to democratize access to cryptocurrency. Its initial launch raised expectations for profitability among investors, particularly those who previously overlooked high-value coins like Bitcoin. However, the current market volatility has tempered short-term investment hopes.

As attention grows around Pi Coin, there is speculation regarding its potential listing on Binance, the largest cryptocurrency exchange globally. Reports indicate that the listing could occur on March 14, following a favorable vote from 86% of 300,000 participants in February. However, Binance clarified that this vote was merely for reference, not a guarantee of listing.

Investors are optimistic that a potential listing on Binance may reverse the current negative trend and potentially uplift the value of Pi Coin to $3. In addition, Bitcoin’s value has soared over the past decade, now standing at approximately $80,792.62, a remarkable increase from its mere $0.1 price in 2010.

Pi Coin has faced a volatile downturn exceeding 55% from its peak, influenced by broader market uncertainties and rising trade tensions. Despite these challenges, the anticipated listing on Binance may provide potential for recovery and enhance investor sentiment. The ecosystem of cryptocurrencies remains dynamic, with changes in macroeconomic indicators potentially impacting value significantly. Investors are urged to remain cautious yet hopeful amid the speculation surrounding Pi Coin’s future.

Original Source: www.ndtvprofit.com

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