Pi Network Coin launched on February 20, 2025, as the first mineable mobile cryptocurrency. Despite initial success, the coin’s value dropped over 55% shortly after. Investors should assess regulatory clarity, market support, and ecosystem potential, while considering their risk appetite. Pi aims to make crypto accessible and transform digital payments.
The newly launched Pi Network Coin made waves on February 20, 2025, marking a historic moment as the first cryptocurrency mined directly on mobile devices. Its Open Mainnet launch concluded a previous phase that began in December 2021, creating opportunities for millions globally to trade Pi Coin on significant exchanges, thus ushering in a new era for this innovative currency.
Before diving into investment decisions concerning Pi Coin in India, experts stress the importance of proactive assessments. Thangpandi Durai, CEO of Koinpark, highlighted, “Before buying Pi Coin in India, investors must assess key factors to make an informed decision.” The coin, borne from the minds of Stanford alumni Nicolas Kokkalis and Chengdiao Fan, encourages energy-efficient mining while enabling peer-to-peer transactions, merchant payments, and support for decentralized applications.
Investors should scrutinize essential factors like regulatory clarity, liquidity, exchange listings, project roadmap, and tokenomics. The recent launch allowed trading to commence, yet long-term viability hinges on robust ecosystem adoption and governance. Due diligence is critical to ensure alignment with individual financial goals and risk tolerance.
The buzz around Pi Coin intensified after its mainnet launch, which saw the coin initially soar past $2 before plummeting over 55% to around $0.78 within 24 hours. This harsh reality raises essential considerations for any potential buyer.
Key points such as price volatility stand out, as early adopters who mined since 2019 now cashing out have intensified the short-term price variances. The lack of major exchange support, particularly absence from giants like Binance, restricts Pi’s liquidity and broader reach in the crypto landscape.
Regulatory uncertainties also loom, particularly in India, where evolving policies could disrupt trading dynamics. “Evaluating regulatory clarity, liquidity, exchange listings, project roadmap, and tokenomics is crucial,” emphasized Thangpandi Durai, reminding investors to factor in their risk appetite in this volatile market.
Nonetheless, amidst these challenges, Pi Network harbors a revolutionary ambition to democratize digital payments by simplifying mining for ordinary users without the energy costs synonymous with Bitcoin. The vision seeks to cultivate a vibrant ecosystem allowing Pi Coin to flourish across transactions and decentralized finance applications.
In summary, the launch of Pi Network Coin represents both an opportunity and a challenge for investors. With its unique mobile mining capabilities, it has quickly garnered attention, though significant volatility and regulatory concerns persist. Investors are advised to thoroughly evaluate their strategies, being mindful of the inherent risks in the rapidly changing crypto landscape. Conducting detailed research and remaining informed are crucial steps for those considering an investment in Pi Coin.
Original Source: www.livemint.com
