After about 9 years of building its community, the Pi Coin Network finally launched on the mainnet to the amusement of the industry. However, for a coin whose IOU price traded as high as $183.49, the current price is highly disappointing to early miners. While still early, many are wondering if, with the inconsistencies tied to the protocol at this time, Pi Coin hit a high price of $10 after the mainnet launch.
Pi Coin Price Shocks Investors
The days leading to the mainnet launch of Pi Coin on the mainnet came with significant community hype. In the first few days, some community members anticipated the coin to skyrocket as high as $300. However, the current PI outlook has stunned expectant miners.
According to CoinMarketCap data, Pi Coin’s price was $0.7620, down 55.16% in less than 24 hours. With a market capitalization of $4.77 billion, PI has a trading volume of $1.09 billion. Despite its relatively young age, PI now has a valuation bigger than Monero (XLM), PEPE, and Internet C
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