Pi Network (Pi) makes a quick recovery from $0.77 to breach a crucial resistance level as it advances towards the $2 zone

Pi Network Coin has officially entered open trading, witnessing sharp price swings since its listing on major exchanges. After an initial surge to $1.97, the cryptocurrency plunged over 60% before rebounding nearly 160% in a day.

Pi Coin has made a dramatic comeback, surging 80% to $1.29 after crashing over 60% on Day 1 of its mainnet launch. The Web3-based cryptocurrency, which allows free mining via a mobile app, had initially peaked at $1.

The Pi network launch is here as PI Coin plunged nearly 100% within minutes of the highly-anticipated event. Can it recover?

When the Pi Coin was launched, its price touched a remarkable all-time high of $2.10. However, on the same day, it crashed by 71 per cent to hit an all-time low of $0.6152.

Cryptocurrency is reshaping financial ecosystems across the world. In India, we are experiencing the rise of two significant digital assets - Pi Coin and Jio Coin.

Pi Network price initially jumped after the mainnet launch on Thursday, and then erased all those gains. Pi, the popular tap-to-earn token, was trading at $0.7290 on Friday morning, much lower than Thursday’s high of $2.