Pi coin fluctuates strongly when listed on the exchange

(NLDO)- At 3:00 p.m. on February 20, Pi Network was officially listed on a number of exchanges.

According to records, on the OKX exchange, Pi was listed at 2 USD/pi. However, when it was just listed, contrary to expectations of price increase, this coin was suddenly sold off, falling sharply by 20%, down to 1.2 USD/pi.

On Mexc exchange, Pi price is increasing at 1.4 USD/pi. On Bitget exchange, Binance, this coin is not listed yet.

According to the reporter's records, after Pi was listed on the exchange, many players called for buying to take advantage of the low Pi price opportunity.

Hong Viet account: "Buy quickly everyone, tomorrow Pi price may increase very strongly, up to 30 USD/pi. This is an opportunity to buy".

Meanwhile, many people expressed disappointment when thinking that Pi coin was trading at 50-60 USD/pi before listing but now it is only 2 USD and is plummeting.

Pi price dropped sharply as soon as it was listed on the exchange

"Hey, Pi was trading at over 50 USD/pi, why is it only 2 USD now? It just went on the exchange and has already dropped so much, what will happen tomorrow? Now that the price has slightly increased again, should I sell? I'm afraid someone is pushing the price to the top and then dumping it" - account Phuong Minh shared.

Experts say that on the first day, Pi may increase in price due to the buying psychology of players, but not significantly because there is a lot of Pi on the market, because the people who previously mined free Pi are holding a lot of this currency.

"Once listed, Pi's price may increase sharply due to the FOMO (fear of missing out) trend. But it is expected that in the near future, Pi's price will plummet, possibly down to 0.0000...x USD/pi, which is very difficult to determine. Players should not rush to buy, it is very risky" - this expert said.

Previously, before the time Pi was listed on the exchange, in Pi Network groups on Facebook, many "Pi players" accounts continuously posted articles, expressing their expectation that Pi coins would have a high price before the time Pi Network was officially announced to be listed on the exchanges at 3:00 p.m. today.

Some Pi groups in provinces and cities also shared articles that they organized events about Pi, preparing for grand celebrations.

During this time, Pi trading activities also took place vigorously, fluctuating from 60,000 - 100,000 VND/pi.

Van Phong account, said Pi can reach 10,000 USD/pi. Currently sold cheaply for those who want to invest with high profits, the price is just over 100,000 VND/pi.

"I want to sell the entire wallet for nearly 100,000 VND/pi, and give away an iPhone 15. After Pi is listed on the exchange, it will cost about 70-80 USD/pi and after a while it can increase to 10,000 USD/pi, even equal to Bitcoin" - this account shared.

Account Ho Hiep said he also wants to sell 50,000 pi before the listing, priced at 90,000 VND/pi. "Everyone buy quickly to accumulate, the expected price of Pi will be 50-60 USD/pi. Due to personal reasons, I cannot continue playing" - Mr. Hiep said.

In Vietnam, virtual currency, electronic money, crypto currency... are not currencies and are not legal means of payment.

Source: https://nld.com.vn/dong-pi-bi-ban-thao-ngay-khi-len-san-196250220145241312.htm