Pi Coin, which has not yet been officially launched and is currently in discussions due to its IU (I Owe You) Coin. Recently, its market cap has become zero (0) on coinmarketcap, which could prove to be a major setback for PI community. However, the cause of this incident is not yet clear, but there is some speculation about it that it can also be a technical disturbance of Coinmarketcap.
What is Pi Coin’s IOU and its importance?
Pi Coin is currently available as an ouou coin, which is only a representative coin. This means that this is a type of promise, which Crypto exchanges have done to users that they will later convert it into an official Pi Coin. Pi Community is expected to be launched as official currency in the first quarter of 2025. recently Pi communication mainnet settingup delay Along with being, a new change has also come to light, in which the name of Pi Coin on Coinmarketcap has been changed to “Pi (IU)” and with this its price has reached $ 79.25, with an increase of 57.08% in 24 hours. Has got it, although its market is visible at cap 0.
The decline in market cap has increased concerns in PI community, but the PI’s full diluted value (FDV) remains $ 3.51 billion, which shows that the market still has many possibilities in the market. Talking about the trading volume, the most trading of Pi Coin is being done on Bitmart, where up to 75% shares are available. The HTX exchange also has a 25% trading volume, but its price on coinmarketcap is lower than other exchanges.
What do experts say about Pi Coin’s future?
However, some people are considering the decline in the market cap of Pi Coin as technical disturbances and experts believe that there are still good possibilities and its future can be quite bright. Pi Community has given continuous updates to its users and maintained enthusiasm in the community. When Pi Coin is officially launched in 2025, it can get a new identity in the Crypto Market.
The increase in Pi Coin Value at this time indicates that the trust of investors is increasing in this coin. If this trend continues in this way, Pi coin may emerge as a big cryptocurrency in the coming time. However, the question in the mind of Pi coin users is that What Pi Coin will be the right investment option after Mainnet Settingup And users can get its answer if the trust of investors remains in it till the time of its launch.
Conclusion
The decline in the market cap of Pi Coin may have increased some concerns, but the increase in its price and the stability in the FDV indicates that the Future of Pi Coin can be quite bright. Recently, the name of Pi Coin on Coinmarketcap has been changed to “Pi (IU)” and its price has seen an increase of up to $ 79.25, which has increased the enthusiasm of the investors. However, only after its official launching, its real price will be cleared. Therefore, investors should be invested in this cryptocurrency only after getting more information by being cautious at this time.
