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Will Pi Network Crash to Zero?
Pi Coin’s wild price swings didn’t stop at the opening crash. The price briefly soared to $3.40 before tumbling yet again. Pi Coin fell below the $1 mark soon after trading started and the token managed to stabilize at $1.50.
The Pi price speculation had been rampant before launch, with rumors of IOU prices ranging from $60 to $70, but the actual market value proved far more fragile than many had hoped. Now, analysts and investors fear the price will go to zero. Some analysts already point to a 99% price crash after a few hours of launch.