Big news in the world of cryptocurrency! A new cryptocurrency called Pi Network launched its own coin, called PI. Millions of people have been 'mining' these coins on their phones for years. The launch was exciting, with some big price swings!
- The PI coin started at $1.70 but quickly went up to $2.00.
- Then, it dropped to $0.97 – that's a big fall!
- Lots of people were trading it, but there wasn't enough money available on exchanges to handle all the buying and selling.
- Pi Network is similar to other projects that have used lots of marketing and referrals to attract users.
| Fact | Number |
|---|---|
| Starting price of PI | $1.70 |
| Highest price of PI | $2.00 |
| Price after the drop | $0.97 |
| Number of Pi Network users (claimed) | 60 million |
