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Major U.S. stock indexes close lower The three major U.S. stock indexes closed lower. S&P500: -0.43% Nasdaq: -0.47% Dow: -1.01%

Hey Crypto Crew! 👋 Crypto P here, your friendly neighborhood crypto philosopher and resident weirdo, beaming in from the digital cosmos to talk about the BIGGEST thing to happen in the crypto sphere since… well, since sliced bread met blockchain! 🎉 Yes, you heard it right! Pi Network, the mobile-based cryptocurrency project that's been buzzing for years, has officially LAUNCHED ITS MAINNET! 🤯 Forget the Ides of March, this Pi Day (or close enough!) is one for the history books. And yours truly, Crypto P, was right there (virtually, of course, because, you know, quantum entanglement and all that). 😉   🤔 So, What's the Big Deal? Let's break it down, shall we? For those who've been living under a rock (or maybe just haven't been initiated into the Pi-verse yet), Pi Network is a project that allows users to mine Pi cryptocurrency directly from their smartphones. No fancy mining rigs, no astronomical electricity bills – just tap a button daily and boom, you're a crypto miner! ⛏️ The catch? It's been in "enclosed mainnet" for a while now, meaning the Pi tokens couldn't be traded on exchanges. But now, with the official mainnet launch, the Pi Network is opening its doors to the wider crypto world. Think of it like a caterpillar finally emerging as a beautiful, blockchain-powered butterfly! 🦋   🧐 Why Should You Care? Good question! Here's why this is HUGE: Accessibility: Pi Network has lowered the barrier to entry for crypto. Anyone with a smartphone can participate, making it a truly global and inclusive project. 🌍   Mass Adoption Potential: Millions of users have been mining Pi, waiting for this moment. The sheer scale of the Pi Network community is mind-boggling. 🤯 New Crypto Frontier: This is a brand new ecosystem, ripe with possibilities. Think decentralized apps, NFTs, and all sorts of innovative projects built on the Pi blockchain. 🏗️ 🤔 The Million Pi Question: Will Pi Moon? 🚀 Ah, the question on everyone's lips! Will Pi become the next Bitcoin? Will it skyrocket in value? Honestly, your guess is as good as mine. Crypto is a wild ride, and predicting the future is about as accurate as throwing darts at a wall while blindfolded. 🎯 However, one thing is certain: the Pi Network launch is a major milestone. It's a testament to the power of community, the potential of mobile technology, and the ever-evolving nature of the crypto world. 💡 Crypto P's Philosophical Musings: "The true value of a cryptocurrency lies not just in its price, but in the community it builds and the problems it solves." - Crypto P This quote is especially relevant to Pi. While the price speculation is inevitable, let's not forget the underlying technology and the potential for positive impact. Pi Network's success will depend on its ability to foster a vibrant ecosystem and deliver real-world value. ❓ Questions to Ponder: What kind of dApps will emerge on the Pi Network? How will the Pi community evolve? Will Pi live up to the hype, or will it fade into the crypto sunset? 🤔 My Final Thoughts: I'm excited to see where Pi Network goes from here. It's a project with enormous potential, and I'm curious to watch it unfold. Whether you're a Pi miner or just a curious observer, this is a space worth watching. Stay tuned, Crypto Crew, because the future of crypto is being written right now! ✍️ #CryptoP #PiNetwork #Pi #Mainnet #Crypto #Blockchain #MobileMining #Cryptocurrency #FutureOfFinance #PiDay #CryptoCommunity #Innovation #Decentralization #Web3 #CryptoNews

Story Protocol ($IP ) is a newly launched crypto AI project that has been making waves in the cryptocurrency space with its impressive performance. In the past 24 hours, while major assets like Bitcoin (BTC) and Ethereum (ETH) have struggled to gain momentum, IP has soared over 40%, defying the bearish market trend. Story Protocol (IP) Current Prie Momentum With significant upside momentum, IP is currently trading near $3.73. Meanwhile, traders and investors have shown strong participation, resulting in a 63% surge in trading volume. Not only has IP outperformed major assets, but it has also secured a spot among the top 10 crypto AI tokens by replacing Virtual Protocol (VIRTUAL). However, the potential reason for this rally is yet unknown, but experts hint that continuous accumulation by whales might be the driving factor. IP Price Action and Upcoming Level According to expert technical analysis, IP appears bullish as the Average Directional Index (ADX) stands at 61, indicating strong bullish momentum. This suggests that the rally may continue further until it reaches the $4 mark. $4.67 Million Worth of IP Outflow Looking at the bullish outlook, investors have been accumulating the token, as reported by the on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of a significant $4.67 million worth of IP tokens, indicating potential accumulation by whales and investors. Such outflows from exchanges can create buying pressure and drive further upside momentum.

The post $PI Network Mainnet Launch Today – Pi Coin Price To Crash After The Launch appeared first on Coinpedia Fintech News After seven years of development, Tap To Earn Pi Network is finally set to launch its mainnet today at 8 AM UTC. However, fear is growing as Pi Coin has already plunged 55%, now trading around $30. This sudden drop has fueled speculation that the mainnet launch could lead to further bigger drop ahead. Profit-Taking Opportunity for Early Miners One of the biggest risks for Pi coin comes from early miners. These miners have accumulated Pi tokens at little to no cost, and are likely to view the mainnet launch as their first real opportunity to monetize their holdings. For these individuals, selling a portion of their tokens could be a strategic move to lock in profits, especially if they believe the initial market price will be higher due to hype and speculation. If a significant number of early miners decide to sell simultaneously, the market could experience a rapid increase in supply, potentially reducing the demand and this could lead to a sharp price decline. Market Trends and Technical Indicators Following the official announcement of the mainnet launch, the price of the Pi token jumped by almost 90%, climbing from $49 to $92. But this rise didn’t last long, as prices have fallen sharply since then.Meanwhile, technical signs also show that Pi’s price is struggling. The token recently fell below a key support level at $40, which had earlier helped keep the price stable. Additionally, the Relative Strength Index (RSI), which measures whether a token is overbought or oversold, recently entered the overbought zone for Pi. However, it quickly dropped in the last 24 hours. In the past, tokens that hit this zone often saw their prices reverse and fall. This could mean more price drops are coming for Pi. The Airdrop Effect: A Common Trend? History has shown that cryptocurrencies launched through airdrops often experience significant price declines. When tokens are distributed for free or at a low cost, many recipients rush to sell their holdings as soon as trading begins. Pi Network could follow a similar pattern, with an oversupply of tokens hitting the market and driving prices lower. Pi Price Hints Major Lose Ahead As of now PI, I owe you (IOU), price has seen a sharp decline, now trading at $32 after dropping 57% in just 24 hours. This crash happened after the token failed to stay above the $50 support level. With the upcoming mainnet launch, uncertainty is growing, and Pi’s price could face more downward pressure. While it is still holding above $30, breaking below this level might trigger a further drop to $17. If that happens, investors who have been holding Pi in recent weeks could face even bigger losses.

As of February 21, 2025, Pi Coin ($PI ) has experienced significant volatility following its Open Mainnet launch on February 20, 2025. The current price of PI is approximately $0.88, with a 24-hour trading volume of $15.14 million. This represents a sharp decline of about 98.75% in the past 24 hours. The Open Mainnet launch has allowed PI to be traded on major exchanges, including and Bitget. However, the transition has been marked by extreme price fluctuations. Initially, PI traded above $1, but subsequently faced strong selling pressure, leading to a significant price drop. Analysts suggest that if Pi Network gains widespread adoption and real-world utility, its price could surpass $500 by 2030. However, the current market dynamics reflect uncertainty, with the price nearing the $100 mark before the recent decline. It's important to note that PI's market capitalization data is currently unavailable, and the circulating supply has not been reported.