India, Feb. 23 -- Pi Coin, the newest cryptocurrency to get listed on multiple crypto exchanges has climbed 80.23% from the previous trading session to hit $1.29 in value, according to Coin Market Cap data.

This comes after Pi Network officially opened to external trading on Thursday, February 20 and it happened after years of anticipation from the coin's investors.

Pi Coin is a cryptocurrency that uses the Web3 ecosystem and allows the registered members of its network to mine coins for free without the energy-intensive methods that other cryptocurrencies use.

Users have to simply open the Pi app and prove their presence by hitting a button once every 24 hour for which, they get awarded small portions of the coin. Referrals to other u...