New Delhi, Feb. 21 -- The all-new Pi Coin experienced a volatile ride after hitting the cryptocurrency market this week, becoming the first-ever digital currency that can be mined on a phone. After the digital currency's Open Mainnet launch, which went live on February 20, Pi Coin crashed by a massive 71 per cent in terms of value within the first 24 hours of trade on exchanges.

On February 20, when the Pi Coin was launched, its price touched a remarkable all-time high of $2.10. However, on the same day, it crashed by 71 per cent to hit an all-time low of $0.6152. Users compared the fate with US President Donald Trump's all-new $TRUMP meme coin, which spiked over 300 per cent after its launch only to wipe out nearly $10 billion in market...