• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Current State of Pi Mainnet Launch and Project Prospects

user avatar

by Giorgi Kostiuk

3 months ago


The Pi Network token maintains significant support despite ongoing mainnet launch delays that continue to impact its price.

Current State of Pi Token and Mainnet Delays

The Pi Coin token price remains at $50, significantly below the November high near $100. The main factor for the price drop is the ongoing delay in the mainnet launch. Initially, developers postponed the KYC verification period from November 31 to December 31, and again to January 31. At that time, over 18 million members completed KYC verification, but only 8 million moved their tokens to the mainnet.

Mainnet Launch Prospects and Expected Changes

According to a statement on January 5, Pi Network developers noted that over 9 million users have migrated their tokens, increasing the chances of reaching the 10 million threshold by January 31. If all goes well, the mainnet launch is expected to happen in Q1 2025, likely in February or March.

Pi Network Price Analysis and Potential Risks

The Pi Network IoU token on the HTX exchange is not affiliated with the official Pi Network project but is considered the closest proxy for the real Pi Coin. Historical data suggests its price raises hopes during mainnet launches and falls when those hopes fade. The chart shows a stabilization at $50, which serves as both a psychological level and the lower side of an ascending trendline since September. Current consolidation around the 50-day moving average may indicate accumulation ahead of a breakout that could potentially drive the price to $100.

The Pi Network mainnet launch presents significant opportunities for the project and its participants, though it also carries the risk of further delays. Successful migration to the mainnet will expand the audience and capabilities of Pi Network.

0

Share

Other news

XRP Price Analysis: Consolidation and Potential Scenarios

The XRP token consolidates between $2.02 and $2.08. Discover current trends and possible scenarios.

user avatarGiorgi Kostiuk

2 minutes ago

RUVI: Blockchain Project at the Intersection of AI and Innovation

RUVI blends AI with blockchain to offer innovations and solutions for real-world challenges.

user avatarGiorgi Kostiuk

2 minutes ago

Trump's New Tariffs: How They Affect the Global Economy

Trump's new tariffs threaten the global economy, causing concern among allies.

user avatarGiorgi Kostiuk

3 minutes ago

HRF Directs 1 Billion Satoshis to Bitcoin Development and Human Rights Protection

HRF distributed 1 billion satoshis among over 20 projects to strengthen Bitcoin infrastructure and protect human rights.

user avatarGiorgi Kostiuk

12 minutes ago

Dynamic Surge in Crypto Fear & Greed Index

Crypto Fear & Greed Index jumps by 10 points, indicating improved sentiment. Find out what this means for the market.

user avatarGiorgi Kostiuk

13 minutes ago

Trump to Announce New Tariffs on Thursday: Details and Impact

Trump to introduce new tariffs. Details to be revealed on Thursday at 4:00 PM ET.

user avatarGiorgi Kostiuk

13 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.