Recently, the question of whether the Pi Network $PI token can reach $10 has been on everyone's lips. This question is especially relevant following the recent launch of the Open Network and the significant increase in the user base to 60 million.
Reasons for Pi Network's Rapid Popularity
By the start of 2025, Pi Network's user base exceeded 60 million worldwide. This growth can be attributed to several factors. First, the referral system: users are incentivized to invite friends, thereby increasing their mining rate. Secondly, the promise of free coins attracted many users. Finally, the app's simplicity helped foster a community of 'Pioneers' hoping their efforts would translate into meaningful rewards.
Open Network Launch: Its Impact on $PI
On February 20, 2025, the Open Network for Pi Network launched, paving the way for real trading of the $PI token. Following the launch, users completing the KYC process began transferring their coins to the mainnet. Trading in March showed that the token's price fluctuated from $1.60 to $1.90. Now the question remains, can $PI rise even higher?
Factors That Could Drive $PI to $10
For $PI to reach $10, there needs to be demand growth. A certain percentage of the 60 million users may hold or spend their coins, supporting the price. If major exchanges like Binance or Coinbase list $PI, it could also attract new buyers. The ecosystem's development and the creation of popular dApps based on Pi Network could increase demand. Finally, managing supply correctly is crucial to avoid market oversaturation.
As of March 2025, the $PI price stands at around $1.91 with a market capitalization of $13.4 billion. To reach $10, a market cap growth to $70 billion is needed. Although possible, uncertainties remain. The Pi community is active and optimistic, yet real-world application and support from major exchanges are necessary for further success. For now, it's a waiting game to see what unfolds.
