Recent days have seen important developments regarding Pi Network, impacting both users and the future of the cryptocurrency. In this article, we discuss the most significant ones.
End of the Grace Period
Pi Network users were required to complete the KYC procedure by March 14 and migrate to the mainnet. This date, known as the Grace Period, was not extended, meaning that those who did not comply risked losing most of their mined PI tokens. Additionally, it was announced that some participants need to complete two-factor authentication (2FA) via a trusted email for a successful migration to the mainnet blockchain.
Adoption on Cryptocurrency Exchanges
The list of cryptocurrency exchanges offering trading services with Pi Network’s native token continues to grow. Recently, the Hong Kong-based exchange CoinEx joined, adding the PI/USDT pair. Other well-known platforms supporting the asset include Bitget, OKX, Gate.io, and MEXC. Many in the crypto community hope that Binance will also embrace this asset soon.
Pi Network Price Predictions
PI's price briefly surged to $1.80 on launch day but then crashed to $0.65. However, towards the end of last month, the bulls managed to push the price to a new all-time high of almost $3 before it started to decline. It currently trades at around $1.15, representing a 42% decline over a two-week period. Despite the bearish trend, many analysts remain optimistic about a future price increase.
Pi Network continues to capture the crypto community's attention with its rapid changes and potential growth. The end of the grace period, increased exchange adoption, and uncertain price direction make Pi Network a hot topic for discussion in the crypto world.
