Pi Network's $PI token has sparked significant interest, with discussions about its potential to reach $10 fueled by a new open network launch and a user base exceeding 60 million.
Rapid Rise in Pi Network's Popularity
Pi Network rapidly gained popularity, reaching over 60 million users by early 2025. This growth is largely attributed to its referral system and app usability, especially among users in Southeast Asia, Africa, and parts of the US. The so-called "Pioneers" hope their early involvement pays off significantly.
Open Network Launch: A New Chapter for PI
February 20th, 2025 marked a significant day as the $PI token transitioned to an open network, allowing over a million KYC-verified users to transfer coins to Pi's mainnet. In March, 188 million tokens were distributed with more planned. PI trades on several exchanges, sparking curiosity if the price can increase further.
Factors Affecting $PI's Value Growth
Reaching $10 depends on increased demand, support from major exchanges, and growth in Pi's application ecosystem. Controlling the token supply is crucial: over 7 billion tokens are in circulation from a maximum of 100 billion.
As of March 2025, PI trades around $1.91, and attaining $10 requires a substantial market cap increase. Comparing to other cryptocurrencies like Dogecoin shows potential risks. The Pi community speculates actively, but several conditions must be met for sustainable growth.
