Pi Network Coin has announced an extension of the KYC process and a delay in the mainnet launch until February 28, 2025. This decision comes a day before the scheduled mainnet launch.
New KYC Deadline: February 28, 2025
The Pi Network team stated that the extension for identity verification and mainnet transition was made to provide greater access for users. This additional time allows all users to migrate to the mainnet without losing their Pi Coins.
Pi Coin Price Rises
Investors reacted positively to the unexpected extension, with the price of Pi Coin increasing nearly 10%, approaching $50. Market valuation reached $3.38 billion.
Impact on Investors and Projections
The approaching mainnet launch attracts attention to Pi Coin's price movements. If the mainnet launches in Q1 2025, experts predict the price could rise to $100. However, a potential delay could cause a price drop to $28.
Investors should closely monitor developments, especially since those not completing the KYC process will lose their coins. The upcoming mainnet launch period is expected to see significant price volatility.
