Pi Network's price continues to remain low despite the rise of other altcoins. This article examines the reasons behind this situation and forecasts for the future.
Reasons for Pi Network's Low Price
While many altcoins are experiencing price increases, Pi remains stable. This stagnation is rooted in several technical limitations and structural issues. Key reasons include:
* Enclosed Mainnet: The project operates in an enclosed mainnet phase, where PI tokens are non-transferable and not accessible on public block explorers.
* No Official Exchange Listing: Tokens are represented through IOUs but are not available for actual trading.
* Low On-Chain Volume: Pi Network lacks access to exchanges and shows no activity in areas like DeFi or NFTs.
Future Prospects Leading to 2025
The anticipated launch of an open mainnet in 2025 may activate blockchain functionality. The team also hinted at token unlocking mechanisms that may include vesting periods and locking for early miners. For long-term value, Pi needs to develop into a smart contract-enabled layer 1.
Price Prediction for Pi Network in 2025
The current price of Pi Network shows a downward trend and faces significant selling pressure. Forecasts suggest there may be a chance for the price to reach $5 in 2025. However, the current outlook for extending the downward channel hinders further growth.
While Pi Network's price remains under pressure, the launch of the open mainnet could alter this situation. Predictions for 2025 remain cautiously optimistic, depending on the successful execution of planned steps.
