The surge in Bitcoin and various altcoins has not impacted Pi Network, which continues to remain stagnant under the constraints of an enclosed mainnet and no listings.
Enclosed Mainnet and Lack of Utility Stall PI’s Momentum
Pi Network is still operating within an enclosed mainnet, which limits the possibility of public token trading. This results in the tokens being unable to be transferred or seen on block explorers.
Current Structure and Price Dynamics Issues
The current project structure does not support decentralized finance or other active mechanisms, which diminishes investor interest in Pi. Consequently, the token lacks on-chain volume and minimal transaction demand. Technical indicators suggest fading market strength.
Conclusions on Pi Network's Future
Without an open mainnet and significant functionality, Pi's token price is likely to remain unattractive to investors even as cryptocurrencies grow overall. The Pi Core Team suggests that an open mainnet may be launched in 2025, but exact timelines remain ambiguous.
As other cryptocurrencies surge, Pi Network remains in the background. It must launch an open mainnet and add utilities to improve token forecasts.
