The emergence of Pi Network is causing much discussion in the cryptocurrency industry. With its recent open network stage and a substantial user base, the prospect of the $PI token reaching $10 is a hot topic. Let's delve into $PI's workings, its development, and the factors that could influence its value.
Why Is Pi Network So Popular?
Since its launch in 2019, Pi Network's user base has grown to over 60 million. The network's growth was driven by a referral system, which incentivized users to invite friends in exchange for increased mining rates. This model resonated in Southeast Asia, Africa, and parts of the USA. The app's user-friendly interface has further contributed to its popularity, allowing users to interact with blockchain without extensive knowledge.
Open Network Launch: A Game Changer?
On February 20, 2025, Pi Network officially launched its open network, allowing the $PI token to exit the confines of the app. Over a million KYC-verified users could transfer their coins to the main blockchain. The successful open network launch has paved the way for real trading, with some exchanges like OKX already listing $PI. The question remains if the token can reach the $10 mark.
Factors Influencing the $10 Mark
To reach the $10 mark, a few factors are critical for $PI. Firstly, demand must grow among its 60 million users. While some vendors in the USA and Thailand already accept $PI, broader acceptance could drive demand. Major exchange listings, such as Binance or Coinbase, also play a significant role, potentially bringing new buyers. The development of the ecosystem and controlled coin issuance are also vital for long-term price stability.
Today, $PI continues its journey, currently priced around $1.91, leading to the question of whether $10 is achievable. Achieving this level is possible but not guaranteed. The efforts of the Pi Network community and its engagement with major exchanges could be decisive in shaping the token's future.
