The cryptocurrency world continues to ask: can the Pi token ($PI) reach $10? With the platform recently entering the Open Network stage and a user base surpassing 60 million, this article explores the key aspects and events influencing the token's value.
Pi Network's Rapid Rise
Pi Network has drawn in over 60 million users globally. The referral system, which rewards users by increasing their mining rate when they invite friends, played a major role in this growth. The app's ease of use and the opportunity to earn free coins attracted many new users.
Open Network Launch: A Game Changer?
On February 20, 2025, Pi Network launched the Open Network, allowing users who completed the KYC check to transfer coins to the mainnet. Approximately 188 million PI tokens were distributed in March. Several exchanges, including OKX, have listed PI, and its price ranges between $1.60 and $1.90.
Factors to Reach $10
For PI to reach $10, demand must increase and listings on major exchanges like Binance or Coinbase are crucial. Developing the ecosystem through decentralized applications can also boost demand. The circulating supply is a significant factor, with over 7 billion tokens out of the maximum 100 billion.
Currently, the PI token trades at around $1.91. Achieving the $10 mark requires a substantial increase in market capitalization. While there is optimism within the community, reaching this goal will take time and the fulfillment of several conditions.
