As Pi Network nears its KYC date on January 31, 2025, the community is abuzz with speculation regarding Pi Coin's future price. While many expect significant growth, analysts debate whether it will reach $100.
Speculations Around Pi Coin
Currently, Pi Coin is trading at around $44 in the pre-markets of various crypto exchanges, having peaked at $350. However, past experiences, like with Hamster Coin, suggest caution when trusting such pre-markets. Price predictions remain uncertain, but volatility is expected with the mainnet launch anticipated in Q1 2025.
Technical Analysis and Key Levels
Technical analysis reveals a double-bottom pattern and a falling wedge, indicating potential bullish momentum. Should the mainnet launch occur soon, Pi Coin's price could soar. Delays in the KYC period could adversely affect the price, dropping it to $28. Analysts have identified key levels: a bullish trend confirmation could raise the price to $100, while setbacks might lower it.
Preparing for Mainnet Launch
The Pi Core Team reports that two out of three conditions for the mainnet launch have been met: substantial user migration to the main network and favorable external conditions. The first batch of 20 mainnet apps is already live, with more to follow in the first quarter of 2025.
With the 2025 mainnet launch nearing, the level of anticipation and speculation around Pi Coin has grown significantly, drawing the attention of both advocates and analysts.
