Pi Network is one of the most talked-about projects in the crypto industry. With the recent achievement of the Open Network stage, the $PI token is a topic of discussion among enthusiasts and critics alike. This article examines the functionality of $PI and factors that may influence its value.
Why Did The Pi Network Become Popular
The rise in Pi Network's popularity is impressive. By early 2025, its user base exceeded 60 million worldwide. This rapid growth is attributable to the implementation of a referral system and app usability. The offer of free coins also played a significant role, attracting many users from Southeast Asia, Africa, and the USA.
The Open Network Launch: Changes for $PI
February 20, 2025, marked a significant milestone for Pi Network with the launch of the Open Network. This allowed users who completed the KYC to transfer their coins to the mainnet. A substantial number of coins were distributed to verified users, and trading opportunities expanded with listings on several exchanges, including OKX.
Factors Influencing $PI Value
To reach $10, several factors need to align: increased demand, listings on major exchanges, ecosystem development, and regulated token supply. An increase in users and business support can positively impact the value, yet there is a risk of market saturation which could lower the price.
Despite a large user base and potential, many questions about Pi Network remain unresolved. To reach the $10 mark, further steps are required in network adoption, exchange listings, and building user trust. Time will tell the next direction of the project's development.
