Countdown to Pi Network’s Mainnet Launch Begins: Will Pi Coin Price Soar

Share This Post

Is Pi Coin the Next Bitcoin? Mainnet Launch To Expected By The End Of Q1!

The post Countdown to Pi Network’s Mainnet Launch Begins: Will Pi Coin Price Soar appeared first on Coinpedia Fintech News

Tap-to-Earn” Pi Coin Network is getting closer to launching its mainnet, and excitement is growing among its users, known as “Pioneers.” With the mainnet launch expected to take place in February or March 2025, the countdown has begun, and so has the rush to redeem mined Pi coins. 

KYC Deadline Approaching

As the Pi Network’s mainnet launch nears, the Know-Your-Customer (KYC) deadline is fast approaching. Pi Network’s developers have set January 31 as the final date for KYC verification, with hopes that no further extensions will be granted. 

This deadline comes after two previous delays, primarily since while over 13 million pioneers were verified, only 8 million had moved their coins to the mainnet. It is expected that the KYC process will close once at least 10 million users have transferred their coins.

Three Key Conditions for Mainnet Launch

KYC verification is one of three conditions that must be met before Pi Network can go live on the mainnet. The second condition is that the network needs at least 100 applications ready for the mainnet. Right now, there are about 80 apps available, so the team is working hard to add 20 more before the launch. 

Meanwhile, the third condition, which is related to external factors, has already been met, making it clear that the launch is moving forward.

Pi Coin Price Movement

Currently, Pi Coin is only listed on HTX and has seen some price movement as the KYC deadline approaches. Despite a 5% drop in the last 24 hours, Pi Coin’s price remains around $42.21, with a market cap of $2.86 billion. 

The price chart shows a pattern called a double bottom, which is often seen as a sign that the price could go up. 

If the mainnet launch goes as planned, Pi Coin could rise by 110%, reaching around $91.50. But, if the launch gets delayed again, the price might drop to $30, which was the lowest price in September.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Cardano Is ‘About To Break Free’ – Breakout Above Crucial Supply To Trigger A Big Move–Analyst

Altcoins and Cardano have been caught in extreme market swings, with high volatility and panic-driven sell-offs dominating price action Since the start of March, ADA has lost over 44% of its value,

Here’s Why Dogecoin And XRP Prices Are Jumping Again

The Dogecoin and XRP prices are jumping again, having witnessed massive declines earlier this week alongside the broader crypto market This price surge occurred due to several factors, including the

Crypto CEO Falls: AML Bitcoin’s Founder Faces 30 Years for Fraud and Laundering

A cryptocurrency CEO has been convicted of wire fraud and money laundering after deceiving investors, raising millions through false claims, and laundering funds for personal luxury purchases AML

Bitcoin Price Above $100,000 Again? Chart Patterns Show What’s Coming Next

Crypto analyst Madden has raised the possibility of the Bitcoin price rallying above $100,000 again, providing a bullish outlook for the flagship crypto His analysis showed what is coming next for

Layer-3s are a necessary innovation in crypto

The following is a guest post from Rob Viglione, CEO at Horizen Labs If we had stopped at dial-up internet, we’d never have gotten Netflix, real-time gaming, or cloud computing The evolution of

Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip?

The post Pi Coin Price Prediction: Is $3 Still Possible After 20% Dip appeared first on Coinpedia Fintech News The price of Pi Network’s token, Pi has recently experienced major selling pressure,