Categories
PI Network Open Mainnet Launch Alert!
PI Network’s highly anticipated Open Mainnet is set to go live on February 20, 2025. This major milestone will transition the network from a closed ecosystem to a fully open platform, paving the way for potential listings on major exchanges and wider adoption. Exciting times ahead for the PI community! The wait is almost over!
With the Open Mainnet launch on the horizon, PI Coin has shown strong bullish momentum, surging in value and nearing the key $100 threshold. Historically, it has been consolidating within a falling wedge pattern—an indicator often signaling an imminent breakout.
PI Network Cryptocurrency: Open Mainnet Launch and Potential Price Surge
The highly anticipated launch of PI Network’s Open Mainnet is set for February 20, 2025, marking a major milestone in its evolution. This transition from a closed ecosystem to an open platform is expected to pave the way for significant exchange listings, with platforms like Binance and OKX reportedly preparing to list PI Coin. As excitement builds within the crypto community, the key question remains: Can PI Coin break past the $100 resistance level and reach new all-time highs?
PI Coin Price Analysis: Can It Surpass the $100 Mark?
As the Open Mainnet launch nears, PI Coin has shown strong bullish momentum, doubling in value and inching closer to the crucial $100 threshold. Historically, the cryptocurrency has been consolidating within a falling wedge pattern— a technical setup that frequently signals an impending breakout. Will PI Coin finally breach this significant resistance level?
The $100 resistance level presents a significant psychological barrier for PI Coin. A decisive breakout above this mark, backed by strong trading volume, could propel the price toward the $120–$150 range or beyond.
Support and Resistance Levels for PI Coin
If PI Coin faces resistance at $100, it may retrace to the $40–$50 support zone, which previously acted as a resistance level. This area could attract strong buying interest, providing a potential accumulation opportunity for investors.
Bullish Breakout Potential
A decisive breakout above the $100 level could trigger a strong upward rally, with PI Coin potentially surging toward $150, $200, or beyond. Factors such as increased liquidity, new exchange listings, and growing adoption could fuel this bullish momentum.
PI Coin Price Prediction: What’s Ahead for 2025 and Beyond?
With the much-anticipated Open Mainnet launch and potential exchange listings, analysts are closely watching PI Coin’s future trajectory. Here’s what to expect in 2025 and beyond:
PI Coin Price Forecast for 2025
🔹 Q1 2025: Following its exchange debut, heightened trading activity could drive volatility, placing PI Coin in the $80–$120 range.
🔹 Mid-2025: If adoption accelerates and the network expands, PI Coin may surge to $150–$200.
🔹 End of 2025: With continued growth, mainstream adoption, and increased utility, PI Coin has the potential to exceed $300, provided market conditions remain favorable.
Long-Term Outlook: 2030 and Beyond
By 2030, if PI Network successfully establishes itself as a global digital currency with practical real-world applications, its value could surpass $500. However, long-term growth hinges on sustained development, regulatory approval, and mass adoption.
Analysts Support Pi Network’s Credibility as Binance Proposes PI Community Vote
Pi Network, a project that has been in development for six years, has sparked debate within the crypto community. Some members feel that such a long development phase raises doubts about the token’s legitimacy, no matter how promising its ecosystem may be. On the other hand, supporters argue that Pi’s innovative approach to mobile mining and global adoption makes it one of the most exciting projects in the crypto space.
Amid the ongoing debate over Pi’s legitimacy, Binance has announced a community vote to determine whether the token should be listed on their exchange. Binance users who wish to participate must be logged into their verified accounts and hold at least $5 in their balance during the voting period. The voting will take place from February 17, 2025, 14:45 UTC to February 27, 2025, 23:59 UTC. Participants can cast a single vote, which will only be counted if posted under the official Binance Square announcement. Daily updates will be shared, though the final results will only be confirmed after non-eligible votes are removed and violations are checked.
Despite criticism of Pi Network’s long development process and absence from exchanges, analysts have come to its defense. Kim Wong, an analyst, argued that Pi is the only crypto network that facilitates “instantaneous cross-border bartering and transactions.” Pi has been distributed in over 200 countries, with more than 100 million registered users, 65 million of whom remain active. Furthermore, 19 million users have completed KYC verification, and approximately 10.5 million users hold Pi in their wallets.
Wong emphasized that Pi Network has been distributing wealth to people worldwide for free, benefiting millions of individuals. Another analyst, known as nanashi_life, responded to criticisms, explaining that Pi’s social mining model was often misunderstood. He clarified that early adopters could earn more, but the issuance decreases over time. Additionally, he defended Pi’s KYC process, stating it was necessary to prevent bots and ensure real human participation. Finally, he argued that Pi’s decision to build its own internal economy before rushing to exchanges was a strategic move that few understood at the time.
However, not everyone is convinced. Prominent crypto trading expert Asif.eth raised doubts, suggesting that Pi’s team only announced the launch of the mainnet, Open Network, on February 20 because they saw how unregulated crime in the crypto industry had become. He called Pi Network a “scam” in the making, pointing out that Pi’s listing on exchanges, including Binance, didn’t guarantee legitimacy. Asif also accused the team of exploiting user data for profit and advised those who received Pi tokens via airdrops to sell them immediately.
Despite the criticism, Pi Network has secured listings on several exchanges, including OKX, Bitget, MEXC, and HTX. Recently, Gate.io also announced its support for Pi trading, further adding to the list of platforms backing the token. To promote engagement, some exchanges have launched events like Bitget’s 150,000 Pi airdrop and Gate.io’s launchpool event, where users can stake their Pi tokens in exchange for GT airdrops. However, it’s important to note that none of these exchanges currently accept customers from the United States, limiting options for US-based traders.
Disclaimer: This is an AI-generated live blog and has not been edited by Localtak staff.
Read Also…… Budget 2025: No Income Tax for Earnings Up to ₹12 Lakh
