The post Pi Coin Price Prediction: Will the Mainnet Launch Trigger a Rally? appeared first on Coinpedia Fintech News
After years of meticulous research and development, the Pi Network team, led by Nicolas Kokkalis, has scheduled the launch date for the mainnet. According to an X post earlier today, the official launch of Open Network will happen on February 20, 2025.
The Pi Network core team has been fine-tuning the mining app for the past six years, thus gaining massive popularity among crypto miners. The use of basic mobile phones to mine Pi coins has attracted more retail investors compared to Bitcoin’s complex mining rigs.
PI Price Defies Bearish Crypto Sentiment
While the total crypto market cap slipped over 4 percent in the past 24 hours to hover around $3.27 trillion at the time of this writing, PI price gained over 66 percent in the same period to trade at about $83.28. Although the PI coins are currently in IOUs, which are non-transferable across exchanges, the hype for the mainnet launch has triggered bullish sentiment.
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According to market data from Binance-backed Coinmarketcap, PI coins have a fully diluted valuation of about $5.5 billion with a total supply of around 68 million. In the last 24 hours, PI coins recorded a net trading volume of about $761k, up over 120 percent.
Cautionary Words
As the mainnet launch of Pi Network approaches, the odds of early holders selling off their tokens as soon as trading kickstarts are extremely high. Moreover, early Pi miners have not vested their holdings for over five years despite the impressive token performance.
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FAQs
Currently, Pi Coin trades at $83.28 in IOU form, but its true value will be determined after the mainnet launch on February 20, 2025.
Yes, Pi Coin has value in IOU markets, trading at $83.28, but its real worth will be set after official exchange listings post-mainnet.
Currently, Pi Coin exists as IOUs on some platforms, but official trading will begin only after the mainnet launch on February 20, 2025.
