The Pi Network mainnet launch has become the most anticipated event for crypto investors, as it has been held for nearly seven years. After years of delay, the mainnet will finally go live today, February 20, 2025, at 8 AM UTC. After this, the investors could trade, transfer, and use their Pi coin freely, but there’s much more to know and understand. Let’s discuss what is coming next with this milestone.
Pi Network Mainnet Launch Today: What Will Change After This?
Similar to Hamster Kombat and X Empire, Pi Network uses the same tap-to-earn approach. Users earn Pi coins by tapping on the screen and referring their friends. It is among the most anticipated events because of its simplicity and low-effort coin-earning opportunities, attracting millions of users.
The Pi Network mainnet launch is scheduled for February 20 at 8 AM UTC. After this, the coins that were worth nothing will finally gain value and become tradeable in the crypto market. In short, investors can buy, sell, transfer, and use Pi coin for transactions.
More importantly, various popular crypto exchanges and platforms like OKX, Bitget, and others have already announced their listing. However, Binance is due for listing but is conducting a community poll to consider the listing.
Amid this hype, there are also regulatory concerns. Some experts call the Pi a scam or Ponzi scheme, while others question its working model. More importantly, there are concerns over its long-term performance, especially since Hamster Kombat, which had a similar model and hype, failed.
This token launch and its significant price performance will relieve user claims or concerns. Overall, this mainnet launch would bring the network much better clarity and assist in its further developments.
What Will Pi Coin’s Price Performance Be After Launch?
Parallel with mixed reactions to investors’ sentiments on the Pi Network mainnet, the Pi coin price shows similar mixed performance under high volatility. Just a few days ago, the IOU price of this Pi Network hit a high of $200 amid bullish investor sentiments per TradingView.
However, momentum failed over time, and the token crashed significantly. At present, PI (IOU) trades at $30.99 after a 52% drop in the last 24 hours alone, showing high volatility.
As the mainnet launch approaches, market participants might become uncertain about the future price of Pi coins, leading to a sell-off and a price drop, says analysts.
Considering this, three scenarios regarding the Pi Network token’s price after launch can be anticipated. The first is price stability and a potential rally to $120 or higher. However, this will only happen if the strong bullish momentum persists and top exchanges like Binance, Coinbase, and others list the token.
However, the second scenario contrasts with this Pi coin prediction, where the long-term holders’ selling sentiments could change the trajectory. If a mass sell-off happens, the price could decline even further. Some analysts claim that a downtrend to $17 or lower.
The last scenario is based on the equilibrium of buyers and sellers. If this happens, the price can stay stagnant at current levels. Depending on the token’s real-world usage and developments past the Pi Network mainnet, momentum will build over time.
Final Thoughts: Is Pi Network’s Future Bright With Mainnet?
Pi Network is finally launching its mainnet and native token after years of delays. Although this brings optimism to users, its ongoing controversies cannot be ignored. There are mixed opinions from the investors, fueling uncertainty about Pi coin’s future price performance. The Binance listing voting results, due on February 27, could provide more clarity. However, until then, high volatility will likely control the token.
At present, Pi Network is among the industry’s most trending topics, both positively and negatively. Economic Times claims that Pi’s application installation has reached 110 million. On February 17, 540,000 new users joined the network, showing high demand.
If this topic keeps trending in the market and the Pi coin gains significant rallies, the Pi Network’s future could turn bright. Investors must carefully consider trading in this token. More importantly, they must research and build strategies to tackle market volatility.
The post What to Expect from Pi Network Mainnet Launch Today? appeared first on CoinGape.
