PieVerse Token Officially Launches: See Live PIEVERSE Price and Trading Details

30 December 2024 | 12:25 PM

Key Highlights:

• Pi Network's price has shown sideways movement, indicating potential accumulation.
• Developers are targeting a mainnet launch in the first quarter of 2025.
• Pi Coin’s price could rally to the 2024 high of $121 following the launch.

The Pi Network’s price has remained relatively stable in recent weeks, mirroring the performance of major cryptocurrencies such as Bitcoin and Ethereum. While this sideways movement may appear uneventful, it could signify a period of accumulation as the network approaches its highly anticipated mainnet launch, expected in the first quarter of 2025.

What is the Pi Network Mainnet?

The mainnet launch is a critical milestone for the Pi Network and its community of millions of pioneers. Transitioning from an enclosed mainnet to a fully public blockchain will open new possibilities, allowing broader access to the network and enabling token holders to either convert their holdings into fiat currency or retain them as a long-term investment.

Initially planned for December 2024, the mainnet launch has been postponed by the Pi Core Team to early 2025. The delay aims to ensure that more pioneers have the opportunity to complete their Know Your Customer (KYC) verification and migrate their tokens to the mainnet.

Out of over 18 million users who have completed KYC, only 8 million have successfully migrated their tokens. The Pi Core Team believes that launching the mainnet without achieving a higher migration rate would be inequitable to a large portion of its community. To address this, the team has extended the grace period for migration until 31 January 2025.

When Will the Mainnet Launch?

While no fixed date has been announced, the mainnet launch is expected to occur in February or March 2025, following the close of the KYC and migration grace period. This timeline reflects the developers’ commitment to a well-prepared and inclusive launch.

Price Analysis: Is Pi Coin Poised for Gains?

Technical analysis suggests that Pi Coin’s price could be preparing for an upward move, potentially revisiting its 2024 high of $121. The current phase of consolidation may represent a buildup of momentum before a significant breakout.

The Pi Network’s growing ecosystem further supports this optimistic outlook. The Pi Browser, which hosts decentralized applications (dApps), has seen steady development, reflecting the Core Team’s dedication to creating a robust infrastructure.

What Does the Mainnet Mean for Pioneers?

The mainnet launch represents a transformative moment for pioneers, offering them unprecedented opportunities within the ecosystem. Token holders will be able to access the full capabilities of the Pi Network, including engaging with dApps, conducting transactions, and leveraging their tokens in new financial ecosystems.

For those who choose to convert their tokens into fiat, the launch could provide immediate monetary benefits. Meanwhile, those who retain their tokens may find greater value in the future as the network expands and gains wider adoption.

Challenges and Opportunities Ahead

The delay in the mainnet launch underscores the challenges faced by the Pi Network in achieving its ambitious goals. Despite completing KYC, a significant portion of the community has yet to migrate their tokens, raising questions about adoption and readiness.

However, the extension of the grace period reflects the Core Team’s commitment to inclusivity. By ensuring that as many pioneers as possible are onboarded before the launch, the team is setting the stage for a stronger and more unified ecosystem.

The Road Ahead: Hopes for a Breakthrough

As the Pi Network approaches its mainnet launch, anticipation continues to build. While delays may have tempered expectations in the short term, the community remains optimistic about the long-term prospects of the network.

The mainnet launch has the potential to be a watershed moment, not only for Pi Coin’s price but also for the broader adoption of the Pi Network. With its focus on decentralization, accessibility, and community-driven growth, Pi Network could carve out a unique position in the ever-evolving cryptocurrency landscape.

🚨Breaking: How High Wil Pi Network Price Rise After Mainnet Launch?
Explore whether the Pi Network price will rebound after the mainnet launch happens possibly in the first quarter of next year

30 Dec, 2024 | 12:25:05 PM

Highlights
•Pi Network price has moved sideways,… pic.twitter.com/0KlTf0dHx7

— Mr Spock 𝛑 (@MrSpockApe) December 30, 2024

Source: X

Those who haven't mined Pi Coin, download it now

https://minepi.com/H002xli

Invite Code: H002xli  

HokaNews Launches New Telegram Channel for Latest Airdrops

HokaNews has officially launched its new Telegram channel, HokaNews Airdrop, designed to provide the latest updates on airdrops and collaborative earning opportunities. The channel aims to keep the community informed and engaged without charging any fees.

It is important to note that HokaNews does not solicit payments for airdrop information or access. The only official channel for HokaNews is named HokaNews Airdrop, accessible via the following link: https://t.me/hokanewsAirdrop. Any claims of payment requests from individuals purporting to represent HokaNews are fraudulent.

Want to talk to our team, log in from here 👇

https://t.me/hokanewsAirdropChat

Join us on HokaNews Airdrop to stay updated with the latest airdrop news and participate in opportunities at no cost.

 

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:

The articles published on hokaNews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.

hokaNews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.

 

 

 

 

Related Posts