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Pi Network is on the verge of a major milestone as its long-anticipated Know Your Customer (KYC) verification process comes to an end on January 31. While Pi’s price has remained relatively stable ahead of this crucial development, speculation is mounting over how high its value could soar should the mainnet launch occur tomorrow.

Anticipation Builds as Pi Network Approaches Open Mainnet

Pi Network’s millions of miners, known as pioneers, are eagerly awaiting the completion of the KYC process this Friday, January 31. Following multiple delays and shifting deadlines, developers have suggested that the much-awaited mainnet transition could take place in the first quarter of 2025. This would mark the shift from the current enclosed mainnet to a fully operational Open Network.

Although the launch may still be a month or two away, the question remains: how high could Pi’s price surge if the mainnet were to go live tomorrow? Could the cryptocurrency reach new all-time highs?

Pi Coin Price Forecast: A Surge to $100?

Since 2022, the Pi Network price listed on HTX has served as a useful benchmark for the coin’s performance. Notably, in October, Pi’s price soared to $100 as the initial KYC deadline approached. However, when developers postponed the launch to December, the price plummeted.

Market uncertainty over further delays has kept Pi’s price within a narrow trading range in recent weeks. As of Thursday, Pi was trading at $43, maintaining a steady position along an ascending trendline that has been in place since September. Additionally, the price has been hovering around key support levels seen on November 28, December 20, and January 13.

From a technical analysis standpoint, Pi Network appears to be forming a double-bottom pattern along with a falling wedge—a well-known bullish reversal indicator. If the mainnet launch proceeds as expected, analysts believe a surge towards the $100 mark is a strong possibility.

However, a drop below the critical support level of $37.8 would invalidate this bullish outlook. A major risk factor remains the possibility of yet another delay, which could trigger a sharp decline in Pi’s value.

Key Price Levels to Watch

Traders and investors will be closely monitoring two crucial price levels: $100 and $28. Confirmation of an imminent mainnet launch would validate the bullish wedge pattern, potentially driving the price towards $100. Conversely, a delay in the launch could lead to a significant bearish breakdown, possibly pushing the coin’s price as low as $29—its lowest level in 2024.

Pi Network’s Mainnet Launch: What Comes Next?

As it stands, the Pi Network mainnet is expected to go live in Q1 2025, meaning a potential wait of another month or two. Reports suggest that Pi has already met two of the three core conditions required for the transition:

1. Mass Migration: At least 10 million users have successfully migrated their Pi coins to the mainnet.
2. External Factors: Developers recently confirmed that necessary external conditions have been met.

The only remaining condition is the readiness of mainnet applications. The network had set a target of at least 100 fully operational apps before launching. Currently, around 80 applications have been confirmed, leaving uncertainty over whether this shortfall will delay the process further.

Regardless of the timeline, Pi’s price consolidation suggests that a major breakout—either bullish or bearish—is imminent. All eyes will now be on the developers’ next move and whether Pi Network will finally take the leap into full decentralization.

🚨#BREAKING How high can Pi Network Price Go If the Mainnet Launches Tomorrow?

Highlights
•Pi Network price may surge to $100 if the mainnet launch happens tomorrow.
•The network will end the grace period for the KYC on Friday.
•The developers have hinted that the mainnet… pic.twitter.com/bluOm0EsxA

— Mr Spock 𝛑 (@MrSpockApe) January 30, 2025

Writer @Erlin

Erlin 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.

 

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