Pi Network Mainnet Launch and PI Coin Price Prediction

Bittime - Pi Network, a project known for its mobile-based mining model, will soon launch the Pi Network mainnet in early 2025. 

How will the launch of the Pi Network mainnet affect Pi Coin? Read this article to find out PI Coin price predictions!

Pi Network Mainnet Launch

One of the main catalysts for PI Coin price movement in Q1 2025 will be the launch of the Pi Network mainnet. After being in the closed mainnet phase for a long time, this network will be opened to the public so that it can be accessed by anyone. 

The launch of the Pi Network mainnet will also allow miners (referred to as pioneers) to convert the tokens they have mined into fiat or continue to store them.

Read Also: Tutorial on Using the Pi Network Mainnet!

Pi Network Mainnet Postponed

Initially, the Pi Network mainnet launch was scheduled for December 2024, but was postponed to Q1 2025. 

This delay aims to give pioneers more time to complete the Know Your Customer (KYC) verification process and migrate Pi Coin to mainnet. 

To date, of the more than 18 million users who have completed KYC, only 8 million have successfully moved Pi Coin. 

Based on the latest information, the mainnet launch is expected to occur in February or March 2025, after a grace period that ends on January 31, 2025.

Pi Network Mainnet: PI Coin Price Prediction

With the hype leading up to the launch of the Pi Network mainnet, many analysts predict that the price of PI Coin could experience a significant spike in Q1 2025. 

A realistic first price target is $100, which is the highest level in November 2024. If this level is successfully broken, the next target is $121, which is the highest level in 2024.

This price increase represents potential profits of 50% to 150% from current price levels. However, this bullish view may become invalid if the PI Coin price falls below the critical support level of $37.21, which is the lowest point on October 16, 2024.

With a potential upside of up to $121 after the launch of the Pi Network mainnet, PI Coin offers a great opportunity for investors who are ready to take the plunge.  

Read Also: Pi Network Price Prediction 2025 After Mainnet Launch!

Pi Network FAQs

What is Pi Network?

Pi Network is a crypto project that allows users to mine tokens directly from their mobile phones. The project is designed to be user-friendly and energy efficient compared to traditional mining methods such as Bitcoin.

How Does the Pi Network Work?

Pi Network uses a consensus model based on the Stellar Consensus Protocol (SCP) so users only need to open the application every day to mine. This activity does not drain the battery or device resources.

Is Mining Pi Network Tokens Free?

Yes, mining Pi Network tokens on the Pi Network app is completely free. However, users need to be active every 24 hours to press the "mine" button and maintain active membership in the network.

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Reference

Coingape, How High Wil Pi Network Price Rise After Mainnet Launch?, accessed January 8, 2025.

Author: IPR