What Happens to Pi Network Price If the Mainnet Launches Tomorrow? You Won’t Believe It!

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Well now, gather ’round, folks, for we find ourselves in a curious predicament! The Pi Network price is all a-quiver, preparing for a grand leap, as the much-anticipated Know Your Customer (KYC) verification process has been postponed to the distant shores of February 28, 2025. It seems our dear altcoin has been taking a leisurely stroll, meandering sideways like a cat on a hot tin roof, just waiting for this monumental milestone to arrive. So, let us ponder how high the Pi coin might soar if, by some miracle, the Pi Network mainnet decides to launch tomorrow! 🚀

Now, the announcement of this Grace Period Deadline has been quite the spectacle:

“This change provides additional time for Pioneers to complete KYC verification and Mainnet migration, helping more members secure their Pi and contribute to the growing ecosystem.”

Our intrepid Pi network miners, or as they like to call themselves, pioneers, were all set to pop the champagne corks at the end of the KYC process on Friday, January 31. But lo and behold, another delay has come knocking at their door! The new announcement states,

“Note that the Grace Period is independent of Open Network timing. It is possible for Open Network to launch before or after the Grace Period ends, and the Grace Period rules will remain the same regardless.”

Now, the developers have been whispering sweet nothings about the mainnet possibly launching in the first quarter. This would mean a grand transition from the enclosed mainnet to the Open Network. But alas, we still have a month or two to twiddle our thumbs before that happens. So, let’s take a gander at how high the Pi Network price might leap if the mainnet were to launch tomorrow. Will it reach the fabled heights of an ATH? 🤔

Pi Coin Price Prediction if Mainnet Launches Tomorrow

Now, the Pi Network price offered by HTX has been a trusty barometer for our coin since 2022. For instance, the coin shot up to a staggering $100 in October, just as the KYC grace period deadline loomed large. But then, like a soufflé in a hot oven, it came crashing down when the developers decided to postpone the first deadline to December. The odds of another delay are as high as a kite, which explains why the coin has been stuck in a tight range this week, like a cat in a box. 🐱

The daily chart reveals that the Pi Network price was trading at $43 on Thursday, where it has been lounging about for the past few days. This price is just a smidge above the ascending trendline that links the lowest points since September of yore.

It also sits along the lowest points of November 28, December 20, and January 13. It has formed what appears to be a double-bottom pattern, and a falling wedge pattern, which is a fancy way of saying it might just be gearing up for a bullish reversal. So, the odds are that the Pi Network mainnet launch could very well lead to a God candle that sends it soaring to $100! 🙌

But hold your horses! If the value of Pi were to tumble below the ascending trendline at $37.8, it would invalidate our rosy outlook. A key catalyst for this would be yet another delay in the mainnet launch, which has become a bit of a tradition at this point.

Key Pi Coin Price Levels to Watch

The key Pi coin price levels to keep an eye on are $100 and $28. A confirmation of when the mainnet launch will happen will validate the falling wedge chart pattern and send the coin higher, with the key point to watch being at $100. But if the mainnet launch is delayed again, we might be looking at a strong bearish breakdown, potentially down to $29, which would be its lowest level in 2024. Yikes! 😱

Pi Network Mainnet Launch Details

As mentioned earlier, the mainnet could go live in the first quarter of 2025, which means we have another month or two to wait. Pi Network has likely ticked off two of the three conditions needed for the mainnet launch to happen. It seems that at least 10 million users have already migrated their coins to the mainnet. In a recent statement, the developers noted that the third condition of external factors was already achieved. 🎉

However, there’s still one condition left to meet: mainnet-ready apps. The requirement was that Pi needed at least 100 mainnet-ready applications. Currently, there are about 80 of them, which means we might be cutting it a bit close. What remains a mystery is whether this condition alone will hold up the mainnet launch. 🤷‍♂️

Regardless, the price consolidation and squeeze suggest that a volatile breakout could be just around the corner. So, keep your eyes peeled, folks! The wild ride is far from over!

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2025-02-01 16:03