Pi Network Launch Today
Pi Network transitioned from its Enclosed Mainnet phase, which began in December 2021, to an Open Mainnet, allowing Pi Coin to be traded on major cryptocurrency exchanges.
Exchange Listings and Market Reception
Several centralized exchanges have announced support for Pi Coin. OKX, Bitget, Bitrue, HTX, and BitMart have confirmed listings at launch. Bitget is offering a $60,000 Pi airdrop pool for eligible users until March 3, while BitMart has a $3,000 USDT Pi giveaway for 300 selected users.
Binance is conducting a community vote to decide on listing Pi Network, with results expected on February 27. However, HTX recently delisted Pi Network’s IOU token, leading to a price drop of over 50%.Surging Interest and Growth
Public interest in Pi Network has significantly increased ahead of the mainnet launch. Google Trends data shows that searches for "Pi Network" have reached peak popularity. The project has surpassed 110 million app installations, with an average of 110,000 new downloads per day. On February 17 alone, over 540,000 new users joined the network. Currently, the app ranks #4 in the Social category on the Google Play Store, following Facebook and Instagram. On social media, Pi Network has outpaced major blockchain networks, including Ethereum and BNB Chain, in follower count.
Price Speculation and Projections
As Pi Coin enters open trading, its potential value is a topic of debate. Current IOU trading suggests a price range of $61–$70. Some projections estimate it could reach $331.40 by March 2025. Analysts note that surpassing the psychological resistance of $100 could lead to a rise to $120–$150, while rejection at this level might result in a fallback to the $40–$50 range before another upward movement.
Challenges and Future Prospects
Despite the enthusiasm, Pi Network faces challenges. Regulatory approval and compliance are critical for legitimacy in the broader crypto market. A listing on Binance could provide the liquidity needed to boost prices, but the exchange has not yet confirmed any plans. Additionally, the transition to a decentralized blockchain must be executed seamlessly. If successful, Pi Coin could gain broader adoption and become a significant player in the crypto industry. However, technical or regulatory obstacles could impede its momentum.
As Pi Network embarks on this new chapter, its future will depend on navigating these challenges and capitalizing on the opportunities presented by the open market.
Reference from:-https://economictimes.indiatimes.com/news/international/global-trends/pi-network-launch-today-could-this-be-the-next-big-thing-in-crypto-check-price-range-and-projections/articleshow/118403557.cms?from=mdr