How high can Pi Network Price Go If the Mainnet Launches Tomorrow

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How high can Pi Network Price Go If the Mainnet Launches Tomorrow? – Crypto News

Published

1 year ago

January 30, 2025

Dripp

Pi Network price is preparing for big moves as the much-awaited Know Your Customer (KYC) verification process concludes on January 31. So far, the altcoin has moved sideways ahead of this big milestone, but let’s explore how high Pi coin will soar if the Pi Network mainnet launches tomorrow.

The Pi network miners, also known as pioneers, are anticipating the end of the KYC process on Friday, January 31. After multiple delays and deadlines, the developers hint that the mainnet could launch in the first quarter. This involves the network moving from the enclosed mainnet to the Open Network. Although there’s at least a month or two before this happens, let’s explore how high the Pi Network price might go if the mainnet launches tomorrow. What are the implications of this highly anticipated event? Will the Pi coin price hit an ATH?

Pi Coin Price Prediction if Mainnet Launches Tomorrow

The Pi Network price offered by HTX has been a good proxy for the coin since 2022. For example, the coin soared to $100 in October as the KYC grace period deadline neared. It then imploded when the developers postponed the first deadline to December. The odds of another delay explain why the coin has remained in a tight range this week.

The daily chart shows that the Pi Network price was trading at $43 on Thursday, where it has been in the past few days. This price is slightly above the ascending trendline that links the lowest sides since September last year.

The price is also along the lowest point on November 28, December 20, and January 13. It has formed what looks like a double-bottom pattern. Also, it has formed a falling wedge pattern, a popular bullish reversal sign.

Therefore, the odds of the Pi Network mainnet launch will likely lead to a God candle that will push it to $100.

On the other hand, If the value of Pi drops below the ascending trendline at $37.8 will invalidate the bullish view. A key catalyst for this is if the mainnet launch is again delayed as has happened many times before.

Key Pi Coin Price Levels to Watch

The key Pi coin price levels to watch will be $100 and $28. A confirmation of when the mainnet launch will happen will validate the falling wedge chart pattern and push the coin higher, with the key point to watch being at $100. The mainnet launch delay will lead to a strong bearish breakdown, potentially to $29, its lowest level in 2024.

Pi Network Mainnet Launch Details

As noted above, the mainnet could go live in the first quarter of 2025, which means another month or two to go. Pi Network has likely achieved two of the three conditions needed for the mainnet launch to happen. Chances are 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.

This leaves one condition yet to be met: mainnet-ready apps. The condition was that Pi needed at least 100 mainnet-ready applications. There are now about 80 of them, meaning that this condition may not be met. What is unclear is whether this condition alone will prevent the mainnet launch from happening.

Regardless, the price consolidation and squeeze suggest a volatile breakout could be around the corner.

Frequently Asked Questions (FAQs)

There is a high possibility that the Pi Network price will have more gains after the mainnet launch. It has formed a rising wedge and a double-bottom-like pattern on the daily chart, popular bullish patterns.

No. The mainnet launch will not happen on Friday January 31. On this day, the deadline for the KYC verification will end.

Pi Network is a risky coin to buy because it has not been listed by exchanges like Binance yet. In most cases, these tap-to-earn tokens crash after their airdrops.

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