The Pi Network price has formed a bullish candle and approached the significant $100 resistance level after developers announced the roadmap for the mainnet launch. The Pi coin has surged to its highest level since October and is now trading approximately 140% above its lowest point this month. So, what lies ahead for Pi from 2025 to 2030?
The Upcoming Pi Coin Mainnet Launch
The most significant Pi news was the upcoming mainnet launch, which developers confirmed would occur on February 20th. This is a major event, considering Pi is regarded as one of the most popular cryptocurrency projects on record.
At its peak, Pi Network boasted over 50 million users. However, this number has declined over the years, and according to developers, only about 10.1 million users have migrated their Pi tokens to the mainnet so far. Of these users, 19 million have completed identity verification.
The mainnet launch is the culmination of years of mining and development. Over the past six years, developers have created a mining application that allows users to mint new tokens easily. They also developed a browser that has been downloaded over 100 million times.
Other key components of the Pi ecosystem include Fireside Forum, a social media platform, and an advertising network. Additionally, it has attracted third-party developers who have built over 100 applications to be integrated into the network.
Fundamentally, Pi Network aims to be a better version of Bitcoin by making mining accessible. Unlike Bitcoin, anyone with a smartphone can mine Pi tokens. Pi also aspires to offer lower transaction costs and a robust application ecosystem. As stated in a recent announcement:
"Pioneers should continue with KYC before or after the Open Network launch and migrate to the Mainnet if they haven’t already. They should also engage with Pi apps on the Pi Browser to support ecosystem development and long-term benefits."
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Pi Network’s Launch Price and Market Valuation
Not many details have been disclosed regarding the upcoming Pi Network mainnet launch. However, we can speculate that the initial price might be set at the symbolic Pi unit of 3.14. According to Block Explorer, there are currently over 6,067,740,393 migrated mining rewards and 4,514,791,738 locked mining rewards.
Therefore, if we assume an original price of $3.14, this would imply that Pi Network could achieve a market valuation exceeding $19 billion at launch. This estimate excludes locked mining rewards.
Pi Price Prediction for 2025
The initial days following the Pi Network mainnet launch are expected to be volatile, as many pioneers may look to liquidate their tokens. These users are aware of the risks associated with holding newly launched tokens for extended periods. Notable examples of tokens that declined after their airdrops include Hamster Kombat and Catizen.
Similarly, other auxiliary tokens like Berachain, Wormhole, ZkSync, and Grass experienced significant drops following their airdrop events.
The primary reason for such declines is the lack of initial buyers for these newly minted tokens post-launch. In Pi Network’s case, many pioneers will be eager to exit due to years of mining efforts. Consequently, the Pi coin may face challenges in its early months, as sell orders could outweigh buy orders.
Where Will Pi Be in 2030?
Long-term, the Pi coin price could stage a recovery. If the token begins trading at $3.14, there is a possibility it could surpass $50 by 2030. This optimism stems from its proven track record in decentralization and its status as a highly popular coin.
Moreover, since Pi Network is a US-based token, it is conceivable that the SEC might approve a spot Pi ETF in the coming years.
Thus, while Pi coin may experience an initial dip, a significant rally by 2030 is plausible. This bullish outlook assumes that Bitcoin and other cryptocurrencies will perform well during that period.
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Frequently Asked Questions
What is the Pi Network mainnet launch date?
The Pi Network mainnet launch is scheduled for February 20th, as confirmed by the developers. This event marks the transition from a testnet to a fully operational blockchain.
How many users does Pi Network have?
Pi Network had over 50 million users at its peak. Currently, about 10.1 million users have migrated to the mainnet, with 19 million having completed identity verification.
What is the expected initial price of Pi coin?
The initial price is speculated to be around $3.14, a symbolic figure for Pi. This would give Pi Network a potential market cap of over $19 billion at launch.
Why might the Pi price drop after the mainnet launch?
Many pioneers may sell their tokens immediately after launch due to long holding periods and precedents of post-airdrop declines seen in other tokens like Hamster Kombat and ZkSync.
Can Pi coin reach $50 by 2030?
Yes, if Pi establishes itself as a decentralized and widely adopted cryptocurrency, and if market conditions are favorable, it could potentially reach or exceed $50 by 2030.
Is Pi Network a US-based project?
Yes, Pi Network is US-based, which could facilitate regulatory approvals, such as a spot ETF, in the future.