Pi Network Price Prediction: Pi Network Witnesses Massive Price Rally Amid Key Mainnet Updates

On January 5, Pi Core Team issued a crucial update, announcing the long-awaited launch of the Open Mainnet in Q1 2025. This announcement sparks optimism among investors and traders and Pi Network price responded accordingly, witnessing a massive price jump post the news.

Then, what is the next for Pi Network? Is it a good investment? Next, let’s take a close look at this innovative crypto project.

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Table of Contents

Pi Network Price Skyrockets Amid Key Mainnet Updates

What is Pi Network?

Pi Network Technical Analysis

Pi Network Price Prediction

Future Outlook for Pi Network

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Pi Network Price Skyrockets Amid Key Mainnet Updates

In an official X post published on Sunday, the Pi Core Team has officially confirmed that the highly anticipated launch of the Open Mainnet, which was previously rescheduled from December 31st, will now take place in the first quarter of 2025. This announcement marks a crucial milestone for the PI Network community, as it promises to vastly elevate the network’s utility by enabling the transfer and utilization of PI coins across diverse platforms. Consequently, this enhanced functionality positions the token to compete more vigorously within the broader cryptocurrency market.

Furthermore, as reported by CNF, the Pi Network has granted an extension to the deadline for Know Your Customer (KYC) verification and Mainnet migration, pushing it back to January 31st, 2025. This extension aims to broaden participation in the network’s growth and address ongoing inclusivity and accessibility concerns.

In response to these announcements, PI’s price witnessed a 6% surge, climbing from a low of $44 on January 4^th to $49 by January 5th. Despite the existing challenges surrounding the KYC process, the market sentiment has shown improvement, with traders responding positively to the updates.

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What is Pi Network?

Cryptocurrency	Pi Network
Token	PI2
Price	$ 49.5840 -1.19%
Rank
Market Cap	$ 0
24H Trading Volume	$ 335.5K
All-time High	$ 299.1990
All-time Low	$ 17.0365
24 High	$ 52.6349
24 Low	$ 49.5627
Cycle High	$ 130.8790 / 2024-03-12 22:55:00
Cycle Low	$ 17.0365 / 2023-05-12 13:05:00
Update Time	2025-01-08 00:44:01

Pi Network, launched in 2019, stands out as a unique combination of a crypto token, mobile application, and multilevel marketing (MLM) strategy. By adopting a mobile-centric approach to cryptocurrency mining, Pi Network is garnering significant attention ahead of its mainnet launch. As a blockchain-based project tailored for mobile usage, Pi Network enables users to mine Pi coins effortlessly by simply tapping a button within the app once a day, contrasting sharply with traditional cryptocurrencies that demand substantial computational power or staking.

The native token of Pi Network is the Pi coin, which users can mine directly within the app and store securely therein. Currently, Pi Network users are unable to transfer, sell, or exchange Pi coins for other cryptocurrencies. However, according to the Pi Network roadmap, these functionalities are anticipated to be introduced in the third phase, coinciding with the launch of the Pi open mainnet.

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Pi Network Technical Analysis

Technical analysis of PI’s price movement indicates the potential for a significant breakout in the upcoming weeks. The daily chart reveals a clearly defined ascending channel, with prices consolidating near a crucial support level at $46.32. This support zone has been tested multiple times, underscoring its significance as an essential price floor.

Momentum indicators suggest a shift towards bullish dominance. The Relative Strength Index (RSI) is trending upward from a neutral territory, currently positioned at $45.44, which reflects increasing buying interest. Concurrently, the Moving Average Convergence Divergence (MACD) histogram exhibits a bullish divergence, characterized by higher lows forming despite recent price consolidation.

Key resistance levels for PI are identified at $57 and $67. A breakout above $67 could validate the onset of a sustained bullish rally, with prices potentially targeting the upper boundary of the ascending channel at $183.79. This would represent an impressive upside of over 260% from current levels, assuming market conditions remain favorable and buyers sustain their momentum.

Pi Network Price Prediction

As of writing the article, PI is traded at $ 49.5840, boasting a market cap of $ 0, and witnessing a hefty 24-hour trading volume of  $ 335.5K. PI Token saw a 24-hour change of -1.19%, with minor fluctuations of -0.66% over the past hour.

The following sets forth the PI to USD Chart

Pi Price

Short-Term Pi Network Price Prediction

The crypto market’s volatility demands a forward-looking approach, allowing investors to anticipate potential price movements and position themselves strategically. Therefore, before deciding whether $PI is a good investment, predicting the future prices of $PI is crucial for investors to make informed decisions.

The following chart sets forth our price prediction for Pi Network in the next half month:

Pi Network Price Prediction 2026 to 2050

To find out how much Pi coin could be worth in a specific year, we’ve included this handy prediction table, which summarizes the potential highs & lows of Pi Network from 2026 to 2050:

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Future Outlook for Pi Network

The impending Open Mainnet launch of the PI Network, coupled with the extended Know Your Customer (KYC) deadline, underscores its commitment to fortifying its presence in the cryptocurrency sphere. Despite ongoing challenges such as user acquisition and technical obstacles, the recent announcements have rejuvenated market excitement.

Assuming the PI Network consistently fulfills its roadmap objectives, the token may witness a notable surge in demand, ultimately leading to price appreciation. Traders and investors are poised to scrutinize the network’s progress towards its 2025 milestones intently, rendering PI one of the more scrutinized assets in the market.

For those who are keen on understanding the evolving dynamics of the PI Network, its performance in the forthcoming months could provide invaluable insights into its potential as a long-term investment.

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