Pi Network announced in December that it had extended the deadline for transition to the open Mainnet by a month, to January 31st. With the deadline just ten days away, much is likely to happen around Pi Coin price momentum. Thousands of Pi IOU coin holders are potentially in for a massive profit rake or a big disappointment.
The Pi Core Team has disassociated itself from the IOU placeholder coin and has not given clues on Pi Coin’s listing price. The January 31st deadline could see the Pi Network have at least 10 million KYC’ed Pioneers on the mainnet. Importantly, it will usher them into the Pi ecosystem’s offerings, such as the Map of Pi, Pi Ad Network, Pi Browser and other utilities.
While the Pi Network is designed to enable easy mining on smartphones, the incentive has not really triggered a strong inflow of Pioneers. For many users, it is unclear how mining Pi Coin on smartphones differs from tap-to-earn tokens like Notcoin, Tapswap and Hamster Kombat. However, evidence of integration of the Pi Network ecosystem with the mainstream finance ecosystem could help Pi Coin to stand out from the pack.
The Trump-fueled crypto cycle tracing back to November 2024 has seen investors incline more towards utility-driven coins. The Pi Core Team has emphasised that their project is built on utility, with a focus on partnerships with institutions and enterprises. Therefore, the Pi Network’s transition to the open mainnet will unveil the extent to which these partnerships could influence Pi Coin price.
What does Pi IOU price tell us about Pi Coin Price?
Pi IOU price has been oscillating wildly, from levels as low as $0.055 in 2019 to $307 in 2022, according to data from aggregation site, Coingecko. In addition, it is up by 50% in the last one year. There is also speculation that the price could be π ($3.145) or its multiple. Also, Pi Coin price could rise significantly thanks to its fixed supply, which makes it deflationary. That could create value for the coin and help drive up the price.
The post Pi Network Nears Open Mainnet Era: What’s in it For Pi Coin Price? appeared first in UK on InvestingCube.