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Pi Network’s Open Mainnet: A $264.7 Billion Revolution or Just Hype?

Pi Network’s Open Mainnet sparks both excitement and doubt. Will it rise as a crypto giant or falter under volatility?

The Pi Network (PI), a cryptocurrency project that has garnered significant attention, is making notable strides in the digital currency landscape. On February 20, 2025, Pi Network transitioned to its Open Network phase, marking a pivotal milestone after over six years of development. This progression has been accompanied by the listing of its native token, Pi (PI), on several prominent cryptocurrency exchanges.

Leading exchanges such as OKX, Bitget, and MEXC have announced the inclusion of PI in their trading platforms, offering pairs like PI/USDT. These listings provide the Pi community with increased accessibility and liquidity, facilitating broader participation in the network’s ecosystem. Additionally, Binance, one of the world’s largest cryptocurrency exchanges, initiated a community vote on February 17 to determine potential listing of PI, reflecting the growing interest and demand within the crypto community. 

Market response to these developments has been enthusiastic. The price of PI experienced a significant surge, with reports indicating a rise to approximately $71.45. This upward trajectory underscores the positive sentiment and heightened anticipation surrounding Pi Network’s advancements.

However, it’s essential to approach this momentum with a balanced perspective. Analysts have raised concerns regarding the project’s structure and the experience level of its user base. The rapid expansion and marketing strategies have led to discussions about potential market volatility and regulatory scrutiny. As PI becomes more widely available, the market will be closely monitoring its performance and the project’s adherence to regulatory standards.

Disclaimer: Please note that this is not investment advice. These are just our predictions, and we have no relation to the Pi Network (PI) development team.

Current Price Performance

Pi Network’s native token, PI, is experiencing intense volatility, currently priced at $0.7751, marking a sharp 54.39% decline in the past 24 hours. Just a day ago, PI was trading at nearly double its current value, reaching $1.48, before plummeting as sell pressure mounted.

Despite this steep drop, the token’s market capitalization remains at $4.85 billion, signaling that investor interest is still substantial. The 24-hour trading volume skyrocketed to $1.23 billion, an astonishing 3,461.24% surge, suggesting that the market is in a state of heightened activity—either from panic selling or aggressive accumulation at lower levels.

The extreme price fluctuation highlights the speculative nature of PI, which has yet to stabilize following its recent exchange listings. With a reported 6.31 billion PI in circulation and a total supply of 9.71 billion, the token still has room for expansion. However, its fully diluted valuation (FDV) of $77.51 billion raises questions about its long-term sustainability.

Pi Network (PI) price chart on February 21 (Source: Coinmarketcap )

Community Sentiment

The Pi Network (PI) community is experiencing a mix of excitement and skepticism following the long-anticipated Open Mainnet launch on February 20, 2025. Enthusiasts celebrate this milestone as a game-changer, enabling broader blockchain connectivity and real-world use cases. With over 19 million verified users and 10.14 million Mainnet migrations, supporters highlight Pi’s massive adoption, bolstered by exchange listings on OKX, Bitget, and MEXC, pushing prices briefly past $2 (now around $1.87).

However, skepticism looms. Delays spanning nearly three years have tested patience, with some users decrying “broken promises.” Concerns over transparency persist, with discrepancies in reported user counts and restricted trading fueling doubts. A segment of the community remains frustrated over modest price movements, contrasting earlier sky-high valuation speculations.

Ultimately, Pi Network stands at a crossroads—its ability to deliver real-world utility and sustain momentum will determine whether it cements itself as a revolutionary crypto project or fades amid lingering uncertainties.

Technical Analysis

Pi Network (PI) is currently facing significant downward pressure, trading at $0.7583, marking a 13.68% decline within the last 24 hours. The Relative Strength Index (RSI) sits at 35.16, indicating that PI is approaching oversold territory, suggesting potential exhaustion of selling pressure. However, other technical indicators paint a bearish picture.

Oscillator signals are largely neutral, though key indicators such as Momentum, MACD, and Bull Bear Power indicate strong downward momentum. The Williams Percent Range suggests extreme oversold conditions, yet without strong buying signals, a rebound remains uncertain.

Moving averages overwhelmingly favor a sell, with all major Exponential and Simple Moving Averages signaling bearish continuation. The Ichimoku Base Line at 100.30 remains neutral, indicating a potential support level, but selling sentiment dominates. With trading volume at 2.32M, significantly above the 30-day average of 581.55K, volatility is high. Given these indicators, PI faces short-term downside risk unless buying pressure emerges to counteract bearish momentum.

Pi Network (PI) Price Fluctuation Chart February 21 (Source: Trading View)

Pi Network (PI) Price Prediction

Year Bullish Bearish Average
2025 $350 $24.85 $56.92
2026 $500 $80.90 $111.72
2027 $500 $70 $78.27
2028 $150.28 $40 $62.84
2029 $389.71 $200 $250
2030 $500 $500 $264.70

2025 Predictions

  • Bullish Prediction: The price could soar to as high as $350, driven by increased market liquidity and potential exchange listings. Some forecasts suggest an average price around $163.38.
  • Bearish Prediction: On the lower end, prices may drop to about $24.85 if market conditions are unfavorable. This year is pivotal, as it marks the transition to more mainstream trading.
  • Average Price: Predictions suggest an average price of approximately $56.92, indicating potential volatility throughout the year.

2026 Predictions

  • Bullish Prediction: Optimistic forecasts indicate a price surge up to $500, contingent on broader acceptance in the cryptocurrency market.
  • Bearish Prediction: Conversely, a bearish outlook sees prices stabilizing around $80.90, reflecting cautious investor sentiment amid market fluctuations.
  • Average Price: Expected to hover around $111.72, balancing between bullish and bearish sentiments.

2027 Predictions

  • Bullish Prediction: The price could reach as high as $500, depending on technological advancements and user adoption.
  • Bearish Prediction: A more conservative estimate suggests a minimum price of about $70, indicating potential challenges in maintaining growth momentum.
  • Average Price: Forecasts suggest stability with average prices around $78.27, reflecting a mature market phase.

2028 Predictions

  • Bullish Prediction: Prices may fluctuate between $150.28 at the high end, driven by ongoing ecosystem expansion and innovation.
  • Bearish Prediction: On the downside, predictions suggest a low of about $40, potentially reflecting market corrections after previous highs.
  • Average Price: The average price could be around $62.84, indicating a mixed sentiment in the market.

2029 Predictions

  • Bullish Prediction: Expectations for this year are optimistic, with prices potentially reaching up to $389.71, driven by continued innovation and market acceptance.
  • Bearish Prediction: The lower end sees prices around $200, suggesting a solid base despite fluctuations.
  • Average Price: Average predictions hover around the mid-range, likely near $250, reflecting strong user engagement and market dynamics.

2030 Predictions

  • Bullish Prediction: Long-term forecasts predict that Pi could exceed $500, contingent on sustained technological advancements and user growth.
  • Bearish Prediction: In a less favorable scenario, prices might stabilize around $85.60, indicating ongoing challenges in the crypto landscape.
  • Average Price: An average price prediction suggests around $264.70, reflecting a mature market with established user bases and applications.

Conclusion

Pi Network stands at a crucial turning point as it transitions into its Open Network phase. Exchange listings and growing community engagement have fueled rapid price fluctuations, making PI one of the most talked-about digital assets. While bullish forecasts predict exponential growth—potentially surpassing $500 by 2030—skeptics highlight regulatory uncertainty and concerns over sustainability. The coming years will determine whether Pi becomes a revolutionary financial ecosystem or fades under market pressures. One thing is certain: Pi’s journey will be anything but predictable.

Related news: Injective (INJ) Price Forecast: Will Injective Surge 1,200% or Face a Major Crash?

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