Why Pi Network’s Price Might Just Go to the Moon! 🚀💰

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Ah, the Pi Network, a shimmering mirage in the desert of digital currency! As the Know Your Customer (KYC) verification grace period draws to a close, the price of this elusive token is poised for a week of dramatic twists and turns. Will it soar or plummet? Only time will tell, but the suspense is palpable! 😏

The KYC Deadline Approaches Like a Reluctant Train

Currently, the Pi Network (PI) coin, a rare gem found only on HTX, was trading at a tantalizing $43.22 on this fine Sunday, just a whisper above the double-bottom point of $38. A precarious position, indeed! 🎢

According to the wise sages behind the Pi Network, the KYC deadline for our brave pioneers is set to expire on January 31. Fingers crossed that this deadline won’t be postponed yet again—after all, it’s already been delayed twice! 🙄

Why the delays, you ask? Well, while over 13 million pioneers have been verified, only 8 million have managed to transfer their coins to the mainnet. It seems that the KYC verification will only conclude if at least 10 million of these eager beavers have made the leap to the mainnet. Talk about a digital game of leapfrog! 🐸

This KYC verification is no mere formality; it’s one of the three sacred conditions that must be fulfilled before the mainnet launch. The second condition? A minimum of 100 mainnet-ready applications. And the third? Well, let’s just say the external environment is already in tip-top shape! 🌍

In the latest update, the developers revealed that there are currently about 80 apps ready to go, which means 20 more need to join the party before the mainnet can officially launch. The anticipation is thick enough to cut with a knife! 🔪

Should the developers give the green light for the mainnet launch this quarter, brace yourselves for a potential price surge! After all, pioneers who have been mining this coin for over six years are itching to convert their digital treasures into good old fiat currency. 💸

As part of preparing for Open Network in Q1 2025, Pi Network made Mainnet Pi apps accessible through the Ecosystem Interface on the Pi Browser. An initial 20 Pi apps are included, with more apps to come in the future. Pioneers can explore these Mainnet Pi apps, but exercise…

— Pi Network (@PiCoreTeam) December 27, 2024

History has shown us that most tap-to-earn tokens tend to nosedive after their airdrop. Just look at the likes of Hamster Kombat (HMSTR), Catizen (CATI), and DOGS—each has taken a tumble into the abyss of double-digit losses post-airdrop. Ouch! 😬

Pi Network Price Analysis: The Rollercoaster Continues

The daily chart reveals that the Pi coin price took a nosedive to the critical support level of $38 last week. This level is crucial, as it aligns with the lowest point from October of last year. A double-bottom pattern has emerged, with a neckline at $91.50—a classic bullish reversal sign! 📈

Thus, if the developers confirm the mainnet launch date, we could see the Pi Network price leap by over 110%. Remember October? It was a wild ride when the price shot up from $37 to $100 in mere days! 🎉

However, beware! Another extension of the deadline could lead to a dramatic breakdown, potentially dragging the price down to $30—the lowest swing from September. Buckle up, folks! 🎢

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2025-01-26 16:30