Key Takeaways
- Pi Network has spent years in the making, garnering millions of users from all over the world.
- After six years of development, the Pi team has announced a 20 February listing of the official $PI token.
- The token’s IOUs currently trade between the $50 and $75 price levels.
- Judging by accumulation trends and volatility spikes, the official token could launch somewhere between this range.
- Pi should be treated as a short-term investment, at least until the volatility cools off.
The official launch of the Pi Network token is fast approaching, and investors are hyped.
Over the last few years, the Pi Network’s innovative mobile mining model has gained global attention, leading to significant growth in its user base.
The Pi Network is one of the most anticipated crypto launches in crypto history, and as its official listing date approaches, investors are starting to ask:
What exactly can we expect from its launch on the open market?
What will its price action be like, and what factors might drive its performance? Let’s find out:
Why Is Pi Network So Hyped?
Pi Network is no ordinary cryptocurrency.
It is one of the first platforms to directly target the mining industry by allowing users to access its infrastructure with a simple mobile phone.
This stands in stark contrast to proof-of-work networks (like Bitcoin) that require expensive hardware to run.
Millions of users from all over the world have been mining Pi for years due to its mobile-friendliness, and they are eager to join the growing trend.
The official social media presence alone is massive, with its official Twitter account beating Ethereum’s in terms of follower count.
At the moment, Pi is rapidly closing in on some of the biggest giants like Shiba Inu and Dogecoin.
So far, the Pi Network’s IOU (I Owe You) prices have remained stable at around $61 and $70 in what might turn out to be the biggest crypto launch in modern history.
The network’s open launch has been set for 20 February 2025, and the crypto community is eagerly waiting to see how the market will respond.
Understanding IOU Prices and Market Speculation
Before jumping headlong into price predictions, a few concepts have to be understood.
One of these is IOUs and their role in determining the price of $PI.
IOUs are typically a way to trade a token before they become official.
In Pi Network’s case, its IOU performance has been impressive so far, with stable figures between $61 and $70.
Occasionally, these prices even spike to as high as $100.
What this means is that the market is cautiously optimistic about the launch value of Pi. It also shows that the volatility around Pi is at an all-time high, as it usually is with incoming launches.
Interestingly, 11 February saw the IOU price of Pi surge by as much as 62% in only a few hours.
These developments have sparked debates about where Pi will eventually settle once the token becomes fully tradable.
Launch Price Prediction and What To Expect?
Predicting the price of cryptocurrencies can be challenging at times. This is even truer for yet-to-launch cryptocurrencies.
However, historical trends can be very effective in predicting the future.
Considering how Pi Network has no historical trends as of yet, its IOUs present themselves as the best line of defense against the unknown.
In the Pi Network’s case, there have been consistent spikes in volume between the $59 and $76 price levels.
Not only this, the $57 – $60 zone typically sees investors buy more and more of this token.
This would mean that traders are interested in price levels between $59 and $76.
With this in mind, it is safe to assume that the price of Pi might fall between the $60–$70 range on launch.
In the case of more hype driving demand, however, the price could go even higher.
It is worth mentioning that if the Pi launch turns out to be a “sell the news” event, a crash might result as more and more investors rush to take profits.
Investors must be ready for massive volatility, especially in the short term.
Factors Influencing Pi’s Launch Price
The price action of Pi after launch will depend heavily on the dynamics between supply and demand.
However, several other factors still play a key role in its future.
Some of these include the market hype and community support. If the community continues to support Pi even after launch, it could drive the demand and even help to stabilize prices.
The supply and trading volumes for Pi could also play a key role, especially when related to demand.
The prices could crash if the market is overwhelmed with new tokens. Supply will overshadow demand as more and more investors panic and sell.
On the flip side, if the supply is controlled and trading volumes remain healthy, it could create a more balanced market for Pi.
The ongoing Pi listings on OKX and other exchanges could be a major bullish factor.
The bulls might also benefit if Binance also decides to list the cryptocurrency.
However, concerns over regulation and legitimacy might continue to discourage exchanges from listing the cryptocurrency.
Could a Binance Listing Change Everything?
To begin with, Binance is the largest crypto exchange globally. A listing from this exchange could lead to a massive price surge and attract even more investors.
However, neither Binance nor the Pi team has announced anything of the sort, and a listing might never happen.
With or without a Binance listing, however, Pi could see an average of a 50% pump after listing and could be a very lucrative short-term investment.
This pump could see it hit an average price of $80 this year.
As is the case with many similar projects, the initial excitement will wear off, and the price of the cryptocurrency will cool down.
If Pi continues to engage its users after this event, then its prospects could extend further into the long term.
In the meantime, investors are advised to treat Pi as a short-term investment, at least in the first few days of its launch.
