Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12450
Markets: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
CoinGape 2025-01-24 11:53:06

Pi Network Price Braces For a Key Catalyst: Time to Buy PI Coin?

Pi Network Price Braces For a Key Catalyst: Time to Buy PI Coin?

Pi Network price rose for two straight days as sense of optimism rose ahead of a key catalyst that will determine its future in 2025. The token, which is seen as a proxy for the Pi project, rose to $44 on Friday, a few points above this week’s low of $38. So, is it safe to buy Pi Coin now? Pi Network Price Rises Ahead of Grace Period Date Pi Coin, which is only listed on HTX, rose as the countdown to the end of the KYC grace period neared. The KYC is a process where the millions of pioneers who joined the network verified their identity. Its goal is to remove bots, which are common in many tap-to-earn networks. The grace period ends on January 31st after being postponed twice in the past few months. Why This Grace Period Matters January 31 will be a key day because it will provide more information about whether the Pi Network mainnet launch will happen. The developers aim that as many pioneers verify their identity as possible. In the last update, over 13 million of them had verified their identity, but only 8 million had migrated their coins to the mainnet. When will the Pi Network mainnet launch happen? The mainnet launch will be an important event because it will allow pioneers to monetize their coins. Some of these users will hold their coins and hope for the price to surge. Others will many of them will likely sell and take a profit. The KYC verification is a key part of the mainnet launch. The other two are a conducive external environment and at least 100 mainnet-ready applications. As such, there is a possibility that the mainnet launch may be delayed since there are fewer than 100 apps. If all goes well, the mainnet launch will happen in Q1 . Pi Network Price Analysis As A Double-Bottom Forms The chart shows that the PI Coin price has risen this week. This rebound happened after crashing to the key support at $38.07. This was a key price because it coincided with the lowest swing in October last year. It could be a sign that it has formed a double-bottom pattern whose neckline is at $91. A double-bottom is a highly popular bullish reversal pattern. Pi Network Price Pi Price Targets Therefore, the value of Pi may rebound if the developers confirm that the grace period will be on January 31 and crash if it is delayed again. A bullish breakout may see it jump to as high as $90 or $100 as it did in November. On the other hand, another delay will see the Pi Network price crash below $36 to the next key support at $30, its lowest level in September last year. The post Pi Network Price Braces For a Key Catalyst: Time to Buy PI Coin? appeared first on CoinGape .

Most Read News



Cryptohopper
Market Cap
24h Vol
55.82%
Bitcoin Share
556
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.