- Pi Network community anticipates the launch of its Open Mainnet in the next few hours.
- The token is expected to reach new price highs fueled by major exchange listings.
As the second day of ConsenSys ensues in Hong Kong, the overall crypto market has shown mild signs of revival. Bitcoin has climbed to the $97K level, after combating its $96,000 resistance this week. Meanwhile, the past 24 hours have kept investors in anticipation as today marks the launch of several projects.
One of the prominent launches that has retained the spotlight is Pi Network. The project’s team has scheduled the Open Mainnet Launch for 8.00 AM UTC on February 20. This has caused quite the market buzz over the last week having been endorsed by multiple top leaders.
Moreover, the Mainnet launch comes after numerous delays and speculations. At the beginning of February, Pi Network announced the launch, however, it once again informed a delay. The team’s X post stated how once the Open Mainnet debuts, investors will be able to make transactions beyond the Pi ecosystem.
Secondly, along with the Mainnet release, the Pi Network token anticipates being listed on top exchanges today. Leading exchange Binance also hosted a community vote regarding the Pi Network listing.
What Price Action Will Pi Network Stage?
The crypto community has resorted to speculating the Pi Network token’s prices in the last few hours. Members anticipating bullish trends expect the cryptocurrency to reach high levels such as $10. Others who expect moderate hikes have set a milestone of $5, while some others keep the bar low at $1.
Previously, the token when it was found available on the market before its present listing saw immense buying activity which resulted in price fluctuations. The Pi Network pioneers have also claimed that the ecosystem’s block is faster than that of Bitcoin. This has further intrigued community members.
It is customary in the digital assets sector to see newly launched tokens hitting numerous highs on the day of launch. On adding the increased market attention, Pi Network’s price surge seems likely as buying pressures might be high.
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