Despite the significant buzz surrounding the Pi Network project since its launch and the optimistic expectations some have placed on the future of the currency, many users have begun to ask: Why has the price of Pi not risen yet? And what are the reasons delaying its launch in the open market?
In this article, we discuss the main reasons behind this delay and shed light on the current reality of the project.
1. Incomplete launch on the mainnet
As of the writing of this article, the currency has not been fully launched on the open mainnet; it is still in the "closed Mainnet" phase, which means that currency trading is not freely conducted on major platforms, and the traded prices are unofficial or limited to experimental platforms.
2. Lack of liquidity and actual trading
Due to the lack of official listing of Pi on major trading platforms like Binance or Coinbase, the true supply and demand have not yet been tested. This directly affects the absence of an actual market price that can move up or down.
3. Focusing on building before pricing
The Pi Network project promotes itself as a long-term project aimed at building a community and integrated digital economy before considering price or speculation. Therefore, the network is working on developing internal applications and services before allowing full trading.
4. Regulatory and legal concerns
There are still questions regarding the legal regulation of Pi Network in some countries, which may hinder its listing on official trading platforms and make investors hesitant to enter until the legal matters are clarified.
5. The large number of free coins
Since millions of users have received Pi coins for free through mining via the app, a direct listing of the currency may lead to massive sell-offs that negatively affect the price. Therefore, the project management seeks to gradually stabilize the market before the full launch.
The fact that the price of Pi Network has not risen yet does not mean the project has failed; rather, it reflects the stage it is going through in terms of development and internal building. However, the question remains open: Will Pi Network succeed in fulfilling its promises?
Only time will tell, but it is certain that caution and awareness are always required when dealing with any digital project.