Examine the projected price trajectory of the Pi Network for 2025, following the activation of the blockchain's mainnet wallet, which has sparked speculation regarding a potential listing on Binance.
The Pi Network's price is poised for significant increases after the core team released its first substantial update in almost a month, further fueling speculation about a possible listing on the Binance exchange.
This update, which includes the activation of the mainnet wallet, will allow individuals who have completed KYC requirements to access the blockchain.
Although this development represents a significant milestone for Pi Coin, the price continues to be influenced by bearish trends, experiencing a slight decline of 1.8% over the past 24 hours, currently trading at $0.58.
Pi Network Price Eyes 2025 Gains after Mainnet Wallet Activation
The Pi Network has introduced a new functionality that enables users who have completed the KYC process to activate their mainnet wallet on the blockchain, enhancing accessibility and potentially positively impacting the token's value in 2025.
According to a blog post from the Pi Coin team, this feature will promote transparency, addressing one of the primary concerns raised by the PI community regarding the token's absence from leading exchanges.
Analysts have linked the lack of transparency surrounding PI to the delays in its listing on Binance; however, with this issue nearing resolution, the altcoin may be on the verge of a rebound.
Furthermore, the activation of the mainnet wallet introduces a degree of decentralization, allowing individuals not affiliated with the Pi Network to access the mainnet. The team emphasized,
“This feature largely reduces the steps and time required for non-users to receive Mainnet wallets and interact directly with Pi utilities, which in turn onboards more people into the Pi Mainnet ecosystem sooner.”
The recent update aims to address concerns regarding transparency and decentralization, potentially allowing PI to be listed on exchanges that have previously avoided it due to regulatory issues.
This development could lead to an increase in the price of the Pi Network and significant profits in 2025.
PI Technical Analysis as Rally to $1 Nears
The Pi Network price is poised for a breakout rally, as indicated by a falling wedge pattern on the four-hour chart, suggesting a potential 16% reversal rally that could elevate the altcoin to resistance at $0.71.
Should PI surpass this threshold and rise above $0.80, it would open the path for the next bullish phase towards $1.
The declining ADX line further supports this optimistic forecast for Pi Network's price, indicating that the current downtrend is weakening, thereby facilitating a price recovery.
If the selling pressure that has been driving PI down diminishes, an upward trend is likely to develop.
In conclusion, the price forecast for the Pi Network in 2025 appears optimistic, bolstered by developments such as the recent activation of the mainnet wallet, which could lead to listings on major cryptocurrency exchanges.
In the near future, PI may surpass the resistance at the upper trendline of a descending wedge pattern and target the $1 mark. Upon breaching this significant threshold, a potential rise to all-time highs could be anticipated.
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