With the mainnet launch of the (Pi Network) project approaching on February 20, speculation within the cryptocurrency community is increasing about the potential trajectory of the currency price. After years of mobile mining in a test environment (Testnet), the question today is: Will the value of (Pi) rise after the launch, or will it collapse under the pressure of speculation and weak liquidity?

Overview of the (Pi Network) project

The (Pi Network) project was founded with the goal of enabling ordinary users to mine cryptocurrencies through their smartphones. It has attracted over 35 million users who have mined (Pi) currency via a dedicated app. However, so far, the currency has not been listed on any public trading platform and has only been available within a closed environment.

With the official launch date set and rumors escalating about the listing of the currency on platforms like (Bitget), (OKX), and (MEXC), investors are bracing for sharp price fluctuations. The listing of the currency for public trading could be a historic opportunity for early users or a significant disappointment.

(https://www.ccn.com/analysis/crypto/pi-network-long-awaited-mainnet-pi-coin-surge/)

Positive (optimistic) perspective

Supporters believe that the scarcity of the currency and the size of the user community, along with the anticipated listing on exchanges, are factors that could lead to increased demand. Many users have held (Pi) coins for years without being able to benefit financially from them, and they now hope that the listing will yield real gains, especially if trading begins at a high opening price.

According to a post by the (Gate.io) platform, the main strengths of the (Pi) project lie in its active ecosystem and huge community size, which could give it a strong boost when entering the open market.
(https://www.gate.io/post/status/9175376)

Potential challenges and risks

On the other hand, pessimists warn of several factors that could negatively impact the currency price. Firstly, the current valuation of the currency is based on speculation and does not rely on real market data, given the lack of prior actual trading. Additionally, the desire of a large number of users to sell the currency immediately upon listing could lead to a sharp price drop due to selling pressure.

Liquidity remains one of the main challenges. If market support mechanisms or sufficient incentives from trading platforms are not available, the currency may suffer from a lack of demand, resulting in stagnation or a decline in price. Furthermore, the legal and regulatory status of the project remains unclear, which may affect its chances of being listed on major exchanges.

Trading (Pi IOU) as a preliminary indicator

Some platforms like (Binance) are offering trading of tokens derived from (Pi) known as (IOUs), which are tools that track a hypothetical value of the currency before its actual launch. Trading data indicates sharp fluctuations ranging between $10 and $40 during some periods. However, these values do not necessarily represent the true price at launch.
(https://www.binance.com/en/price/pi-iou)

Summary: High-risk opportunity

The launch of the mainnet for the (Pi) currency is a pivotal event that could yield tangible returns for early users. However, in the absence of a reliable trading history and ambiguity in the pricing mechanism, the currency remains a high-risk investment. Therefore, investors are advised to exercise caution, follow official announcements from platforms, and avoid making decisions driven solely by enthusiasm.

Whether the price of (Pi) rises or falls after the launch, the experience will provide important lessons on building digital communities and adopting mobile mining technologies.