As an old investor who has been working in the cryptocurrency circle for many years, the recent developments of Pi coin have attracted widespread attention. As the main network is about to be launched on February 20, 2025, the market performance of Pi coin is highly anticipated. The following is an analysis and forecast of the price trend of Pi coin in the next three days (from February 19 to February 21, 2025) (just a casual chat after dinner, and does not constitute any investment advice).
1. Recent Developments of Pi Coin
Mainnet is coming soon: Pi Network officially announced that the mainnet will be launched on February 20, 2025. So far, more than 10.14 million users have successfully migrated to the mainnet, and more than 19 million users have completed KYC identity verification. The mainnet supports more than 100 applications, laying the foundation for the stability and interactivity of the open network. mirror.xyz
Exchange launch plan: OKX Exchange has opened Pi coin recharge on February 12, 2025, and plans to officially launch Pi coin spot trading at 16:00 (UTC+8) on February 20. This means that users can exchange Pi coins for USDT after the opening. mirror.xyz
2. Market Sentiment and Price Trends
Price fluctuations: According to Coinbase data, as of February 18, 2025, the price of Pi [IOU] is $65.74 per coin, with a 24-hour trading volume of approximately $987,600. It is worth noting that the historical highest price of Pi [IOU] is $330.65, and the current price is about 80.12% lower than the peak. coinbase.com
Social media popularity: On the eve of the mainnet launch, Pi coin's discussion on social media platforms has increased significantly. It is reported that Pi coin's popularity on X (formerly Twitter) has surpassed Ethereum and XRP, becoming one of the top five most watched cryptocurrencies in the world. 2jmtt.com
3. Price forecast for the next three days
Before the mainnet launch (February 19): As the mainnet launch approaches, market expectations and investor sentiment may drive Pi coin prices up. The price is expected to fluctuate between $70 and $80.
Mainnet launch day (February 20): The launch of the mainnet and the official opening of trading on the OKX exchange may trigger sharp market fluctuations. In an optimistic scenario, the price may break through the $100 mark; however, be wary of selling pressure in the early stages of the launch, which may cause the price to fall back to the $60 to $70 range.
After the mainnet is launched (February 21): The market will react to the actual application and transaction situation after the mainnet is launched. If the mainnet runs stably and users actively participate, the price is expected to rise steadily and may fluctuate between $80 and $90. On the contrary, if there are technical problems or user participation is not high, the price may fall back to the $50 to $60 range.
IV. Risk Warning
Technical risks: The mainnet launch may face technical challenges, such as network stability and security, which may affect user confidence and price trends.
Market Risk: The cryptocurrency market is highly volatile, investor sentiment is easily affected by news and market dynamics, and prices may fluctuate drastically.
Regulatory risks: Some countries and regions are cautious or prohibitive towards cryptocurrency transactions, which may affect the global circulation and acceptance of Pi coins.
V. Conclusion
Pi coin is about to usher in the critical moment of mainnet launch and exchange listing, and the market is full of expectations. However, investors should remain rational, fully evaluate the risks in technology, market and regulation, and avoid blindly following the trend. It is recommended to pay attention to the latest news from official channels and mainstream media, and adjust investment strategies in a timely manner.
Disclaimer: The above analysis is for reference only and does not constitute investment advice. The cryptocurrency market is volatile and investment should be cautious.