I'm quite pragmatic and prefer to look at numbers, instead of messages of hatred or delusional dreams.
I've been watching in silence all the frenzy on Binance Square, since #PiCoreTeam announced the open mainnet launching day. But I believe now it's the time for an initial analysis.
Pi coin has a trading volume of around $150M in its first hour of trading (impressive I would say...).
Pi has a Fully Diluted Valuation of $16B. With a circulating supply estimated around 6B, this would give Pi a Market Cap of around $11B (considering its current price).
This places #pi ahead of coins such as AVAX, DOT or SUI in terms of Market Cap.
And the ride has just started... let's keep an eye on it.
My opinion is not influenced by the fact that I've been mining Pi for the last 5 years. it's just based on numbers and it's not financial advice in any way.
Personally, I'm not touching my pi coins for the next 2 years, and I'll watch how the market behaves. I'm expecting extreme volatility on the first days of Pi trading.
Only the developers will make money from this miserable project. They will melt the price with the dump and when they unlock the tokens of those who mined it, it will already be zero.
🚨🔥 _PI NETWORK PRICE SURGES 18.6%: EXPLORING THE MARKET SENTIMENT AND FUTURE PROSPECTS AHEAD OF THE HIGHLY-ANTICIPATED OPEN NETWORK LAUNCH ON FEBRUARY 20, 2025!_ 🚨🔥
As of February 13, 2025, Pi Network's token has witnessed a significant price increase, trading at approximately $61.50, marking an 18.6% surge over the past 24 hours. Despite this recent growth, the price remains substantially below its all-time high of $299.20, recorded in December 2022.
📊 _Market Sentiment: Cautious Optimism_
The Fear & Greed Index currently stands at 46, indicating a cautious market sentiment. This suggests that while there is some optimism among investors, apprehension and uncertainty about Pi Network's future performance persist.
🚀 _Upcoming Open Network Launch: A Game-Changer?_
The community is eagerly anticipating the upcoming Open Network launch on February 20, 2025, which is expected to enhance the network's accessibility and integration with external platforms. Will this launch be the catalyst for Pi Network's price to soar?
🤔 _Investor Advice: Approach with Prudence_
Given the cautious sentiment indicated by the Fear & Greed Index, investors are advised to approach with prudence. While the recent price increase may be attributed to heightened excitement or news within the community, it's essential to remain vigilant and informed.
Are you looking forward to the developments on February 20th? Share your thoughts! 💬 #Write2Earn #BNBChainMeme
You are the ones who feed the farce and you are the ones who will blow up the price 😂
Mbeyaconscious
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🚀 PI Listing Soon? Why I'm Extremely Bullish! 🚀
Speculation is growing that PI Network could list and rally to $2–$4 or more! Here’s why I’m bullish:
🔹 KYC Issues – Many users still stuck in verification. 🔹 Locked Up PI – A huge portion of supply is inaccessible. 🔹 Unverified Balances – Some Pioneers can’t claim full holdings. 🔹 Lost Seed Phrases – Some users lost access forever. 🔹 Inactive Users – Some miners have passed away. 🔹 Limited Selling Knowledge – Many don’t know how or where to sell. 🔹 Locked Tokens – Some PI is locked until 2027. 🔹 No CEX Accounts – Many users aren’t on major exchanges. 🔹 PI Disappearing – Some unclaimed tokens will vanish in 15 days.
With a restricted circulating supply, could PI skyrocket upon listing? Bullish or not? 💭🔥
I am not hyped about Pi, and I don't think it will be a tradeable cryptocurrency with any real value any time soon. Nothing is going to change in that regard come Feb 20. And I would benefit if there was anything to it.
They just have all of our data, and are showing us ads
Poor devils project. Snake oil salesmen. Useless. Binance should ban these posts.
CryptoPotato
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Huge Pi Network (PI) News for All Users: Is the Long-Awaited Moment Here?
TL;DR
The controversial cryptocurrency project promised to introduce the Open Network next week.
OKX and Bitget have announced plans to list the PI/USDT trading pair on launch day, while some have speculated that Binance will also follow suit.
Add This Date to Your Calendar
Pi Network made the headlines by announcing that it will officially transition to the Open Network period of mainnet on February 20. The major milestone (if indeed it sees the light of day) will come nearly six years after the project’s birth.
“The launch of the Open Network brings an important new change – external connectivity – to the layer-1 Pi blockchain, creating an environment where Pi can connect securely with external systems, expanding opportunities for Pioneers and businesses,” the team explained.
The developers further clarified that after the launch, “anyone can technically add nodes to the mainnet blockchain, in terms of running the protocol and connecting to the network.” The Core Team will invite users to transition their nodes from testnet to mainnet via the designated node UI, prioritizing these with strong historical contributions to the ecosystem.
Previously, Pi Network’s team assured that the Open Network would go live once 15 million people passed necessary Know-Your-Customer (KYC) verifications. According to the latest disclosure, 19 million Pioneers have successfully completed the procedures, while 10.14 million have migrated to the mainnet.
The team said users who haven’t passed the verification process can do so even after the Open Network launch and thus engage with Pi applications in the Pi Browser “to support ecosystem development and long-term utility.”
It is important to note that the project claimed there would be no further delays on the announced date. We have yet to see whether that will be the case, considering Pi Network’s habit of enforcing deadline extensions.
What’s Next?
The potential launch of the Open Network is a huge step before the Pi token becomes publicly accessible. In other words, this will allow centralized and decentralized exchanges to list the asset for trading.
Two of the leading platforms – OKX and Bitget – have already indicated their intention to introduce the PI/USDT pair on February 20. Some have speculated that Binance could also follow suit, but the exchange has remained silent on the matter so far.
Currently, the Pi tokens exist but are limited to the project’s Enclosed Network phase.
The post Huge Pi Network (PI) News for All Users: Is the Long-Awaited Moment Here? appeared first on CryptoPotato.
Binance should ban you from here. Stop selling snake oil. Useless project.
Sun_moon_master
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Pi Network Unveiled: Groundbreaking Insights Reshape the Crypto Landscape
LRecent developments have thrust Pi Network into the spotlight, revealing transformative details that could redefine its role in the cryptocurrency arena.
Pi Network as a Stablecoin
Valuation: Each Pi Coin is pegged at $314,159. Supply: The network boasts a total of 100 billion Pi Coins. Collateralization: To ensure unparalleled stability, Pi Coins are over-collateralized at 1.5 times their value with a diversified mix of fiat currencies, cryptocurrencies, commodities, and alternative assets.
Advanced Blockchain Infrastructure
Consensus Mechanism: Utilizes Proof-of-Stake (PoS) with a swift 5-second block time. Capabilities: Supports staking, smart contracts, and on-chain transactions. Security: Employs military-grade measures, including SHA-3, AES-512 encryption, and EdDSA signatures.
Key Features
Transaction Fees: Designed to be minimal, promoting user-friendly interactions. Mining Rewards: Offers convertible rewards to incentivize participation. Governance: Operates a decentralized model with bi-weekly voting cycles, ensuring community involvement. Technology: Incorporates advanced compression techniques and real-time monitoring for optimal performance.
A Comprehensive Financial Ecosystem
Pi Network is emerging as a revolutionary decentralized economy, emphasizing speed, security, and scalability. With its robust infrastructure supporting staking, mining, governance, and more, Pi is poised to make a significant impact in the crypto world.
Looking Ahead
For Pi Network pioneers, the initial Global Consensus Value (GCV) was merely the beginning. The horizon holds even more promising developments. The pressing question remains: Are you prepared for what's next?
Note: The information provided is based on recent updates and is subject to change as the Pi Network evolves. #BNBChainMeme #BinanceAlphaAlert #BinanceSquareFamily #BinanceSquareTalks
Stop this. Pi is worth zero. Amateur project. Do you think you're going to become millionaires off of a useless project that needs to force users to watch cheesy videos to mine?
YFlizi
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Pi Network (PI) Price Prediction and Comprehensive Analysis 🌟
Pi Network emerged in 2019 as a revolutionary project that aims to democratize cryptocurrency mining via smartphones 📱, using the Stellar Consensus Protocol (SCP) algorithm to reduce energy consumption compared to the Proof of Work (PoW) mechanism. Here is an updated analysis based on the latest forecasts and influencing factors:
Have a good week everyone. I've always heard that after the storm comes the calm. You must not despair, take a deep breath and move forward. #MarketPullback $BTC $SOL $ETH
Don't think like a poor sardine, but rather like a rich shark. With this mindset you will never stop being poor or destitute.
juninho k2
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This is only good for stealing money from the humblest workers. They've already taken 460 reais from me since yesterday until now.... the business doesn't go up, it just keeps falling and there's no way you can get it back. It just sinks and when it goes up again, it doesn't go up to get your money back. Then it goes down again and you lose everything.... and to get it to the base, you buy an absurd rate, your money just keeps decreasing and when you go to withdraw it charges another 3.50 here, you just lose... unless you put money here that you have no use for... and leave it there. Even if you lose it, in a couple of years you might earn something.
Words carry the wind. I want to see the executive acts he will sign. I believe that if he does not sign anything regarding digital assets, we could see a bigger correction.
Nohawn
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🚨 Crypto Ignored in Trump Speech🚨
🕒 8:06 PM: Republican lawmakers not mentioned crypto as immediate priority in document. 🕒 8:50 PM: Trump speech ends with no mention of crypto or tariff plans. 🕒 8:57 PM: Inauguration address misses crypto entirely.
Source: Market News Feed
Could this lack of recognition be driving the market down? 🤔 Stay sharp, #CryptoCommunity #TrumpSpeech #MarketDown
Are you worried? I'm not, the capital rotation will happen. What will affect the crypto world the most will be the presidential orders he may sign tomorrow.
Dierri-Investidor
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#Trump Look, in 3 years in this crypto world I've seen a lot of things and many reasons to bring down the market. But this is the first time I've seen the success of a currency negatively affect the market in general. But I understand why, and I know that everything will return to normal, whoever is smart will take advantage. These 13 BI that were allocated to TRUMP plus the more than 20 BI in SOL came from dozens of other cryptos that fell. But when TRUMP starts to fall, all this value will return to its places of origin.
It depends on what you consider thousands. I'm not talking about the tokens you have in your portfolio, as everyone invests in what they want, but I don't see enough to turn them into thousands.
Not sure why SOL is rising? When the TRUMP memecoin frenzy ends, we will see a correction.
Lucas Saad
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Bullish
Solano doesn't stop 🚀🚀 These are days when the currency is on the rise and doesn't stop rising!!! For me, it is the Cryptocurrency that is saving the day because the others are very stable and in the last few days they are not generating as much profit, I wonder how long will $SOL continue to grow?