Pi Network Launches Today: Is This the Next Big Crypto Breakout? Check Price Predictions & Market Outlook

After years of waiting, Pi Network has finally opened its doors to external trading. The Open Mainnet will go operational on February 20, 2025, at 08:00 AM UTC, marking the end of the Enclosed Mainnet phase, which began in December 2021. This development will enable Pi Coin to be traded on major exchanges, marking a watershed moment for millions of users worldwide.

Exchanges Prepare for Pi Coin Listings

Several centralized exchanges have confirmed their support for Pi Coin. OKX, Bitget, Bitrue, HTX, and BitMart will list the token at launch. Bitget has also launched a $60,000 Pi airdrop pool for qualified users, which will run until March 3. "Based on their engagement and exchange activities, different amounts of PI coins will be airdropped to users," Bitget told me.

While these promos are exciting, Binance has adopted a different strategy. The exchange is holding a rare community poll to determine whether Pi Network should be listed, with results coming on February 27th.

However, not all exchanges have embraced Pi. HTX has delisted Pi Network's IoU (I owe You) token, resulting in a price reduction of more than 50%. Traders used this IoU token to speculate on the value of Pi before its official introduction.

Rising Interest and Record-Breaking Growth

Public interest in the Pi Network has skyrocketed ahead of the main net launch. Google Trends data shows that searches for "Pi Network" have reached their highest potential value of 100, up from 26 in March 2024.

The initiative has also experienced an increase in app downloads. Pi Network has over 110 million installations, with an average of 110,000 new downloads daily. On February 17th, more than 540,000 new members joined the network. Currently, the app is ranked fourth in the Social category in the Google Play Store, trailing only Facebook and Instagram.

Pi Network has more social media followers than big blockchain networks like Ethereum and BNB Chain. Crypto researcher Kim H Wong stated that "Pi Network is quickly becoming one of the most discussed blockchain projects among top cryptocurrencies."

Price Speculation: How Much Will Pi Coin Be Worth?

As Pi Coin prepares for public trade, its future worth is hotly contested. Current IoU trading implies a price range of $61 to $70. However, estimations differ, with some putting it at $331.40 by March 2025.

Some extreme projections have it anywhere between $1 and $314,159—the numerical value of Pi. However, market demand and trading volume will eventually determine the actual price.

Analysts believe that if Pi Coin breaks through the psychological obstacle of $100, it might soar to $120-$150. If rejected at this stage, it will most certainly fall back to the $40-$50 range before continuing upward.

Challenges and Future Prospects

Despite the enthusiasm, the Pi Network still confronts significant obstacles. Regulatory approval and compliance will be vital to establishing credibility in the larger cryptocurrency industry. A listing on Binance might provide the liquidity required to improve prices, although the exchange has yet to confirm any intentions.

Furthermore, the transition to a decentralized blockchain must be completed seamlessly. If successful, Pi Coin might garner widespread adoption and become a major player in the cryptocurrency sector. However, if technological or regulatory challenges arise, its progress may stagnate.

As the launch date approaches, Pi Network finds itself at a crossroads. Whether it becomes a game changer or falls into obscurity will be determined by how successfully it handles the shift to the free market.