The Pi Network (PI) price increased by 20 %to 80 dollars after the listing news by Bybit and Binance. This positive momentum points to a period in which the market awaits with great curiosity before the upcoming Mainnet launch. However, it is a big question mark whether this rise will be permanent and whether Pi’s price can go up even further.
Pi Network Retest $ 80 level
The Pi Network price saw $ 80 with an increase of 20 %on February 16. This ascension was triggered by listed especially in large stock exchanges such as Bybit and Binance. The listing on Binance is generally seen as market approval for digital assets, which increased the interest of Pi.
According to the latest data, Pi’s transaction volume increased by 60 %in 48 hours. This rise took place despite the outlets in other crypto currencies due to the possibility of US inflation data above expectations and the possibility of federal reserve interest rate hikes. However, the main test will begin after Pi Network’s Mainnet launch on February 20. With this transition, the network will reach full functionality and the ecosystem will be completely opened.
Mainnet Launch and Pi Network Price Expectations
Pi Network attracted great attention with the promise of making mining accessible with mobile devices. Traditional mining requires high -cost hardware, while Pi’s mobile application is possible to make mining. This feature managed to attract millions of users, and the pre -launch price was speculatively fluctuated in the IOU market between $ 61 to 70 dollars.
The Mainnet launch will reveal the real value of Pi. The stable course of Iou prices indicates that market expectations occur in this range. However, the market will determine the real value after the launch. With Bitcoin mining becomes an industry that requires major capital, Pi’s easy and free mining model is gathering global interest.
The market focused on post -launch
Antipathy raises market expectations, while Iou prices give clues about the value of the real market. The demand of the demand and ecosystem after the launch will determine the course of the price.
The first investors and those who adopt early closely follow how Pi Network will perform with this turning point.
