Welcome to a new dawn of Pi in the crypto sky. It’s such a blessing to finally see this project moving on to the next phase of their development and upholding their plans to becoming the largest crypto project in the world. Congrats to the Pi Network Team and all of the Pioneers who remained patient throughout the last 3 years awaiting the mainnet launch.
There’s been so much hype, speculation and FUD thrown around in the past 48 hours after the Pi Network team has launched its tokens into the mainstream of the Cryptocurrency world on 2/21/2025. But, more uncertainty shown prior to the launch itself.
It goes without saying that everyone has their opinions of the project and its validity in the development and crypto marketplace, comparing it to other projects we’ve seen over the years. I’ve read about 50 various posts out here since 2/19. Some believers and some not so much a believer in this project. This includes some people stating that the project is a scam or a fraud.
While I’ve been a crypto enthusiast since 2014 and have tried many different airdrop projects, trading exchanges and for crypto claiming opportunities, the Pi Network app has been showing the most consistent behavior from the team since it began in 2018-19.
The reasons I’m going to personally reject the claims on the speculation of the Pi Network project and team being a scam or a fraud are given below. While both terms have basically the same meaning. This project has not shown any signs of deserving such a title.
- They have not asked the community of Pioneers for money at any given time for their participation mining the tokens on the mobile app or desktop software.
- They have not held any public crowd funding to acquire money from the general public to support the operations upheld by the development team.
- While they’ve asked for personal information to support the KYC (know your customer) and KYB (know your business) requirements that the regulators and securities lawmakers demand, it’s not their motive for obtaining such information from the Pioneers as a whole for other reasons.
- Since 2022, the Pi Network team has constantly warned the general public and the closed network community of Pioneers to stay away from other Pi Coin listings prior to the official announcement of the mainnet launch. This occurred when the Pi Coin appeared on exchanges like BitMart, HTX (formerly Huobi), and potentially other smaller exchanges listed the Pi Coin IOU. These coins were never a part of the closed mainnet and any participants involved in attempting to trade the coins were doing so solely at their own risk. Further, the pioneers were warned by the Pi Network team thru posts on the app’s chat and main page platform that if they were found attempting to withdraw or transfer their tokens outside of the closed mainnet prior to the official launch to the open maninnet, they risk forfeiting all of their tokens and their accounts would be banned indefinitely.
- Based on these factors alone, I cannot see where anybody who has followed their specifically guided rules for the best possible outcome interacting with this project and the app for mining tokens can say they’ve lost anything of value doing so.
What’s Next For Pi After The Mainnet Launch???
Based on my technical analysis on the Pi Coin market price and structure at the time of this post. Pi Coin opened the market launch at a price reaching between $1.80~$3.40 per coin, depending on the exchange, within the first hour of trading. It then pulled back to as low as $0.60 cents per coin within the first 9 hours. An initial short 6 hour recovery back to $0.90 cents was observed before returning to retest in the $0.60~$0.62 cents range for the following 12 hours thereafter. Once the next surge began forming around 2/21 2:00pm UTC at a price of $0.66 cents, the price has since gone to as high as $1.70 on 2/22 during the 1pm UTC hour. Currently at the time of this post 2/23 3am UTC, the price is trading steadily around $1.30 (see image below).
There are many other factors to watch over the days ahead for Pi Coin’s performance. I will provide my list of “must watch for” events below:
- Any announcements made about a listing on Binance and Coinbase will move the price upwards in a very volatile manner. Binance held a community vote within their platform to determine if they will potentially list the Pi Coin on their exchange. The voting ends on 2/27/25.
- General crypto market activity might be quite volatile on or around 2/26/25 as there is a U.S. Senate banking committee hearing scheduled for 2:30pm ET to discuss “Exploring Bipartisan Legislative Frameworks for Digital Assets”. Click here to see the article. The outcome of this hearing could affect prices globally in the market.
- Normal continued FOMO and FUD will continue to play a role during Pi Coin’s first several months in the space, as usual. But, market chart analysis usually holds a lot higher standard with trading than the news. Keep you head level and stick with your own research and plans for your trading experience.
- International Pi Day is March 14th. Those who have been in the Pi Community over the years have noticed that this is usually a big event day for the project. Therefore, I’m expecting a possible surge in Pi Coin price now that mainnet has launched ahead of this special day.
My observations of the past and present market activity and news surrounding the Pi Coin listing. I can easily see a possible break in price above the resistance at the $1.30 coming in the days ahead. A breakout above $1.30 has previous resistance shown at $1.46 and $1.91. With other bullish news pending in the near future, prices could exceed the $2.00 mark by mid March. If so, there is no other price action from the past to base the next levels, thus a blue sky breakout would be in play and price discovery is always a fascinating thing to see!!! Stay tuned and enjoy the rides.
Disclaimer: Any of the information in this post or any portion of this website is strictly based on the sharing of my own research, opinions, ideas, market analysis and experiences dealing with the crypto space. This is not any form of investment or trading advice as you should always do your own research and use this post and website for informational purposes only. Thank you for reading. Stay safe and blessed always.
