Launch of Pi Network Mainnet: Is a $1,000 Price Point Possible for Pi Crypto?
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Launch of Pi Network Mainnet: Is a $1,000 Price Point Possible for Pi Crypto?

The Pi Network has officially launched its mainnet, bringing excitement for potential price increases in the Pi cryptocurrency.

After much anticipation, the Pi Network has launched its mainnet at 8 AM UTC today. This event marks a significant milestone for the project, which encourages users to mine tokens as part of its goal to utilize blockchain technology in real-world applications, particularly in payments. The opening of the mainnet concludes the Enclosed Mainnet phase that started in December 2021.

Users can now transfer their PI tokens and exchange them on leading platforms such as OKX. Vendors within the Pi Network are also preparing to broaden their application availability globally.

Will the PI Crypto Uptrend Continue? Time For $1,000?

Last week, with the announcement of the mainnet launch, the price of PI surged to $100 before adjusting slightly downward. As market momentum continues, PI IoU tokens have traded at prices ranging from $25 to $80 across various exchanges. Despite being down 88% from its peak of $307 in December 2022, there is optimism that PI could reach a remarkable $1,000 in the years ahead.

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The future potential for an increase in PI’s value depends heavily on the adoption rates and whether the project can meet the expectations of its users. The developers aim to establish a decentralized economic system where the PI token plays a vital role in transactions as well as powering applications and services across the network. Those interested in utilizing the mainnet need to complete a know-your-customer verification by February 28, 2025.

Wall Street Pepe (WEPE) Takes Off After Launch

Amidst the buzz surrounding the Pi Network, another cryptocurrency, Wall Street Pepe (WEPE), has gained spotlight after its successful launch. WEPE raised $73 million in its presale and began trading on Uniswap, attracting interest from investors. Although it faced initial price fluctuations, WEPE has rebounded and is now being actively traded.

The market is watching WEPE closely, with some analysts predicting its potential market cap could surpass $500 million, especially once it gets listed on major exchanges like Binance and MEXC. The growing interest is further highlighted by more than 65,000 holders of WEPE as of this week.

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