Pi Network Cryptocurrency Sustainability: Faces Market Volatility Amid Mainnet Launch Delays

Pi Network’s mining mechanism leverages existing technology, eliminating the need for expensive hardware or massive mining farms. This not only lowers costs but also minimizes the carbon footprint associated with traditional crypto mining. As of February 2025, Pi Network has achieved significant milestones, including over 18 million KYC-verified users and 8 million migrated to its mainnet.

Mainnet Launch Delays and Market Reactions

Despite its progress, Pi Network has faced repeated delays in launching its mainnet. Initially slated for 2022, the launch has been postponed multiple times, with the latest target set for February 28, 2025. The delays are primarily attributed to challenges in the Know-Your-Customer (KYC) verification process, which has left over 40 million users unverified.

These delays have sparked concerns among stakeholders. The Pi Network IOU (a placeholder token traded on some exchanges) has seen significant price fluctuations, dropping to $39 amid market uncertainty. Analysts note that the asset’s trading volume has weakened, reflecting diminished investor confidence.

Market Predictions and Expert Opinions

Despite the setbacks, some analysts remain optimistic about Pi Network’s future. Predictions suggest that the Pi coin could reach $80 by the end of 2025, with long-term projections soaring to $289 by 2030. These forecasts are based on the project’s strong community support and its potential to disrupt the crypto market with its sustainable model.

However, experts caution that the project’s success hinges on its ability to address key challenges. “The gap between KYC-verified users and those migrated to the mainnet is a significant hurdle,” says a crypto analyst from Coinpedia. “If Pi Network can bridge this gap and ensure a smooth mainnet launch, it could become a major player in the crypto space”.

The Road Ahead: Sustainability Meets Market Realities

As Pi Network prepares for its mainnet launch, the crypto community is watching closely. The project’s commitment to sustainability and inclusivity has set it apart, but its ability to navigate market volatility and technical challenges will determine its long-term success.

With over 80 mainnet-ready applications developed and a growing ecosystem of decentralized apps (dApps), Pi Network is poised to make a significant impact. However, the road ahead is fraught with uncertainties, from regulatory hurdles to market competition.

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Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.