The post Pi Coin Launch Nears: KYC Deadline and Price Predictions appeared first on Coinpedia Fintech News
The Pi Coin Network, known for its “Tap-to-Earn” feature, is quickly approaching a major milestone – the launch of its mainnet. As the countdown to the big event begins, the excitement among its users, called “Pioneers,” is huge.
But with the clock ticking, there’s more at stake than just the launch itself. A critical deadline for KYC verification is fast approaching, and it could be the key to unlocking what’s next for Pi Coin. Read on to find out what is next.
KYC Deadline: January 31, 2025
As the mainnet launch nears, Pi Network’s Know-Your-Customer (KYC) deadline is fast approaching. Developers have set January 31, 2025, as the final day for KYC verification, and no more extensions are expected.
This deadline comes after two previous delays. While over 13 million pioneers have completed verification, only 8 million have transferred their coins to the mainnet. The KYC process will close once at least 10 million users have moved their coins.
Three Key Conditions for Mainnet Launch
KYC verification is just one of three requirements for Pi Network to go live on the mainnet. The second condition is having at least 100 applications ready for the launch. Currently, around 80 applications are available, and the team is working hard to add 20 more before the mainnet goes live.
The third condition, tied to external factors, has already been met, making it clear that the mainnet launch is moving ahead as planned.
Pi Coin Price Movement
Currently, Pi Coin is only listed on HTX and has seen some price movement as the KYC deadline approaches. Despite a 5% drop in the last 24 hours, Pi Coin’s price remains around $42.21, with a market cap of $2.86 billion.
The price chart reveals a “double bottom” pattern, which is often seen as a sign of potential price growth.
If the mainnet launch goes as planned, Pi Coin could rise by as much as 110%, reaching $91.50. However, if there is another delay, the price might drop back to $30, which was the lowest price in September.
Whether Pi Coin sees a surge or a setback, the excitement surrounding its mainnet launch is sure to keep the crypto world buzzing.
