|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Pi Network Sees Progress Amidst Uncertain Timelines
Aug 25, 2024 at 12:56 pm
August has seen Pi Network reporting progress, with over 13 million users completing KYC and 6 million moving to the mainnet. While these figures indicate some forward movement, the lack of a concrete timeline for the open mainnet launch remains a critical concern.
Pi Network has reported over 13 million users completing KYC and 6 million transitioning to the mainnet in August.
Despite these milestones, the network’s open mainnet launch still lacks a clear timeline.
The community anticipates the Sept. 30, 2024, deadline for KYC and migration.
The upcoming PiBridge talk show on August 30 aims to shed light on these issues, adding to the buzz.
However, skepticism persists, driven by the network’s history of delays and ambiguous communication.
Pi Network Progress: August Updates, Mainnet Anticipation, and Skepticism
August has brought updates from Pi Network, with over 13 million users completing KYC and 6 million transitioning to the mainnet.
While these figures indicate some progress, the lack of a concrete timeline for the open mainnet launch remains a critical point of concern.
The Pi Core Team has set Sept. 30, 2024, as the deadline for completing KYC and migrating to the mainnet, urging users to act within this Grace Period.
However, the team has not provided a specific launch date, leaving many in the community questioning when—or if—the open mainnet will truly materialize.
Meanwhile, the PiBridge talk show scheduled for Aug. 30 aims to address these ongoing concerns.
Hosted by Wesley Rocha, the event promises to offer insights into the network’s current status, with participation from figures like Victor Nguyen and Woody Lightyear.
However, given the network’s history of delays and vague timelines, it is unclear whether this discussion will provide definitive answers.
Though the community’s anticipation is palpable, skepticism remains high.
Many users are wary of expecting clear resolutions from this event.
Despite the progress, user engagement and migration, the overarching uncertainty about the mainnet launch continues to fuel doubt.
As the Grace Period deadline approaches, the network’s ability to meet expectations remains a subject of questioning.
Price Action Continues To Be Crabby
Meanwhile, the Pi Coin IOU price dropped nearly 3.5% on Aug. 25 to reach a daily low near $35.5 before recovering.
Following the PI USD pair’s recent rally, the Pi Network token’s price action seems to have reentered its consolidation phase.
Despite being short-lived, the rally was a welcome departure from the usually horizontal PI coin price action.
Even trading pairs like the
PI-INR pair
had been crabbing, refusing to provide the drama some traders crave.
The PI network token has support near the $35.4 and $33.3 price levels.
Moreover, if the Pi Network token price starts a rally, PI coin price could rise to the resistance near $39.
Flipping the immediate resistance might help PI USD pair reach the resistance near $41.5 before recovering.
The RSI remained neutral, with a score of 47.3 on the daily charts.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- BitMEX Introduces CATIUSDT Perpetual Swap with Up to 50x Leverage
- Sep 23, 2024 at 02:25 pm
- BitMEX announces the listing of CATIUSDT perpetual swaps, offering traders up to 50x leverage starting September 23, 2024.
-
- Woolworths $2 Olympic coin errors: Royal Australian Mint responds after rare misprints emerge
- Sep 23, 2024 at 02:15 pm
- The Royal Australian Mint has responded after special-edition coins released for the Paris Olympic and Paralympic Games had unique errors on them.
-
- Hamster Kombat Review: Tap to Earn Game Similar To Notcoin
- Sep 23, 2024 at 02:15 pm
- Popular Telegram-based game Hamster Kombat informed its players that they would not be allowed to claim their full HMSTR token allocations on the day
-
- Ethena Labs Airdrop is Live — Act Fast!
- Sep 23, 2024 at 02:15 pm
- Who is Eligible for Ethena Labs Airdrop? Full Guideline
-
- Exclusive OPENSEA Airdrop — Don't Miss Out!
- Sep 23, 2024 at 02:15 pm
- How to review OPENSEA Airdrop Eligibility?
-
- Chaos Labs Gains Recognition for Its DeFi Risk Management Tools, Secures $55M Series A Funding Round
- Sep 23, 2024 at 02:15 pm
- New York-based Chaos Labs, founded in 2021, is gaining recognition for its suite of risk management tools designed specifically for the decentralized finance (DeFi) sector.
-
- Ripple's Legal Battle with the SEC Ended with Mixed Results, But the Fight Isn't Over
- Sep 23, 2024 at 02:15 pm
- Ripple settled the XRP security case for $25 million instead of $2 billion. While Ripple can operate abroad, U.S. institutions cannot buy XRP!
-
- Rexas Finance (RXS) Gains Traction as a Rising Star in the Blockchain Ecosystem
- Sep 23, 2024 at 02:15 pm
- Rexas Finance (RXS), a blockchain platform specializing in the tokenization of real-world assets (RWA), has been gaining considerable traction in the investment community.
-
- Bitcoin Price Extend Gains Above $63,500
- Sep 23, 2024 at 12:15 pm
- Bitcoin price extended its increase above the $62,500 level. BTC was able to clear the $62,800 and $63,200 resistance levels to move further into a positive zone.