Pi Network mainnet is approaching, will Pi Coin's price break through soon or replicate XRP's trend?

Pi Network’s core team recently confirmed that the development of mainnet v23 has entered the final stage. The testnet has stably processed hundreds of millions of transactions with a failure rate below 0.01%. Amid rumors of PiUSD stablecoin issuance and the exposure of a decentralized robot data processing partnership with OpenMind, the PI token price has formed a converging triangle within the $0.2327-$0.2518 range, and the weekly RSI indicator has risen to a neutral 47.

Technical analysts point out that if the price successfully breaks through the $0.2569 neckline resistance, it could initiate an upward channel targeting $0.2945 and even $1.00. The trend characteristics are highly similar to the pre-2023 XRP breakout pattern.

Pi Network Mainnet Progress and Ecosystem Development

After five years of testnet operation, Pi Network has finally made substantial progress toward the mainnet. The core upgrades in version v23 include: compatibility with the ERC-3643 token standard, providing infrastructure for issuing real-world assets (RWA); introduction of zero-knowledge proof architecture, increasing transaction verification speed to 5,000 TPS; deployment of decentralized storage modules, enabling users to convert idle mobile device space into network nodes. These technological improvements are transforming Pi from a simple mobile mining app into a full-fledged public chain. Currently, the testnet has over 15 million registered nodes and more than 37,000 daily active developers.

The most imaginative breakthrough in ecosystem collaboration comes from a potential alliance with OpenMind. This decentralized robot project plans to utilize Pi nodes to process robot perception data, with participants earning PiUSD stablecoins by contributing computing power. If successful, this “DePIN (Decentralized Physical Infrastructure) + AI” model could create real demand scenarios for the Pi network. Meanwhile, the team is testing a PiUSD stablecoin that employs an over-collateralization mechanism requiring a 130% collateralization ratio of PI tokens, ensuring stability while providing buy pressure on the native token.

Pi Coin Technical Analysis and Price Targets

Daily charts show Pi Coin forming a classic bullish pattern. After testing the support at $0.2327 three times, the price has formed a symmetrical triangle with the descending trendline, with volatility contracting to an extreme Bollinger Band width of 0.08. This technical structure often indicates a major directional decision. Referring to a similar pattern before XRP’s 2023 surge following SEC favorable news, the average breakout gain was 280%. The key confirmation signal is a breakout above the $0.2569 neckline, which coincides with the September 2024 high and the 50-day moving average.

Using Fibonacci extension tools, clear target sequences are emerging: the first target at $0.2849 (1.618 extension), the secondary at $0.2945 (2.0 extension), and if the mainnet launches in a bullish market environment, a long-term challenge of the $1.00 psychological level (5.236 extension) is possible. This optimistic outlook is supported by supply constraints—currently, only 30% of tokens are circulating, with the remaining 70% locked in mining reward pools. This release pace results in much lower actual selling pressure compared to projects with similar market caps.

Pi Network Ecosystem Data Overview

Network Metrics

• Cumulative testnet transactions: 3.7 billion
• Number of nodes: 15 million
• Daily active users: 12 million
• Mainnet version: v23 (under development)

Market Data

• Current price: $0.245
• Key support: $0.2327
• Recent resistance: $0.2518
• RSI (weekly): 47

Pi Network Mobile Mining and Emerging Public Chain Competition

Pi Network’s mobile-first blockchain paradigm is reshaping the competition landscape among public chains. Unlike traditional mining relying on specialized hardware, Pi employs a variant of the “Stellar Consensus Protocol” to enable low-energy participation via smartphones. This design is especially attractive in Southeast Asia, Africa, and other regions where smartphones are widespread but hardware resources are limited. Data shows that 68% of Pi users come from emerging markets, complementing Bitcoin’s 73% user base in developed countries. This differentiated positioning continues to boost its weight in Coinbase Ventures’ “Next Billion Users” investment theme.

However, challenges remain. Projects like Helium and THETA have been deploying mainnets for years with far more ecosystem applications. Emerging chains like Solana and Avalanche lead in institutional adoption. Pi’s core advantage lies in its 35 million verified users, but how to convert these users into active on-chain participants remains uncertain. Historical experience indicates that during the transition from testnet to mainnet, only 12-18% of users tend to engage in DeFi or NFT applications, which will directly impact long-term project value.

Pi Coin Investment Strategy and Risk Warnings

For investors interested in Pi Network, a three-phase participation strategy is recommended: before mainnet launch, establish a 30% position in the $0.23-$0.25 range with a stop-loss at $0.22; after mainnet success, if daily transaction volume exceeds 10 million, add another 40%; and when ecosystem lock-up plans (such as PiUSD collateralization) are activated, allocate the remaining 30%. This gradual approach helps control risk and ensures participation at different stages.

Risk management should focus on: technical risks such as potential network congestion similar to early Internet Computer issues; regulatory risks, especially whether the US SEC considers mobile mining as a security issuance; and market risks, given that 80% of tokens are still locked, and future releases could create sustained selling pressure. It is advisable to limit Pi holdings to about 5% of your digital asset portfolio and diversify investments into other mainnet public chains like Ethereum and Polkadot to balance overall exposure.

Conclusion

Pi Network is at a critical turning point from concept validation to substantive value realization. Its unique mobile mining model, large user base, and upcoming mainnet launch collectively create a potential explosion opportunity. While challenges remain in technology and market acceptance, for investors willing to accept early-stage project risks, Pi could become a valuable ticket to capture the next billion-user market.