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Pi Network’s Mainnet Launch: Gold At the End of Grace Period Rainbow or Continue Delays?
Pi Network’s Mainnet Launch: Gold At The End Of Grace Period Rainbow or Continue Delays?
NOIDA (CoinChapter.com)—As Pi Network approaches the end of its grace period, the project’s followers and fans expect the team to initiate its mainnet launch finally. Yet, it remains unclear whether the team will meet this timeline, given its history of delays and abstract announcements.
Speculation continues about whether Pi will deliver on its promised blockchain.
Grace Period Update and Pi Network Mainnet Migration
Pi Network has updated its Grace Period algorithm to improve the accuracy of timer pauses for Pioneers affected by system blocks. The team expects the change to reduce unnecessary pauses and enhance the overall user experience for those who have encountered disruptions.
Grace Period ending—Will Pi Network mainnet finally launch?
The project now lets users report any steps they are stuck on by introducing a new feature. It provides a link in the Mainnet checklist for users to flag any issues. While these tweaks aim to streamline the process, they do not clarify the timeline for the long-awaited mainnet launch.
In addition to the algorithm changes, the team has placed users in an automatic migration queue. They will migrate the transferable balances to the mainnet blockchain, but users must wait through a 14-day pending period before accessing unlocked funds.
The remaining balance will remain locked based on the user’s selected lockup duration. This slow process raises further concerns about when Pi will fully transition to its mainnet despite the updates.
Celebrating 2,000 days of persistence and vague updates.
The team also celebrated the 2,000th day since Pi Network’s launch on March 14, 2019. However, this milestone does little to clarify the project’s path forward. Rather than providing a concrete timeline for mainnet activation, the Pi team focuses on symbolic announcements, leaving users unsure of the next critical step.
Pi Coin Price Rebounds Back Into Range
The PI USDT IOU pair rebounded nearly 11% on Sept. 7. The jump would have been significant for the still imaginary token. However, it only brought the PI coin price back inside the $32-$36 channel it has been trading inside since late Aug. 2024.
PIUSDT price chart with RSI. Source: Tradingview
Moreover, all the bullishness evaporated on Sept. 8 as the token failed to turn the spike into a rally. If the downtrend continues, the Pi Network token price might drop to the support level near $32. A further downtrend might force the Pi coin price to test the support level near $29.7.
On the other hand, an uptrend in the prices of the yet-to-launch and, thus, ‘make believe‘ token could rally to the resistance near $36, flipping which would set PI Network coin price target the resistance near $39.2 before retreating.
The RSI remained hopelessly neutral, with a score of 43.78 on the daily charts.
The post Pi Network’s Mainnet Launch: Gold At The End Of Grace Period Rainbow or Continue Delays? appeared first on CoinChapter.
NOIDA (CoinChapter.com)—As Pi Network approaches the end of its grace period, the project’s followers and fans expect the team to initiate its mainnet launch finally. Yet, it remains unclear whether the team will meet this timeline, given its history of delays and abstract announcements.
Speculation continues about whether Pi will deliver on its promised blockchain.
Grace Period Update and Pi Network Mainnet Migration
Pi Network has updated its Grace Period algorithm to improve the accuracy of timer pauses for Pioneers affected by system blocks. The team expects the change to reduce unnecessary pauses and enhance the overall user experience for those who have encountered disruptions.
Grace Period ending—Will Pi Network mainnet finally launch?
The project now lets users report any steps they are stuck on by introducing a new feature. It provides a link in the Mainnet checklist for users to flag any issues. While these tweaks aim to streamline the process, they do not clarify the timeline for the long-awaited mainnet launch.
In addition to the algorithm changes, the team has placed users in an automatic migration queue. They will migrate the transferable balances to the mainnet blockchain, but users must wait through a 14-day pending period before accessing unlocked funds.
The remaining balance will remain locked based on the user’s selected lockup duration. This slow process raises further concerns about when Pi will fully transition to its mainnet despite the updates.
Celebrating 2,000 days of persistence and vague updates.
The team also celebrated the 2,000th day since Pi Network’s launch on March 14, 2019. However, this milestone does little to clarify the project’s path forward. Rather than providing a concrete timeline for mainnet activation, the Pi team focuses on symbolic announcements, leaving users unsure of the next critical step.
Pi Coin Price Rebounds Back Into Range
The PI USDT IOU pair rebounded nearly 11% on Sept. 7. The jump would have been significant for the still imaginary token. However, it only brought the PI coin price back inside the $32-$36 channel it has been trading inside since late Aug. 2024.
PIUSDT price chart with RSI. Source: Tradingview
Moreover, all the bullishness evaporated on Sept. 8 as the token failed to turn the spike into a rally. If the downtrend continues, the Pi Network token price might drop to the support level near $32. A further downtrend might force the Pi coin price to test the support level near $29.7.
On the other hand, an uptrend in the prices of the yet-to-launch and, thus, ‘make believe‘ token could rally to the resistance near $36, flipping which would set PI Network coin price target the resistance near $39.2 before retreating.
The RSI remained hopelessly neutral, with a score of 43.78 on the daily charts.
The post Pi Network’s Mainnet Launch: Gold At The End Of Grace Period Rainbow or Continue Delays? appeared first on CoinChapter.
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