On March 14, 2025, the Pi Network celebrated Pi Day, coinciding with the sixth anniversary of its launch in 2019. This event was pivotal in the history of the network, witnessing several significant developments that impacted the currency price and user engagement.
Price Increases and Technical Challenges
As Pi Day approached, the price of Pi Network saw an increase. By March 13, the price reached $1.78, marking a slight increase of 0.25% from the previous close. However, by March 14, the price dropped to $1.68, reflecting a decrease of 0.045% from the previous close.
Additionally, users faced technical challenges during the Know Your Customer (KYC) verification process, which was essential for transferring coins from the test network to the main network. These issues affected many users' ability to complete transfers on time.
Launch of the Pi Festival and Future Aspirations
In celebration of Pi Day, the Pi Network announced the launch of the first Pi Festival for the open network, aimed at promoting local currency trade after enabling external connectivity. This event reflects the network's commitment to expand its usage and increase its adoption in local markets.
As the sixth anniversary of the network's launch approaches, some analysts expect the price of Pi Network to rise. Additionally, there are predictions for the currency to be listed on major trading platforms like Binance, which could enhance its liquidity.