After years of anticipation, the Pi Network launched its mainnet in the present day at 8 AM UTC.
This can be a enormous milestone for the venture. For years, its followers continued to “mine” tokens, aligning with the venture’s goal of utilizing blockchain to unravel real-world issues, particularly in funds. The launch marks the top of the Enclosed Mainnet section that started over three years in the past in December 2021.
For the reason that mainnet is now open for holders, they will transfer their PI tokens and swap them for others on main exchanges like OKX, the place buying and selling is supported. In the meantime, Pi Network distributors are free to broaden their apps globally.
Will the PI Crypto Uptrend Proceed? Time For $1,000?
Final week, when the staff introduced the mainnet would go reside, PI costs spiked to $100 earlier than barely retracing. Nonetheless, as momentum picked up, the uptrend resumed, and by February 17, the IoU tokens of the yet-to-be-launched PI tokens reached $200 on exchanges like BitMart and HTX.
At press time, PI IoU tokens are buying and selling inside a $25 to $80 vary throughout main exchanges. Though the token is down 88% from its all-time excessive of $307 posted in December 2022, there’s confidence that PI might rocket to as excessive as $1,000 within the coming years.
(Supply)
Whether or not this can occur relies on adoption and whether or not Pi Network will reside as much as holders’ expectations. The staff goals to construct a cyclical decentralized economic system the place the token performs an important position in transactions and powers apps and all companies inside the community.
Those that want to use the mainnet should full know-your-customer verification by February 28, 2025.
Past adoption, the speed at which PI grows will rely upon the variety of exchanges itemizing it. The IoU token representing PI is out there on fringe exchanges, however as soon as it’s listed on OKX, Binance, or Coinbase, the token might surge as a result of anticipated demand.
Wall Road Pepe (WEPE) Takes Off After Launch
Whereas the Pi Network is making headlines, Wall Road Pepe (WEPE) dominates DEX discussions after its profitable launch.
Wall Road Pepe raised $73 million in its presale.
On February 17, early adopters started claiming WEPE earlier than the token began buying and selling on Uniswap, a high DEX that allows the trustless swapping of tokens on Ethereum.
Though costs fell barely on launch—offering a chance for one whale to purchase over $365,000 price of WEPE—consumers are again, and the frog-themed meme coin is agency at press time.
Based on DEXTools, WEPE is altering fingers at $0.0001559 as buyers pour in. Yesterday alone, over $6.4 million price of WEPE was traded on Uniswap, pushing its market cap to over $31 million.
(Supply)
There are excessive hopes that Wall Road Pepe can simply 10X to over $500 million in market cap. This can appeal to the eye of high exchanges like Binance and MEXC.
And momentum is constructing.
Based on Etherscan, there are practically 65,000 WEPE holders, up over 3X in three days.
(Supply)
Extra holders are anticipated now that costs proceed to tick larger.
On social media, curiosity is excessive, and on YouTube, analysts anticipate WEPE to comply with the success of PEPU and PEPE.
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Pi Network is Stay, Is Wall Road Pepe The Subsequent PEPE?
- Pi Network launches mainnet
- PI merchants bullish after worth spiked to $200
- Wall Road Pepe anticipated to hit $500 million market cap after profitable itemizing
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