Pi Network Price Soars

The price of Pi Network, which is attracting attention in the cryptocurrency market, has shown a remarkable surge in recent days. According to CoinMarketcap statistics, the price of Pi Network’s IOU token temporarily rose to approximately $50 per Pi. This result surprised many investors and cryptocurrency enthusiasts.

Remarkable Rise on CoinMarketcap

According to CoinMarketcap data, Pi Network’s IOU token is being traded on DEXs like Huobi, and its price has risen sharply. This surge is believed to be driven by frequent updates announced by the Pi Network project and anticipation for the Open Mainnet scheduled for the end of the year.

Movement in the Vietnamese Black Market

Interestingly, a price increase for Pi Network was also observed in the Vietnamese black market. According to reports, the price in the black market temporarily rose to nearly $1 per Pi. This suggests that interest in Pi Network is spreading internationally.

Background of Pi Network Price Increase

Anticipation for Open Mainnet

One of the main factors behind the Pi Network price increase is the anticipation for the Open Mainnet scheduled for the end of the year. The realization of the Open Mainnet will be a major milestone for the Pi Network project, and many investors and users are eagerly awaiting this moment.

Connection to Bitcoin Founder?

An interesting rumor is also spreading. There is speculation that Nicolas Kokkalis, the founder of Pi Network, might actually be Satoshi Nakamoto, the mysterious founder of Bitcoin. This rumor is unconfirmed, but if true, it could significantly boost the credibility and expected value of the Pi Network project.

Future Outlook for Pi Network

Aiming for Integration into Daily Life

Pi Network’s goal is to become a cryptocurrency that is actually used in daily life, not just an object of speculation. The project team is said to be aiming to overcome Bitcoin’s weaknesses and create a more user-friendly and widely adoptable cryptocurrency.

Investors’ Expectations

Many Pi Network investors and miners have high expectations for the value of Pi during the Open Mainnet. The results of a project spanning 3-4 years are finally approaching the moment of fruition. There is no doubt that the attention of the global cryptocurrency community will be focused on the developments of Pi Network in the coming weeks.