Pi Network is one of the projects attracting attention in the cryptocurrency world. This article provides a detailed explanation of the latest development status of Pi Network, the overall trends in the cryptocurrency market, and questions that users may have.

1. Pi Network Development Status

The Pi Network development team is steadily progressing towards the KYC (Know Your Customer) process and the migration to the mainnet. The extension of the KYC deadline to November 30, 2024, has expanded the opportunity for more users to participate. Although the mainnet migration is behind the original schedule, the development team is proceeding cautiously and surely.

2. Answers to User Concerns

Many users have concerns about incomplete KYC and delays in migrating Pi to their wallets. If KYC is incomplete, there is a possibility of receiving individual support by contacting the support team. Regarding wallet migration, it is taking time because the development team is proceeding cautiously, but they are striving to handle all users fairly.

3. Cryptocurrency Market Trends and Pi Network

The recent cryptocurrency market has been experiencing significant volatility. Many other cryptocurrencies (altcoins) are also being affected, correlated with the price fluctuations of Bitcoin. Since Pi Network is not yet listed on exchanges, there are no direct price fluctuations, but the overall market trends could potentially influence the future value of Pi.

4. Importance of User Count

In the success of a cryptocurrency project, the number of users is a very important factor. Pi Network has gained many users by taking a user-friendly approach. This strategy is highly likely to lead to the future success of the project.

5. Emerging Trend: Telegram Projects

Recently, Telegram-based projects have been attracting attention. While these projects can gain many users in a short period, questions remain about their long-term value and practicality. Pi Network distinguishes itself from such trends and aims for long-term value creation.

6. Binance’s Movements and Market Impact

The movements of major exchange Binance have a significant impact on the overall cryptocurrency market. Recently, it has been noted that Binance is actively listing meme coins. This indicates that projects with a large number of users are gaining increased attention. For Pi Network, this could be advantageous when considering future exchange listings.

7. Long-Term Perspective on Pi Network Investment

When considering investing in Pi Network, it is important to have a long-term perspective. Instead of being swayed by short-term market fluctuations, focus on the fundamental value and future potential of the project. Pi Network holds the potential for long-term success due to its large user base and unique strategy.

In conclusion, Pi Network is steadily progressing with development and adopting a user-centric strategy. Focusing on the long-term potential of the project, rather than being swayed by short-term market fluctuations, can be considered a wise investment strategy.