Pi Network recently released its first major update in nearly a month, allowing users who have passed KYC verification to activate their mainnet wallet. This change is meant to improve access to the blockchain and increase the chances of listing the PI cryptocurrency on leading exchanges, including Binance. This opens up the possibility of significant growth in the value of the token in 2025.
Despite this significant move, the price of PI has so far remained under bear market pressure, falling 1.8% to $0.58 in 24 hours. Still, the update represents an important milestone that can improve transparency – one of the main reasons why PI is not yet listed on major exchanges.
The update also strengthens decentralization by allowing people outside the Pi Network to access the mainnet. This may allay regulatory concerns that hinder listing on prestigious crypto exchanges. The project team believes that these measures will pave the way for further growth in the price of PI.
Technical analysis suggests an imminent price reversal. The falling wedge pattern on the four-hour chart points to a possible 16% rise, which could push the PI price to the $0.71 resistance. If it is breached and subsequently breaks above USD 0.80, it will open up room for further upside to USD 1.
Overall, the outlook for Pi Network in 2025 looks positive. New features such as mainnet wallet activation increase the likelihood of listing on major exchanges, which could lead to significant price growth. If the $1 threshold is breached, another bullish wave to all-time highs could follow.