Pi Network Token Listing Rescheduled In the Middle of Long Delays and Concerns

After years of anticipation and numerous delays, the developers of the Pi Network have announced a new date for the listing of their token on various exchanges: February 20th.

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This long-awaited event has garnered significant attention from traders, but the repeated postponements have left many users anxious about the project’s future.

Pi Network Token Listing Rescheduled

According to reports from BeInCrypto, exchanges such as Bitget and OKX have confirmed that they will list the native token of the Pi Network on February 20th. However, the listing comes with its share of skepticism. Ben Zhou, the CEO of Bybit, has expressed serious doubts about collaborating with Pi Network. Analysts have also warned that the listing of PI on exchanges carries inherent risks.

Key Concerns Surrounding Pi Network

One of the primary concerns is the composition of Pi Network’s user base, which largely consists of inexperienced investors. Experts caution that these users may react unpredictably to market volatility, potentially leading to increased price fluctuations and panic selling. Additionally, the multi-level marketing strategy and pyramid-like structure of Pi Network have raised legal concerns. The prolonged delay in the token’s launch, which has been postponed since 2018, has also fueled skepticism among traders.

Market Sentiment and Price Predictions

Despite these challenges, the market has shown a positive sentiment towards the Pi Network token. Following the announcement of the mainnet launch, the price of IOU Pi, a pre-sale version of the PI token traded on some exchanges before its official launch, increased to $71.20. However, this upward trend has since slowed, with the token’s price currently hovering around $68.

Analysts predict that upon listing, the price of Pi Network could range between $40.80 and $68.70. This range reflects the uncertainty and potential volatility that may accompany the token’s debut on exchanges.

Conclusion

The Pi Network’s journey to listing has been fraught with delays and controversies, raising questions about the project’s viability and the potential risks for investors. As the February 20th listing approaches, all eyes will be on how the market reacts to the long-awaited debut of the Pi token. The outcome will likely serve as a critical test for the network and its ability to deliver on its promises amidst a backdrop of skepticism and regulatory scrutiny.