Pi Network is set to release 188 million tokens in March to a user base of over 1 million, marking a significant expansion compared to previous months. Despite this growth, experts predict that the surge in demand for PI will prevent any major increases in selling pressure.
Excitement around the project is palpable, with PI experiencing a nearly 100% surge following its mainnet launch on February 20, reaching a peak of $2.99 before undergoing slight corrections. CoinMarketCap has now listed PI as the 11th largest cryptocurrency, gaining traction and support from the community.
Furthermore, CoinMarketCap data indicates that an overwhelming 91% of users maintain a positive outlook on Pi Network, especially as the project plans to distribute 188 million tokens to over 1.1 million users in the upcoming month. This move is anticipated to impact Pi Network's price significantly.
Despite this optimistic outlook, Pi Network has faced challenges, with Binance encountering backlash for delaying the listing of PI tokens despite overwhelming support from its community. This delay has led to frustration within the Pi Network fan base, prompting heated criticism on social media platforms.
While certain regulatory concerns have been raised by entities such as the Vietnamese government and Bybit CEO Ben Zhou, the Pi Network community remains steadfast in its support for the project. Although some members have been criticized for their aggressive behavior online, the project continues to demonstrate resilience amidst evolving market conditions.
With an expanding user base and ongoing developments, Pi Network maintains a strong presence in the crypto sphere, attracting attention and excitement from users worldwide.