Will the Pi Network (PI) actually launch on Mainnet during this Bull Cycle?

TL:DR;

Although launched as a project more than 2,000 days ago, the Pi Network mainnet and native token have yet to officially see the light of day. Could this finally change during the ongoing bull cycle? The perplexity weighs.

On September 4, the project celebrated 2,000 since its official launch, which took place on March 14, 2019. Since then, it has accumulated more than 15 million customers who have completed the required KYC verification.

However, the actual mainnet of the project, which promises to allow people to mine crypto right from their smartphones and change the complexion of the internet, has yet to be released to the public.

Additionally, the team recently announced another extension for users to submit KYC applications from November to December 31, 2024. This is the second such extension as the deadline was set initially for September.

The current deadline coincides with the official mainnet and token release date. While the team continues to assure that both will launch on the last day of 2024, community doubts have gone through the roof.

As such, we decided to ask the popular AI chatbot – Perplexity, about his views on whether the main Pi Network will see the light of day on December 31st or even during the ongoing bull cycle.

He responded that more favorable market conditions should definitely incentivize the team to follow through with the promised release, as they can benefit from the big picture.

“Broader cryptocurrency market conditions play a crucial role in determining the timing of the mainnet launch. A bull market can increase user interest and investment in the Pi Network, while a bearish could cause doubts among users and potential investors,” the chatbot said.

Although it has not officially launched, the price of the PI token has risen to $50, and Perplexity predicted that it could reach $100 even before its public launch.

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