CandleFocus Pi Network token IoU jumps as mainnet launch hopes rise
2024-10-07
Author: Content Editor
The Pi Network IoU token, Pi Coin (PI), has experienced a significant increase in value, reaching its highest point since July. This rise aligns with the overall trend of altcoins bouncing back. There is growing anticipation that the Pi Network's mainnet will be launched in the first quarter of next year. The developers are also establishing partnerships and expanding their global influencer program in preparation for the launch. The token has formed a bullish double-bottom pattern and has moved above the 50-day moving average, suggesting further upside potential. However, there are risks associated with tap-to-earn tokens, as similar tokens have experienced declines after their debut.
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