The price of Pi Coin (PI) has been steady in recent days as the Pi Fest event takes place and traders anticipate the mainnet launch. The token has reached a high of $52.18, its highest level since October, and has seen a surge of over 78% from its lowest point this year. The Pi Fest event allows users to showcase Pi's local commerce utility by taking pictures of businesses accepting Pi Network and sharing them on social media and Fireside Forum. The developers are working on the transition to the mainnet launch, which they expect to happen either later this month or in November. They have set criteria for the transition to occur, including completion of KYC verification by most users, the existence of at least one hundred mainnet ready applications, and favorable market conditions. The technicals of Pi Coin are also strong, with the chart indicating positive momentum. As a result, there is an increasing likelihood that the token's price will continue to rise, potentially reaching $62.5. It is important to note that the Pi Network token is separate from the real Pi project.



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