Pi Network IOU Price Remains Stagnant as Traders Await Mainnet Details
Haliys Smit
On Tuesday, the IoU price of Pi Network stayed within a narrow range as various alternative cryptocurrencies rebounded. The coin was trading at US$38.80, which is close to its position since May
This occurred while Bitcoin surged to US$62,000, and smaller cryptocurrencies such as Farcana, Popcat, Taker Kurlson, and Ben the Dog experienced a gain of over 40% in the last 24 hours
Pi Network is pushing forward with its preparations for the mainnet debut, despite pioneers expressing frustration over the ongoing postponements
The team has identified three key areas of focus as they inch closer to the launch. First, they have focused a significant amount of effort on the KYC process for Pi Coin holders
Secondly, the expectation is that the network will feature additional applications, enhancing the token's usefulness once it goes live