2025-03-25 09:02:48

The Mainnet Launch of Pi Network Draws Comparisons to Ethereum's Initial Price Models

#Pi Network (PI), a cryptocurrency project developed over six years, activated its mainnet on February 20, 2024. The launch attracted attention due to the mobile-accessible mining model and initial price volatility. After launching near $3, PI adjusted down to a range around $1, reflecting patterns seen in the initial trading phase of Ethereum.

Technical charts indicate that PI is consolidating in a descending wedge pattern, a structure often preceding bullish reversals. Ethereum exhibited similar behavior after its 2015 launch when it traded near $1 before breaking out of a wedge and soaring over 1,400% in several months. ETHNews analysts note that PI's current position closely aligns with Ethereum's pre-breakout setup, including proximity to the 15-day moving average (#Stablecoin Market Cap Hits ATH #SEC Crypto Roundtable Meeting #Recent Market Analysis

PI-0,44%

ETH0,13%

OVER-4,12%

SIX0,53%

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