[Shedi]

Pi Network has fallen off a cliff from its November highs as the $100 price target became highly elusive. This decline is mostly because of the ongoing altcoin retreat and the few mainnet launch delays by the developers. Based on their past statements, the Pi coin mainnet launch will likely be delayed again, which may affect its performance.

Will PI Network Delay The Mainnet Launch Again?

The Pi Network price surged to nearly $100 in October as the countdown to the first grace period continued. It then crashed to $47 and bounced back to $91 as this deadline neared.

These gains were short-lived as the developers postponed the grace period again to December. The same trend continued, and in December, they extended the verification period again to January 31st of this year. In the statement, they noted that their goal was to launch the mainnet in the first quarter of this year.

They argued that more time was needed to ensure that at least 10 million pioneers moved their tokens to the mainnet.

However, there is a risk that the mainnet launch may be delayed again as the developers have done repeatedly in the past few years. In the announcement below, the developers said that the open network can – not will – launch as soon as possible in Q1. Including the phrase can introduces uncertainty about the launch.