The Pi Network has faced yet another delay in its Open Network launch, which is now scheduled for the first quarter of 2025. This has raised concerns about the project's ability to fulfill its promises, as it has already seen multiple timeline revisions.
User complaints about token migration issues have also added to the frustrations, with some alleging a lack of transparency and potential scams. Despite these challenges, the price of the PI coin has recently surged to $50, driven by renewed excitement among users. However, the price is encountering resistance and the relative strength index remains neutral.
The Pi Network's leadership has been vague about the timeline, which has raised concerns among the community. The combination of delays, user complaints, and market volatility presents a complex situation for the Pi Network as it strives to establish itself in the cryptocurrency landscape.