📌Yesterday Review
BTC: Yesterday’s lowest point was 68069, the highest point was 69425, the fluctuation was 1356, and the amplitude was 2.0%
ETH: Yesterday’s lowest point was 2634, the highest point was 2759, the fluctuation was 125, and the amplitude was 4.7%

📌Today’s analysis
BTC
Bitcoin is currently trading at 68,500. After hitting the key resistance of 69,500, it began to pull back. For the time being, Bitcoin can be regarded as the fourth adjustment wave in the 5-wave rise, or as the rising flag correction stage of a super-large cycle. Therefore, the current resistance is very strong, and the first target of the pullback is around 66,000.
If Bitcoin breaks through 71,000, it means that the bullish flag pattern has completed a breakthrough, and the upward trend is expected to be around 85,000!

🚨 Pi Network Mainnet Launch – Will Pi Coin Surge to $40 or More? 🚨
🔥 The Pi Network Mainnet launch is FINALLY here, and crypto enthusiasts everywhere are buzzing with excitement. With price predictions ranging from $3 to a jaw-dropping $40, the hype is REAL. Could Pi be the next big thing in the crypto world? Or is the price speculation too good to be true? 👀
💡 Developed by a team of Stanford PhDs, Pi allows anyone with a smartphone to mine Pi coins, making it one of the most accessible cryptocurrencies ever! With over 35 million users worldwide, Pi’s massive community believes this could be the next breakout star. But as we approach the Mainnet launch, the REAL question is – what will Pi’s price be when trading starts?
💥 Some predict a conservative start at $3, allowing for stable growth. Others are eyeing up to $40 or more, fueled by Pi’s vision of creating an ecosystem of decentralized apps and services. With global adoption on the horizon, could Pi shatter expectations and join the crypto elite? 🌐
⚡ But beware: Pi’s true value depends on supply, demand, and utility. If millions of users rush to sell, we could see price pressure. But if Pi’s ecosystem thrives, the sky’s the limit. 🚀
Are you ready to ride the Pi wave? 🌊 Will it moon, or will it fizzle out? Drop your predictions below and let’s see where Pi takes us!
#EIGENonBinance
#Write2Earn!
#DoYouHoldBNB
#GrayscaleConsiders35Cryptos

TL;DR

Pi Network extended the deadlines for KYC and mainnet migration, causing both optimism and skepticism among users.

The team directed people facing issues to a Telegram help chat, while a roadmap for the mainnet expected in December 2024 should reveal further information.

Users Can Get Help Here

Pi Network – a revolutionary cryptocurrency project that aims to allow people to mine digital assets on their smartphones – saw the light of day over five years ago. Nevertheless, it remains quite controversial since there is no clear indication of when the native token and open mainnet will go live.

Earlier this year, Pi Network’s team claimed that over 13 million people have already passed Know-Your-Customer (KYC) procedures, whereas six million have migrated to the mainnet. Initially, it advised users to complete verifications by September 30, a deadline known as the “Grace Period.”

Shortly after, though, the working group extended the period to November 30, 2024, while migration to the mainnet was moved to December 31.

The announcements caused mixed feelings from X users, with some describing the extension as “a massive opportunity for small-time builders on the networks and one of the best Pi news of the year.” Others, though, argued that the cryptocurrency project is a scam, expressing skepticism about whether the promised launch of an open mainnet and native token will happen anytime soon.

Most recently, the team behind Pi News (the blockchain media platform on Pi Network) said numerous users still struggle with KYC procedures and migration. It advised those experiencing similar issues to join a dedicated Telegram chat “where there will be mods to answer your questions.”

More Clarity by the End of 2024?

At the end of August, PiBridge, a decentralized finance platform connecting Pi Network to other blockchains, hosted a talk show. Although many expected updates on the mainnet launch, no new details were shared.

Soon after, the Pi Core Team announced they would reveal the mainnet open roadmap, allowing official Pi token transactions, in December 2024. Once again, the decision sparked mixed reactions within the community, with some viewing it as another potential delay.

 

The post Important Pi Network Update for Users Struggling With KYC appeared first on CryptoPotato.