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Top Facts to Know About Pi Network Before Mainnet Launch
As the Pi Network community eagerly awaits its Open Mainnet launch, it’s essential to understand the platform’s current market dynamics and user engagement. The Directional Movement Index (DMI) analysis indicates that the Average Directional Index (ADX) has dropped from 56.9 to 46.6, signaling a slowdown in trend strength. Meanwhile, the +DI (positive directional index) has decreased from 57 to 27.5, while the -DI (negative directional index) increased from 1.38 to 13.5, suggesting rising selling pressure.
However, buyers still maintain control, indicating that bullish sentiment has not fully reversed. The Pi Network’s strong user engagement is a critical aspect of its success, with over 45 million registered users. Many users have voluntarily locked their tokens, which contributes to the platform’s stability and potential for long-term growth.
To date, the Relative Strength Index (RSI), a momentum indicator, has declined from an overbought level of 92 to 54.8, putting PI in a more neutral zone. While this shift signals that the sharp upward trend may be losing steam, it doesn’t necessarily indicate a downturn unless the RSI falls below 40.
Please note that Pi Network is transitioning to its Open Mainnet. With this transition comes increased accessibility to purchasing and selling Pi Coins (PI). To buy or sell PI, users must first register with a supported exchange like OKX and complete the necessary Know Your Customer (KYC) verification.
To purchase PI:
1. Create an account on platforms like OKX.
2. Deposit funds into your wallet.
3. Place a buy order by setting a specific purchase price or buying at market rate.
4. Secure your PI Coins in a secure wallet, such as the official Pi Network Wallet, to maintain control over your assets.
To sell your PI:
1. Transfer your coins from your personal wallet to an exchange (e.g., OKX) and deposit them into your account.
2. Place a sell order by setting your desired selling price or selling at market rate.
3. Withdraw the proceeds to your bank account or another cryptocurrency wallet, depending on the exchange’s supported withdrawal methods.
Lastly, Pi Network has made significant progress with over 45 million users engaged in the community.
Source: coinchapter.com
