Ravencoin (RVN) rocketed by more than 150% in 24 hours, with massive gains coming amid the token’s listing on Upbit, South Korea’s largest cryptocurrency exchange.

The announcement, made by Upbit via its official X account, noted that the exchange will add trading support for RVN against the Korean Won (KRW).

RVN coin’s surge saw it hit highs of $0.027, its highest level since mid-December 2024.

Ravencoin price – Upbit triggers 150% RVN rally

Upbit revealed the RVN/KRW market support in a post on X, stating that trading support for the altcoin would commence at 17:00 local time.

The exchange, known for its massive trading volume and customer base in South Korea, often sees explosive demand for newly listed tokens.

No doubt this is what drove Ravencoin (RVN)’s price higher.

An imminent listing for an altcoin seen as one of the best minable tokens today meant bulls were in control within hours of the announcement.

Data from CoinMarketCap shows the token’s price more than doubled in value as it rose from lows of $0.010 to $0.027.

While a bit of profit taking had it pare these gains, the price remained more than 64% up in 24 hours, with intraday volume skyrocketing 4,255% to over $399 million.

RVN price outlook

In addition to the Upbit listing, Ravencoin is resurging amid a fresh spike in bullish sentiment related to mineable proof-of-work coins.

Recently, the Ravencoin team posted on X that RVN is currently seeing fresh interest from miners.

With its KAWPOW algorithm designed to resist ASIC dominance and encourage decentralized participation, many unable to mine BTC and other top coins are flocking to Ravencoin mining.

This mining momentum, paired with the Upbit listing, could catalyse bullish momentum for RVN’s price. A retest of $0.027 is possible.

The technical outlook nonetheless has the Relative Strength Index (RSI) in overbought territory, which suggests a potential short-term pullback.

On the other hand, the Moving Average Convergence Divergence (MACD) shows a bullish crossover, indicating a likely upward continuation.

In this case, Ravencoin’s price could revisit the $0.014-$0.013 area for support. Demand reload at this level and a successful retest of $0.02 could aid an upward flip. RVN price hit highs of $0.034 in early December 2024.

On the downside, profit taking could see RVN price retest $0.010 and potentially April 2025 lows of $0.009.

The post Ravencoin price soars 150% amid Upbit listing appeared first on CoinJournal.

Ravencoin price soars 150% amid Upbit listing

Source: https://coinjournal.net/news/ravencoin-price-soars-150-amid-upbit-listing/

Pi Network Migration: Key Developments

The transition to an open Mainnet was finalized on March 14, 2025, requiring users to complete KYC verification to secure their mined coins. Here’s a quick summary:

Why Pi Network’s Mainnet Migration Matters

• Enhanced Security: Strengthened blockchain integrity to prevent fraud.
• Smart Contract Capabilities: Developers can build and deploy dApps.
• Real-World Utility: PI Coin is now usable in payments, DeFi, and app integrations.
• Potential Exchange Listings: Successfully migrated blockchains often attract top-tier exchanges like Kraken and Crypto.com.

PI Coin Price Forecast: Bullish vs. Bearish Scenarios

Bullish Predictions

• It secures major exchange listings (e.g., Binance, Coinbase).
• Adoption grows via strategic partnerships and merchant integrations.
• Technical improvements address decentralization and scalability issues.

Bearish Risks

• Delayed exchange listings and liquidity shortages.
• Regulatory scrutiny in key markets like the U.S. and EU.
• Competition from established cryptocurrencies like Bitcoin and Solana.

How to Use PI Coin in 2025

• Hold: Await potential listings and future price appreciation.
• Transact: Use PI Coin in Pi’s App Marketplace or for P2P payments.
• Stake: If enabled, staking could allow users to earn rewards.

Caution: Beware of scams—never pay for “priority” migration or fake exchange listings.

5 Challenges Pi Network Must Overcome

1. Centralization Concerns – Critics argue the core team holds excessive control.
2. Liquidity Issues – Limited trading options make price discovery difficult.
3. Technical Barriers – Users report migration errors and slow transactions.
4. Regulatory Risks – Governments may impose restrictions on mobile-mined tokens.
5. Ecosystem Expansion – More dApps and real-world use cases are needed to compete with Ethereum and Cardano.

Pi Network’s 2025 Roadmap: What’s Next?

• Q2 2025: Exchange partnership discussions and developer grants.
• Q3 2025: Smart contract launch to support DeFi and NFT projects.
• Q4 2025: Expansion of merchant partnerships to increase PI Coin’s real-world adoption.

FAQs: Everything You Need to Know

1. When will PI Coin be listed on exchanges?

No official confirmation yet, but experts speculate late 2025 if adoption accelerates.

2. Is Pi Network a scam?

Unlikely—it’s a legitimate project, but concerns about centralization persist.

3. Can I sell PI Coin now?

Only through P2P platforms; avoid unregulated exchanges claiming to offer “pre-listings.”

4. How does Pi mining work post-migration?

Mining continues via the app, but rewards may decrease as supply stabilizes.

Pi Network’s Mainnet migration is a major step toward decentralization, but PI Coin’s future depends on resolving technical, regulatory, and adoption challenges. While exchange listings and ecosystem growth could propel prices higher, investors should stay cautious amid market volatility.

What Happened with Pi Network Coin?

Pi Network Coin, the latest cryptocurrency to make waves in the market, has surged by an impressive 36.77% in just 24 hours, reaching a price of $2.58. This remarkable growth comes at a time when the global cryptocurrency market is experiencing significant fluctuations, with Bitcoin, the world’s largest cryptocurrency, trading below $85,000—a 20% drop from its January peak of $109,350.

What Is Pi Network Coin?

Pi Network is a Web3 blockchain project that stands out for its unique approach to cryptocurrency mining. Unlike Bitcoin, which requires expensive and energy-intensive mining equipment, Pi Network allows users to mine its cryptocurrency directly from their mobile phones. This innovative feature has made Pi Network Coin particularly appealing to a broader audience, especially those new to the crypto space.

Why Is Pi Network Coin Rising?

The recent surge in Pi Network Coin’s value can be attributed to several factors:

• Increased Adoption: As more users join the Pi Network ecosystem, the demand for the coin has grown significantly.
• Market Sentiment: The cryptocurrency market is highly volatile, and positive sentiment around new projects like Pi Network can lead to rapid price increases.
• Unique Mining Model: The ability to mine Pi coins on mobile devices has attracted a large user base, contributing to its growing popularity.

Key Metrics to Know

• 24-Hour Trading Volume: As of 12:58 PM on Thursday, the trading volume surged by 169.8% to $3.34 billion.
• Circulating Supply: The current circulating supply stands at 10.154 billion coins, according to CoinGecko.com.

How to Buy Pi Network Coin

If you’re interested in investing in Pi Network Coin, here’s a quick guide to get started:

1. Download the Pi Network App: Available on both iOS and Android, the app allows you to mine and manage your Pi coins.
2. Create an Account: Sign up and start mining Pi coins directly from your phone.
3. Exchange Platforms: Once Pi Network Coin becomes available on major cryptocurrency exchanges, you can purchase it using other cryptocurrencies or fiat money.

Final Thoughts

The rapid rise of Pi Network Coin highlights the growing interest in innovative blockchain projects that prioritize accessibility and user-friendliness. While the cryptocurrency market remains unpredictable, Pi Network’s unique approach to mining and its recent performance make it a project worth watching.

What is Pi Network?

Pi Network is a groundbreaking cryptocurrency project developed by a team of Stanford graduates. Unlike traditional cryptocurrencies like Bitcoin, which require significant computational power and energy for mining, Pi Network allows users to mine coins directly from their smartphones using a mobile app. This innovative approach has attracted over 60 million users worldwide since its launch on Pi Day (March 14, 2019).

The network operates on a unique consensus algorithm called the Stellar Consensus Protocol (SCP), which is faster, more energy-efficient, and environmentally friendly compared to the traditional Proof-of-Work (PoW) mechanism used by Bitcoin. SCP relies on a decentralized network of trusted nodes to validate transactions, eliminating the need for energy-intensive mining processes.

The Vision Behind Pi Network

The primary goal of Pi Network is to democratize access to cryptocurrency mining, making it available to everyday users without the need for specialized hardware or technical expertise. By leveraging mobile technology, Pi Network empowers its users, known as “Pioneers,” to earn Pi coins simply by engaging with the app and contributing to the network’s security.

Dr. Nikolas Kokkalis, the founder and head of Pi Network, envisions a future where blockchain technology is accessible to billions of people. His mission is to bridge the gap between complex blockchain systems and everyday users, creating a more inclusive digital economy.

How Does Pi Network Work?

Pi Network’s innovative approach is built on the Stellar Consensus Protocol (SCP), which differs significantly from traditional blockchain mechanisms. Here’s how it works:

1. Trust-Based Validation: Instead of relying on energy-intensive mining, SCP uses a network of trusted nodes to validate transactions. Each user selects a group of trusted nodes (known as “quorum slices”), and transactions are approved only when these nodes reach a consensus.
2. Security Circles: Users form “security circles” of 3-5 trusted individuals, creating a global web of trust that prevents fraudulent transactions.
3. Energy Efficiency: Unlike Bitcoin, which consumes vast amounts of energy, Pi Network’s SCP is designed to be lightweight and sustainable, making it an eco-friendly alternative.

Who is Dr. Nikolas Kokkalis?

Dr. Nikolas Kokkalis is a Greek computer scientist, entrepreneur, and the driving force behind Pi Network. Born on March 19, 1984, in Athens, Greece, Kokkalis has an extensive academic background, including a Ph.D. in Computer Engineering from Stanford University and a Master’s degree in Computer Science from the University of Crete.

During his time at Stanford, Kokkalis taught the university’s first course on decentralized applications (CS359B), demonstrating his commitment to advancing blockchain technology. Before founding Pi Network, he contributed to various research projects, developed early frameworks for smart contracts, and created social applications with over 20 million users.

Kokkalis’ vision for Pi Network is to combine distributed systems with human-computer interaction, bringing the power of blockchain to the masses. His dedication to creating a user-friendly and sustainable cryptocurrency has positioned Pi Network as a potential game-changer in the crypto space.

What Does the Launch of Pi Mean for the Market?

The transition of Pi Network from a closed ecosystem to an open, decentralized network is a significant step forward. This move will enable:

1. External Wallet Transfers: Pioneers will be able to transfer Pi coins to external wallets, facilitating real-world transactions.
2. Exchange Listings: Pi coins are expected to be listed on major cryptocurrency exchanges like Binance and OKX, increasing their liquidity and market value.
3. Decentralized Applications (dApps): The open network will support a wider range of dApps, expanding Pi’s utility beyond simple transactions.

The Evolution of Pi Network: From Beta to Mainnet

Pi Network’s journey has been carefully structured into several phases:

1. Beta Phase (2019): The project began as a mobile app focused on building a community rather than facilitating real transactions.
2. Testnet Phase (2020): Developers and early users tested the blockchain’s stability and performance, laying the groundwork for future scalability.
3. Closed Network (2021-Present): During this phase, Pi transactions were limited to a controlled environment, allowing the team to implement Know Your Customer (KYC) verifications and refine the network’s technology.
4. Open Network (Starting February 20, 2025): The upcoming open network phase will remove existing barriers, enabling external connectivity and unlocking Pi’s full potential.

Dr. Kokkalis’ Statement on the Launch

In a recent social media post, Dr. Kokkalis shared his excitement about Pi Network’s transition to an open network:

“The transition to the Open Network will enable external connectivity to the Mainnet blockchain, allowing Pi to integrate with other compatible networks and systems. This means Pioneers will be able to participate in transactions beyond the Pi ecosystem, expanding Pi’s utility and reach.”

Why Pi Network Matters

Pi Network represents a shift towards a more inclusive and sustainable cryptocurrency ecosystem. By making mining accessible to anyone with a smartphone and reducing the environmental impact of blockchain technology, Pi Network is paving the way for a new era of digital currencies.

As the project moves into its open network phase, the potential for Pi to become a widely traded and utilized cryptocurrency is immense. With its innovative technology, strong community, and visionary leadership, Pi Network is poised to make a lasting impact on the world of blockchain and beyond.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or recommendations.

Pi Network’s Vision and Community Growth

Pi Network envisions building the world’s most inclusive peer-to-peer ecosystem and online experience, fueled by its proprietary cryptocurrency called Pi [1]. Unlike many other blockchains, Pi Network focused on community building even before launching its mainnet blockchain. Since Pi Day in 2019, the community, known as “Pioneers,” has grown to more than 35 million members across 230 countries or regions [1].

Inclusive Mining Mechanism

One of the unique aspects of Pi Network is its environmentally friendly mining mechanism. Pioneers can mine Pi directly on their mobile phones through a novel approach, ensuring the efficient use of resources. This mechanism sets Pi Network apart from traditional proof-of-work blockchains, which consume significant energy resources. By enabling mining on mobile devices, Pi Network aims to make mining accessible to everyday people, thereby addressing the centralization and inaccessibility issues associated with traditional mining [3].

Pi KYC Solution: Security and Scalability

To facilitate the migration of Pioneers to the mainnet blockchain, Pi Network introduced its proprietary KYC (Know Your Customer) solution. The Pi KYC solution combines machine automation and crowdsourced, hyperlocal human verification to ensure secure, scalable, and efficient KYC processes [1]. Over 649,000 human validators from 224 countries or regions have participated in KYC-ing more than 2 million Pioneers to date [1]. This unique approach was born out of the need for scalability, financial accessibility, and global reach, setting Pi Network apart from other third-party market solutions.

The Transition to Mainnet: Apps and Peer-to-Peer Ecosystem

With the successful migration of over one million Pioneers to the mainnet blockchain, Pi Network is on track to realize its vision of a peer-to-peer ecosystem. Alongside the migration of Pi balances from the mobile app to the blockchain, various apps within the Pi Network ecosystem are also set to transition from testnet to mainnet. This transition will enable these apps to tap into a large network of users who have passed KYC and are ready to engage with cryptocurrencies [1]. The growing network of users, coupled with Pi Network’s commitment to inclusivity and accessibility, positions it as a promising crypto-enabled social network.

Rewards and Longevity

At mainnet, Pioneers will be rewarded for their contributions to the growth and security of the network. Pioneer rewards will be diversified to encourage diverse and in-depth contributions related to app usage, node operation, and Pi lockup. Pre-mainnet Pioneers, along with new members joining the network, will continue to contribute to Pi mining rewards, ensuring the growth and longevity of the network [1].

Pi Network’s journey from its inception to the successful migration of over one million Pioneers to the mainnet blockchain showcases its commitment to building an inclusive and innovative crypto ecosystem. By prioritizing community engagement, utilizing an environmentally friendly mining mechanism, and implementing a unique KYC solution, Pi Network has established itself as a promising player in the blockchain space. With its vision of creating the world’s most inclusive peer-to-peer ecosystem, Pi Network aims to provide accessibility and drive the adoption of cryptocurrencies worldwide.

References:
[1] Pi Network Conducts One of the Largest Blockchain Migrations in Cryptocurrency History. Retrieved from: https://finance.yahoo.com/news/pi-network-conducts-one-largest-123000732.html?fr=sycsrp_catchall
[3] Pi Network: Where the “Mining” Never Stops – and Looks Like It Never Will! Retrieved from: https://coinmarketcap.com/alexandria/article/pi-network-where-the-mining-never-stops-and-looks-like-it-never-will

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