The crypto and stock markets are experiencing a resurgence of optimism, with fear and greed indices moving into the green zone. This shift in sentiment has sparked hope that Pi Coin will finally exit its enclosed mainnet this year, potentially leading to a long-awaited listing. As the market awakens from its slumber, Pi Network pioneers may soon have the chance to cash out their hard-earned tokens.

The return of "animal spirits" in the markets is fueled by encouraging US inflation data, which showed a drop in both headline and core Consumer Price Index (CPI) for the first time in six months. This has led investors to hope for interest rate cuts by the Federal Reserve later this year, as the economy slows down. Retail sales and manufacturing output continue to decline, but investors are now embracing risky assets with renewed enthusiasm.

The CNN Money fear and greed index has soared into the greed zone, reaching 62, while the crypto fear and greed index has jumped to 61. US stock indices, including the Dow Jones, Nasdaq 100, and S&P 500, have surged to record highs. Cryptocurrencies are also experiencing a sharp upswing, with the total market cap reaching $2.4 trillion. Bitcoin has risen to $66,200, and Ethereum has soared above $3,000.

The revival of the crypto bull run could fulfill one of the three conditions set by Pi Network for exiting its enclosed mainnet. The other two conditions are ecosystem growth and progress on KYC verification. With 10 million users already verified and new KYC liveness checks in place, the developers are making strides towards achieving these goals. The ecosystem is also gaining traction, with popular apps like Pi Browser and Fireside Forum contributing to Pi Coin's utility. If the mainnet launch finally happens, it will be a welcome milestone for pioneers who have been mining Pi Coin for over five years.