Pi Coin has seen a price increase recently, rising from around $1.20 to $1.74 in just 24 hours, marking a 70% surge. This surge is attributed to growing speculation that Binance will announce a listing of Pi Coin on March 14th, Pi Day. As a result, there has been increased buying pressure as investors anticipate major developments for the cryptocurrency. As Pi Day approaches, keep an eye on developments that could drastically impact Pi’s price and an analyst has explained possible price movements.
Optimistic Outlook: If Pi is listed on Binance, we could see an explosive rally. Pi might break its previous all-time high of $3 and surge to the $4 to $4.50 range within days. If the market sees Pi as a key player in the crypto space, it could even reach $7 to $10 in the short term.
Balanced Scenario: A more modest rally could see Pi hit around $3.14 on Pi Day. This would be driven by the excitement of new exchange listings, creating a solid support level for future growth.
Cautious Scenario: On the flip side, Pi could face a correction after initial excitement fades. In this case, Pi might only reach around $3 or even fall back to $2. This would reflect a typical crypto market correction.
What sets Pi apart from other cryptocurrencies is its community and mobile mining capabilities. Unlike traditional cryptocurrencies that require expensive hardware and high energy consumption, Pi allows users to mine using their smartphones, offering an eco-friendly alternative. This unique approach, combined with strong community support, could position Pi as a significant player in the digital currency space.
At the time of writing, Pi Coin is down by more than 3% and is trading at $1.67.
If the bullish sentiment sustains, this altcoin could reach as high as $80 this year.
Pi Network received 88% community support in Binance’s new voting model. If Binance follows its listing process, Pi Network could be listed soon.
As Taiwan deals with growing global inflation and geopolitical risks, lawmakers are now raising a…
The crypto market is on fire as Bitcoin price smashes past $100,000, reigniting talks of…
Story Highlights The live price of the PEPE meme coin is . Pepe coin price…
Cardano’s price action has swiftly changed over the past few days, pointing towards a change…
Bitcoin is back in beast mode. After weeks of sharp price swings, the world’s largest…
Bitcoin is showing bullish signs as it climbs back above the important $100k mark. Trade…