Will Binance Listing Propel Pi Network to New Heights?
There's a lot of buzz around Pi Network right now, and for good reason. After launching its mainnet , Pi has gained significant momentum, with its price surging from a low of $0.6156 in February to nearly $1.80 in March—a massive 190% increase . But the big question on everyone's mind is: Will Pi Network get listed on Binance? And if it does, what impact will that have on its price?
Pi Network has faced skepticism in the past, with some questioning whether it was a legitimate project or just another crypto experiment. However, its resilience post-mainnet launch has proven many doubters wrong. The project has amassed a massive user base, and its daily trading volume surpasses $800 million —a clear sign that investors are paying attention.
One of the most exciting possibilities for Pi Network is the potential for an ETF (Exchange-Traded Fund) . With a market cap of over $13 billion , Pi is already larger than some well-known cryptocurrencies like Litecoin (LTC), Stellar (XLM), and Hedera (HBAR) —coins that have already received ETF applications. If Pi were to be included in an ETF, it could attract even more institutional investors and drive prices higher.
Now, let's talk about exchange listings. While Pi has already secured listings on OKX, Bitget, MEXC, and Gate.io , some of the biggest names in the crypto space— Binance, Coinbase, Upbit, Crypto.com, and Kraken —are yet to add Pi to their platforms. However, there are strong indications that Binance may be considering it. A recent Binance community poll showed that the majority of participants were in favor of listing Pi, which has fueled speculation that an official announcement could be coming soon. If Binance does decide to list Pi, it could trigger a significant price surge, as we’ve seen with other newly listed tokens.
But, there’s a catch— token unlocks . Currently, the circulating supply of Pi is only 7 billion , compared to a maximum supply of 100 billion . Over 1.4 billion new tokens are expected to be released into the market this year alone. This increase in supply could put downward pressure on the price, making it harder for Pi to sustain high valuations in the short term.
Also Read:- Europe's Emergency Summit: Strengthening Support for Ukraine Amid Uncertainty
- Wave of Russian Strikes Devastates Ukraine, Leaving Dozens Dead and Injured
From a technical standpoint, Pi recently hit a high of $2 before pulling back to $1.80 . The charts indicate a rising wedge pattern , which is typically a bearish signal. If Pi fails to break above the $2 resistance level , we could see a pullback to the $1.533 support level . However, if it manages to break out above $2 , it could open the door for further upside movement .
So, what’s next for Pi Network? If Binance and other top-tier exchanges decide to list Pi, we could witness a massive price rally fueled by new investors and increased liquidity. However, token unlocks remain a concern, and traders should keep an eye on market trends before making any big moves. One thing is for sure— Pi Network is no longer just a speculative project. It’s a serious player in the crypto world, and its next move could be game-changing.
Title: Will Binance Listing Push Pi Network to New Heights?
Lately, there's been a lot of buzz around Pi Network , and for good reason. The once-controversial project, often dismissed as a scam, has been proving its critics wrong. Since its mainnet launch in February , Pi Network has seen a dramatic price surge, jumping nearly 190% from its lowest point . Currently, it's trading around $1.80 , and investors are wondering: what’s next?
One major factor driving excitement is the possibility of a Binance listing . Pi Network is already available on major exchanges like OKX, Bitget, MEXC, and Gate.io , but a Binance listing would be a game-changer. Recently, a community poll showed overwhelming support for Pi to be listed on Binance, and if that happens, we could see a significant price boost. More exposure, more liquidity, and higher demand —that’s what a Binance listing could mean for Pi Network.
Another reason investors are paying attention is Pi’s growing reputation as a serious crypto project . For a long time, many questioned its legitimacy, but its resilience after the mainnet launch has strengthened trust in the project. With a market cap exceeding $13 billion , Pi Network is now larger than some well-established coins like Stellar (XLM), Litecoin (LTC), and Hedera (HBAR) . This has even sparked speculation that Pi could become a candidate for a spot ETF , which would attract even more institutional investors.
However, it’s not all smooth sailing. There’s one major concern looming over Pi’s price: token unlocks . Unlike Bitcoin, which has a fixed supply, Pi Network is still releasing new tokens into circulation. Over 1.4 billion new tokens are expected to be unlocked this year , which could lead to inflation and price dilution . If demand doesn’t keep up with supply, this could put downward pressure on the price.
Right now, Pi Network is sitting at a crucial price level . It recently pulled back to $1.80 after briefly touching $2.00 , forming a bearish wedge pattern on the charts. If the price drops below $1.53 , we could see further declines. On the flip side, a break above $2.00 would invalidate the bearish outlook and could set the stage for a new rally.
So, what’s the bottom line? Pi Network is at a turning point . A Binance listing could fuel a breakout , while token unlocks remain a potential threat. As always, crypto is unpredictable, and only time will tell where Pi Network is headed next. But one thing’s for sure— all eyes are on Pi right now .
Read More:
0 Comments