Pi Coin, a digital asset that has been generating significant buzz in the cryptocurrency space, is currently facing a downturn. After a notable 31% drop in the past week, the Pi Network price today stands at approximately $1.16, well below its previous highs.
Despite this dip, there may be an opportunity for investors, particularly if Pi cryptocurrency continues its upward momentum in the long term. With speculation about potential listings on major exchanges, including Pi Network’s rumored entry into Binance, there could be potential for future growth.
As of now, Pi Coin is trading at around $1.16, just below the important resistance level of $1.20. This level will be crucial for determining the future direction of Pi Coin’s price. If the Pi Network price manages to break above $1.20 and maintain momentum, we could see the Pi crypto value moving toward $1.40 or even $2. However, failure to hold above this threshold could lead to a further decline to the $1.05–$1.02 range.
Pi Network Coin price was holding inside the symmetrical triangle pattern around $1.17 at press time. Source: TradingView
Despite the short-term challenges, Pi cryptocurrency remains a popular asset in the market, with an engaged community continuing to support the project. Pi mining remains active as users participate in the growing ecosystem, hoping for future rewards from the Pi Network coin.
One of the most significant developments in recent days has been Binance’s decision to exclude Pi Network from its “Vote to List” campaign. Binance, the world’s largest cryptocurrency exchange, introduced this initiative to allow users to vote on which projects should be listed on the platform. However, Pi Coin was not included due to its blockchain running independently, not on the BNB Smart Chain.
The message criticizes the exchange for not honoring a previous vote supporting Pi Coin’s listing and urges them to fulfill their promises before starting new votes. Source: PiNewsGlobal via X
Binance made it clear that the promotion was particularly for BNB Smart Chain-based projects alone, basically excluding Pi Network Coin, which operates on its own blockchain. The exclusion dashed the expectations of Pi community members who had been hopeful of listing Pi Network on Binance. However, there are some cryptocurrency users who are hopeful that Pi Coin may be listed directly in the future through a direct listing that is not subject to a vote.
As the Pi Network market keeps expanding and its ecosystem matures, the Pi value cryptocurrency could receive a significant boost if it is eventually listed on a major exchange. Binance’s move may only be a temporary setback for Pi cryptocurrency, with future exchange listings, including Pi Coin Binance, still on the horizon.
Though Pi Coin has seen its value dip from an all-time high of $3, several factors could propel its price back toward that peak—or even higher. Analysts suggest that the value of Pi Coin could reach as high as $10 under certain market conditions. Here are some potential catalysts:
Despite the bearish market, Pi is expected to rise, potentially reaching $10 after a Binance listing by the end of April. Source: Gem Hunter via X
Despite its current price struggles, Pi Coin has a lot going for it. With growing adoption, continued Pi mining activity, and the possibility of future exchange listings, the Pi Network coin price could see significant gains in the near future. The Pi Network news surrounding its ongoing developments continues to fuel optimism for the token’s long-term potential.
Pi appears to be approaching a breakout from the symmetrical triangle pattern, with the potential for movement in either an upward or downward direction. Source: PropTradePros on TradingView
Experts suggest that the value of Pi Coin could rise substantially if these catalysts align. If the Pi Network exchange situation improves, and Pi Coin gets listed on major platforms like Binance and Coinbase, the market could see a surge in Pi Network trading volume. This would ultimately push Pi Coin value to new levels, potentially making $10 a reachable target.
Pi Coin’s recent decline of 31% can turn out to be a buying opportunity for prospective investors willing to enter the market when it is at a low. Even though the current value of Pi currency is lower than its all-time high, the future potential is vast. With such forces as the rally in the crypto market, token burn policies, ETF listings, and exchange listings, Pi cryptocurrency can experience massive growth.
For investors looking to buy Pi Coin, present market conditions may represent the ideal time to get ahead of the price potentially increasing. As the price of Pi Network continues to evolve, investors should stay current with Pi Coin news and market developments to capitalize on future possibilities.
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