The Pi Network (PI) token surged over 70% in the past 24 hours, pushing its market cap to $16 billion and trading volume to $2.3 billion. The price hit a new all-time high above $3, but high volatility and technical indicators suggest a potential correction. What’s next for one of the most controversial tokens? Let’s analyze.
PI Holds Strong Despite Market Correction
PI has maintained its position despite the overall market downturn, with daily trading volumes consistently exceeding $200 million. However, concerns remain about its long-term sustainability due to high token inflation.
Community Awaits Binance Listing
Pi Network remains in the spotlight due to a potential Binance listing. With 16 hours left in the vote, 86% of participants support listing PI. However, the final decision remains with Binance.
Analysts warn that if Binance declines the listing, PI’s price could drop sharply below $1.50.
Interest in Pi is also growing ahead of Pi Day (March 14), when the project team is expected to make significant announcements. Additionally, Pi’s official X account has surpassed Ethereum in followers, making it the fourth most popular crypto project on the platform.
Pi Network Expands Beyond Crypto
Pi Coin is gaining traction in real-world applications. In Florida, real estate can now be purchased with PI, and Cube Motor has reportedly begun accepting the token for car purchases.
Real estate agency Zito Realty, founded by producer and actor James J. Zito, has also integrated PI into property transactions. Experts believe these moves could increase trust in the token and strengthen its position as an alternative payment method.
Criticism and Risks of Pi Network
Despite its real-world adoption, Pi Network remains a controversial project. Bybit CEO Ben Zhou called it a “scam” and warned users about the risks.
“Many scammers use Pi, claiming it can be mined for free just by downloading an app,” Zhou stated.
He also ruled out a Bybit listing for PI, recalling his experience in Forex markets, where elderly investors frequently protested to reclaim lost money.
Currently, PI is listed on around 10 exchanges, including OKX, HTX, BitMart, and LBank. The full list is available on Coinmarketcap.
PI Price Prediction
After hitting a new ATH above $3, PI has since corrected. At the time of writing, it trades around $2.34. However, if Binance lists the token, analysts predict a price surge up to $5.
Possible Scenarios:
✅ Increased Liquidity — Millions of new traders gain access to PI.
✅ Legitimacy Boost — Binance listing could enhance trust in the project.
✅ Technical Breakthrough — PI has broken $1.72 resistance, with the next targets at $2.20 and $3.00.
However, if Binance rejects the listing, the opposite effect could occur.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.