Pi Coin Price Prediction: Will Pi Network Continue Its Climb to $1?

Pi Coin has shown growth over the past 24 hours, inching closer to the $1 mark after hitting lows of $0.86. The digital currency is now trading at $0.99

Pi Coin (PI) has shown impressive growth over the past 24 hours, inching closer to the $1 mark after hitting lows of $0.86. The digital currency is now being traded at $0.99, not able to fully claim the $1 level, and showing a gain of more than 5% in the last day.

As the cryptocurrency world continues to buzz with activity, Pi Network has been a subject of interest for many. Especially after hitting a low of $0.86, it has shown resilience, recovering to $0.98, where it now trades. This marks a noteworthy gain of more than 5% within 24 hours.

Its Next Target: $1.35, but $1.20 Stands as a Major Hurdle

Breaking through the critical juncture at $1.20 will be crucial for Pi Coin to continue its upward trajectory. A successful breakout could propel the coin towards the next key resistance at $1.35. However, the road ahead is far from easy as Pi has shown signs of volatility.

If it manages to sustain momentum and surpass the $1.90 mark, analysts believe a substantial rally to $3 could be on the cards.

Market Cap Drop: Pi Coin’s Recent Struggles

In the past week, Pi Coin’s market position has been shaky, slipping dramatically from the 11th to the 21st spot by market cap. This steep decline is a cause for concern, highlighting the challenges that Pi faces in maintaining its standing. However, despite this setback, Pi still holds potential for recovery and could regain lost ground.

Binance Snub: Could it Affect Pi’s Growth?

One of the major contributing factors to Pi’s recent market dip is Binance’s decision not to include Pi Coin in their latest listing vote. Binance ran a poll, and an overwhelming 86% of participants voted in favor of listing Pi.

Despite this widespread support, Binance is yet to make any move to list Pi, and this delay may be costing both parties in terms of trading volume and revenue. According to analyst Kim Wong, “Pi’s average 24-hour trading volume is around $500 million, a significant sum that Binance could be generating.”

Binance’s Dilemma: Trust Issues and Internal Struggles

Wong further speculated that Binance might be purposely delaying Pi’s listing due to internal issues that they need to quickly resolve in order to build trust with the community. He suggests that Binance has been facing difficulties with investors due to cancelled listings and a lack of transparency.

According to him, “They are trying to regain the public’s trust, which is why they are focusing on coins with strong community support, like Pi.” He continues, “They have the volume; they have the interest; and they have the voter turnout. It’s up to Binance to decide when they want to capitalize on this opportunity.”

But ultimately, crypto enthusiasts believe that Pi’s listing on Binance is a matter of ‘when,’ not ‘if.’ There’s no need for frantic demands or Count down for Binance to list Pi.