Pi Network has gained notable traction from the market participants since its mainnet launch last week. Notably, the crypto has also made headlines due to major listings from multiple exchanges and other key developments. Amid this, the PI coin targets Bitcoin, DOGE, and BNB to become the most followed cryptocurrencies on X, after surpassing Ethereum.
So, here we explore the developments in detail and see what lies ahead for the crypto.
Pi Network Competes With BTC, DOGE, & BNB
Pi Network has been making waves in the crypto market since its mainnet launch last week, with multiple exchange listings and other significant developments. In a recent milestone, Pi Coin’s official X account surpassed Ethereum to enter the top 5 most followed cryptocurrencies globally.
Source: Pi Network News Global 𝛑, X
According to a recent X post, Pi now trails behind only three cryptocurrencies in terms of followers:
BNB (Binance) – 14 million
Bitcoin – 7.5 million
Dogecoin – 4.3 million
Pi Network – 3.9 million
This impressive growth has sparked speculation about Pi’s future prospects. As the network continues to gain traction, investors are eyeing potential opportunities. With its sights set on surpassing Bitcoin, DOGE, and BNB, Pi Network is undoubtedly a crypto to watch in the coming weeks and months.
What Lies Ahead For Pi Network Price?
The Pi Coin value today was down nearly 6% and traded at $1.50 and its one-day trading volume slumped 35% to $1.12 billion. Notably, the crypto has hovered between the $1.70 and $1.34 range in the last 24 hours.
However, despite the waning price action, experts remain bullish on the future trajectory of the coin, sparking market optimism. Notably, in a recent X post, a renowned market pundit predicts PI Network’s potential to hit $3.4 ahead.
Here’s Why Pi Coin Is Gearing Up For A Major Rally
Renowned market expert Kim H Wong has predicted that Pi Coin’s price could skyrocket to $3.14 in the near term. According to Wong on X, several factors are contributing to this potential surge, which are:
Trading volumes have increased significantly since Pi Coin’s listing, indicating the entry of big capital.
The coin’s massive price movement (over 101% increase) has attracted traders.
Listings on major exchanges like OKX, MEXC, and GateIO have increased Pi Coin’s appeal and driven buying activity.
The anticipated listing on Binance, the largest centralized exchange, is expected to further boost Pi Coin’s price.
The coin’s price chart has formed a bullish Cup and Handle pattern, which is breaking out and expected to drive the price up.
Wong believes that these factors would serve as key catalysts for Pi Coin’s price in the near term. According to him, Pi will challenge its previous high of $2.20 in the short term and eventually target the $3.14 mark. Besides, a recent report indicates that Pi Coin’s price can surpass XRP’s value following Binance’s listing.
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