PI Network is once again making waves in the crypto space, with a potential rally to $300 in sight. A recent major listing on MEXC Exchange, growing optimism over its mainnet launch, and a Binance voting poll for a potential listing are fueling bullish sentiment around the token.
PI Network Secures Major MEXC Listing
The MEXC Exchange has announced plans to list PI Network (PI) for pre-market trading, allowing investors to buy and sell the token before its official exchange listing. As per MEXC’s update, pre-market trading commenced on February 19 at 4:00 UTC, providing traders an opportunity to set preferred prices and execute early trades.
This development is expected to enhance PI Network’s visibility, liquidity, and trading activity. However, market participants should exercise caution, as PI Network’s long-term sustainability will depend on fundamental factors and overall market conditions.
Binance Voting Update & Mainnet Launch Hype
Binance, one of the world’s leading crypto exchanges, has initiated a voting poll to gauge user interest in listing PI Network. Reports suggest that over 85% of the votes favor the listing, signaling strong market demand. If Binance proceeds with listing PI Network, it could significantly boost the token’s exposure and trading volume, potentially driving prices higher.
Adding to the excitement, PI Network’s much-anticipated Open Network mainnet launch is scheduled for February 20 at 8:00 UTC. OKX, another major exchange, was the first to extend support for PI’s mainnet launch, further amplifying investor interest. With growing adoption, more exchanges may follow suit.
Also Read: Pi Coin Price Set to Skyrocket? Mainnet Launch and Binance Poll Ignite Hype
Can PI Network Price Hit $300?
Despite a 15% dip, bringing PI’s price down to $73.47 at the time of writing, the token has gained approximately 73% over the last 30 days. Analysts and influencers are now speculating a further rally. A Web3 influencer, “VictorICP,” has predicted a surge to $314, reinforcing bullish market sentiment.
However, technical analysis suggests that if PI Network fails to hold above its 50-day moving average, the price could drop to key support at $33.82. Given the volatility, investors are advised to conduct thorough research before making investment decisions.
The coming days will be crucial for PI Network as it navigates major exchange listings, its mainnet launch, and increasing investor interest. A Binance listing could be a game-changer, while continued exchange support may fuel further growth. Traders and investors are advised to monitor developments closely as the PI Network story unfolds.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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