Amidst the significant crash in the crypto market over the past few days, Pi Network’s native token – PI – has been performing impressively, continuing to maintain its strong growth momentum. A few hours ago, PI’s price hit a new high of over $1.93 before correcting to its current level of $1.9. This represents an impressive 21% increase from yesterday.
PI’s Remarkable Growth
Pi Network has been one of the hottest topics in the crypto community over the past few days, especially as PI’s value continues to prove its solidity. Many industry experts believe that this could just be the beginning of a larger price surge in the near future.
X user, GEM HUNTER, has predicted that PI’s value could hit $10 by the end of April this year. The prediction is based on expectations of potential support from Binance exchange – the world’s largest trading platform. Binance recently held a community vote to decide whether to list Pi on the platform. So far, more than 85% of voters have voted “yes”, and the official results will be announced on February 27.
Support from experts
Justin Wu, a well-known market analyst, also believes that the possibility of listing PI on Binance could bring a new wave to the token. Wu commented that recently, PI has outperformed many prominent cryptocurrencies such as Bitcoin (BTC), Solana (SOL), and Ethereum (ETH).
“Pi’s Binance launch is approaching. This could be its time to shine and attract attention. That’s PiTime.”
PI Price Chart | Source: Coingecko
In addition to Binance, several popular exchanges such as Bitget, OKX, and MEXC have also started offering trading services with PI, which further strengthens the community's belief in the positive prospects of this token.
Still controversial
Although Pi Network is attracting attention with impressive growth figures, the project is not without controversy. Pi Network has been a controversial topic in the crypto community, with many people doubting the transparency and development of this project. The delays and extensions have left many community members feeling frustrated, especially when there is not much clear information about the next steps of Pi Network.
One of the strongest critics of Pi Network is Ben Zhou, CEO of Bybit exchange. He recently called Pi Network a scam and affirmed that Bybit will never list the PI token. However, after these comments, Bybit fell victim to a major hack, with losses amounting to billions of dollars. Notably, the timing of the hack coincided with PI's strong growth momentum, leading some in the crypto community to start making related theories. X user Crypto King sarcastically suggested that there might be a hidden connection.
The Future of Pi Network: Promising or Uncertain?
With its recent meteoric rise and optimistic predictions from the crypto community, PI is expected to continue to rise strongly. However, like any other crypto project, Pi Network still faces doubts and challenges. The decision to list PI on major exchanges like Binance could be an important factor that will help shape the future of this token.
However, the community still needs to carefully monitor the developments of Pi Network, to see whether this project is truly strong and sustainable or just a temporary phenomenon in this volatile market.
