Pi Network Coin has been making waves in the crypto market, recently breaking through the $1.50 resistance level and eyeing a potential retest of $1.80.
With growing investor enthusiasm, speculation about a Binance listing, and potential ecosystem upgrades, Pi cryptocurrency has emerged as one of the top-performing digital assets in recent days.
Pi Network Price Rallies—What’s Fueling the Momentum?
The Pi Network price has climbed over 15% in the last 24 hours, reaching above $1.60. This surge has pushed its market capitalization above $11 billion, making it the 12th-largest cryptocurrency—overtaking major altcoins like Hedera (HBAR), Stellar (XLM), and Shiba Inu (SHIB).
Pi Network Coin price broke the $1.50 resistance and holds steady above the $1.65 level. Source: TradingView
Several factors seem to be driving this price movement. One of them is March 14th, which will be Pi Day. This is significant for the Pi Network community. Both the sixth anniversary of Pi Network and the user deadline to complete KYC verification and move to the Pi mainnet fall on that date.
Also, the entire crypto market itself has also experienced a comeback with Bitcoin (BTC) briefly trading at over $83,000 before stabilizing at around $82,000. The rest of the remaining top altcoins, including Ethereum (ETH) and Ripple (XRP), have also had gains to include in the entire bullish trend across Pi Network trading.
Binance Listing Rumors Drive Speculation
Speculation surrounding a Pi Network Binance listing has further fueled market enthusiasm. The world’s largest crypto exchange recently held a community vote on whether users wanted to see Pi Coin listed, with a whopping 86% of people saying yes. However, Binance is yet to comment officially on the matter.
5 million $PI hit exchanges in 7 hours, but with Pioneers buying hard ahead of Pi Day and a possible Binance listing, the pump isn’t stopping. Source: Moon Jeff via X
A listing on Binance can push the value of Pi Coin, with better liquidity and exposure. As per most analysts, if Pi Coin is listed on the exchange, it can move Pi Coin price to the $5 mark, which will further strengthen its position in the Pi Network market.
Is Pi Coin Heading for Price Pegging?
Beyond price speculation, recent reports suggest that Pi Network may introduce a price-pegging mechanism to stabilize Pi crypto value. A smart contract linked to Chainlink has been discovered, referencing Pi Coin exchange functions and hinting at a possible automated minting and burning system.
If implemented, this mechanism would function similarly to stablecoins like USDT and USDC, adjusting supply to maintain price stability. This could:
- Reduce Pi Network price volatility.
- Increase Pi cryptocurrency value for real-world use cases.
- Improve adoption within DeFi applications and everyday transactions.
Although the Pi Core Team has not yet confirmed these reports, such a system could attract more users and investors, making Pi Coin trading more predictable and secure.
Pi Coin’s Future: Will It Retest $1.80?
With Pi Day approaching, speculation about a Binance listing, and potential price stabilization mechanisms, Pi Network Coin price is at a critical juncture. Despite past volatility, Pi Coin market analysts believe that its strong support at $1.30 suggests further upside potential.
Pi Coin price holds steady above $1.65, aiming for a $1.80 retest. Source: TheHunters_Company on TradingView
If Pi Coin buy demand continues to rise, a successful retest of $1.80 could open the door for even higher targets, possibly pushing towards $5. However, much depends on future developments in the Pi Network exchange, regulatory announcements, and overall market trends.
For now, Pi Coin news continues to capture the crypto world’s attention, proving that Pi cryptocurrency is more than just a speculative asset—it’s a growing project with increasing real-world potential.
