- Pi coin price is trading sideways with a market price of $1.79 at present.
- A potential token listing announcement from Binance could push Pi coin price to a new all-time high value.
Pi network has steadily acquired users with its simple-to-mine interface through its mobile application. After hitting an all-time high value of $2.99, the Pi coin has been trading sideways for the past few days. Under the current market conditions, it is facing extreme price fluctuations. The Pi community has started to wonder about the next price action of the Pi token.
The Emergence of Pi Coin in the Crypto Market
Over the course of 5 years, millions of users mined Pi coins, eagerly waiting for the mainnet launch. Finally, the Pi network mainnet launch happened this year, stirring enthusiasm across the crypto community. Having a strong background of Standard alumni behind it, the Pi network is strategically rolling out its features to foster its position in the market.
Pi token started trading at an initial price of around $1.4821 on Feb 20 this year. After facing downward pressure for a few days, it witnessed a considerable price surge and reached its ATH value. Meanwhile, the team once again postponed its grace period to March 14 to allow early pioneers to complete KYC and migration processes.
Pi Coin Market Performance
The Pi coin is trading at $1.79 at present with a 0.76% drop in the last 24 hours. The price change isn’t significant and the token has been trading sideways, reflecting extreme volatility. While its 24-hour high value is $1.8266, it hit a low of $1.773 today. The less difference between these peak and low values shows how Pi coin is trading oscillating in these price ranges.
What’s Ahead For the Pi Coin?
Despite being a mid-cap crypto with no significant hype behind the project except for its simple mining process, Pi coin emerged to be a strong contender in the market. It climbed up to be the top-11th cryptocurrency, reaching a $12.8B market cap as per CoinMarketCap.
The bearish market sentiment spreading across the broader crypto market has its impact on the Pi token as well. Meanwhile, the hype around the project has also started to diminish as the grace period extension announcement disappointed some community members.
Apart from these, recently Bybit CEO challenged the project to clarify scam allegations. The Pi network addressed this concern with grace and composure in the process of regaining trust from its community.
Meanwhile, the Pi community has long been waiting for the leading exchange, Binance, to list the token. A Pi token listing announcement from Binance could push the Pi token price to new highs. Even though the crypto market reacted adversely to Trump’s White House Crypto Summit, the pro-crypto environment in the US will be good for the industry in the long run. As a result, the crypto market could witness a bull run for the next few months, which would also have a positive impact on the Pi coin price.
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