Key Insights
Pi Network’s launch on the mainnet was a big deal in the global crypto community.
Within less than three months of its launch, this cryptocurrency has secured a spot among the top 15 cryptocurrencies.
Rumors are currently swirling about Pi coin being included in the US Crypto Reserve.
Pioneers have taken to social media to urge Binance to list Pi Coin.
Such a listing on Binance or even Coinbase could catapult Pi as high as $5.
The recent launch of the Pi Network mainnet was a big deal in the global crypto community.
However, while this milestone was a significant one, Pi Coin has a long way to go in the market.
This cryptocurrency is experiencing an increase in adoption, and speculation about an exchange listing is starting to get louder.
Here’s why the road ahead is full of both opportunities and challenges, as well as what could be next for Pi from here on out.
Pi Coin’s Rapid Rise in Popularity
$PI made a strong entry into the crypto market. Within less than three months of its launch, this cryptocurrency has secured a spot among the top 15 cryptocurrencies on CoinMarketCap and Coingecko.
At present, the cryptocurrency now ranks as the 11th largest on the former.
Its market cap now sits at around $12 billion, with Pi Coin’s ascent showing its rate of adoption.
Unlike many other cryptocurrencies, one of the most attractive aspects of Pi Coin is its mining model.
Pi Coin presents itself as different from Bitcoin, considering how it does not require any specialized hardware to mine.
Instead, users can mine coins directly from their smartphones.
This removal of the barrier to entry has attracted millions of users worldwide and is the reason for the cryptocurrency’s growth so far.
Speculation About Pi Coin’s Role in a US Crypto Reserve
As it stands, rumors are currently swirling about Pi coin being included in the US Crypto Reserve alongside heavyweights like Bitcoin and Ethereum.
Recall that earlier in the month, US President Donald Trump announced the creation of a strategic crypto reserve for the US treasury.
Interestingly, while this reserve was initially expected to be limited to Bitcoin, the US president announced that it would include other assets like Ethereum, Cardano, Solana, and XRP.
If the speculation about Pi turns out to be true, it could mark a groundbreaking development for the cryptocurrency.
It would also do much to cement its position as part of the mainstream financial markets.
At this point, however, nothing has been announced yet.
The Push for Binance Listing—The #ListPiOnBinance Campaign
The Pi network community is known for being passionate about the cryptocurrency. In the middle of this, one of the most talked-about movements is the #ListPiOnBinance campaign on X (formerly Twitter)
Pi Coin supporters (who refer to themselves as Pioneers) have since taken to social media to urge Binance—one of the world’s largest crypto exchanges—to list Pi Coin.
As it stands, a listing on Binance would be a game changer for Pi coin.
The cryptocurrency would become more accessible to millions more traders, and will undoubtedly experience a price increase.
While this speculation about a Binance listing is like the Federal Reserve listing rumors and is currently unconfirmed, the community continues to push for more adoption.
What Can Such a Listing Do For Pi?
Being listed on a major exchange like Binance or Coinbase would be a major win for Pi Coin.
Such a listing would increase the cryptocurrency’s visibility among retail and institutional investors.
It could also boost trading volumes and make it easier for more users to buy and sell their coins.
Ultimately, this could drive the price up due to the increase in demand. Historically, major listings tend to cause major price surges.
However, while the listing remains unguaranteed, other factors continue to affect the cryptocurrency’s journey.
Pi Coin’s Price Trends and Future Projections
Since the 20 February mainnet launch, Pi coin has seen some notable price movements.
The cryptocurrency initially traded at around $1.45 and surged over 30% within the first hour to a new peak of $2.10.
It later reached an all-time high of $2.98 on 26 February, before fluctuating and crashing after.
Fast-forward to 13 March, and Pi Coin was trading again at around $1.70, after travelling to the upside by around 20% in 24 hours.
So far, if the cryptocurrency continues to hold off against the current market downturn and deliver small, consistent gains like this, it could be on the verge of testing the $2 resistance level and retaking the $3 or even $5 zone in the coming months.
On the flip side, if a break above the $2 mark fails to occur, the cryptocurrency could be on its way toward the $1.20 zone.
The Road Ahead for Pi Coin
In the future, the success of this cryptocurrency will depend on several key factors.
Some of these include whether or not it is listed on Binance or Coinbase as speculated.
Another is the regulatory issues that crypto projects tend to face from time to time. If the Pi network is hit with a fresh SEC lawsuit, the resulting crash could pull the cryptocurrency further down from the $5 zone.
In summary, the Pi network’s community remains one of its biggest assets.
If the community continues to call for a listing, one just might happen in the near future and Pi coin could be on its way toward the targeted $5 level.
