PI Network Price Prediction: Will Bybit & Binance Fuel a Rally?

Pi Network News: Will Pi Coin Hit $500 After Binance And Bybit Listing

Pi Coin has taken the crypto market by storm, surging over 100% following its listing Announcement on OKX. The excitement surrounding the open network launch on February 20 has fueled speculation about its future price trajectory. With traders eyeing potential listings on Binance, Bybit, and HTX, could Pi Coin reach the coveted $500 mark? Let’s analyze the latest developments, market sentiment, and price projections.

Pi Coin Price Surge and Market Speculation

On Wednesday, Pi Coin’s price skyrocketed from $50 to over $100, driven by its OKX listing Announcement. This massive rally has sparked discussions within the crypto community about its legitimacy and potential future listings on major exchanges such as Binance, Bybit, and HTX. While Bitget confirmed plans to list Pi on the same day as The Open Network’s launch, Bybit’s CEO Ben Zhou, in a social media post, has dismissed any possibility of listing Pi Coin. Meanwhile, HTX has already delisted the PI/USDT pair, further intensifying the debate.

Will Binance, Bybit, and HTX List Pi Coin?

The possibility of Pi Coin’s listing on larger exchanges remains uncertain. Bybit has publicly stated that it will not list Pi Coin, while HTX removed its listing, leaving traders in shock. Bitget deleted several Pi Coin-related posts, leading to speculation about its position on the project. The controversy surrounding Pi Coin stems from concerns about its legitimacy, with accusations of pyramid schemes surfacing in China. A listing on Binance or Bybit could potentially drive another massive price rally, but no official confirmations have been made.

Is the Pi Network Open Mainnet Launching on February 20?

Despite ongoing speculation, Pi Network has yet to confirm the February 20 mainnet launch. The project remains in an enclosed mainnet phase, restricting external connectivity and preventing official exchange listings. Similar delays occurred in 2023, leading to skepticism about the timely rollout of the open mainnet. Investors should exercise caution, as unauthorized exchange listings come with inherent risks. Only official Pi Network channels should be trusted for updates on the project’s progress.

PI Price Prediction: Could It Hit $500?

With the current bullish momentum, Pi Coin’s price could see another surge if major exchanges such as Binance and Bybit decide to list it. If Pi Coin secures these listings, analysts predict a potential rally toward $500 formed on 31st Dec 2022. However, the uncertainty surrounding its legitimacy and mainnet launch delays pose significant risks. Traders should closely monitor official announcements and market trends before making investment decisions.

Source: TradingView

What Happens if the Mainnet Launch Is Postponed?

If the open mainnet launch is delayed beyond February 20, Pi Coin’s price could experience significant volatility. Market confidence may weaken, leading to potential price corrections. Investors and traders relying on the mainnet launch for free trading may face liquidity issues. Additionally, delays could raise further skepticism about the project’s long-term viability. While Pi Coin has shown strong market interest, the lack of transparency around its mainnet launch timeline could impact its future growth potential.

Final Thoughts

Pi Coin’s recent price surge has undoubtedly caught the attention of traders and investors. While a listing on Binance, Bybit, or HTX could drive another rally, regulatory concerns and project transparency remain key challenges. As the February 20 mainnet launch approaches, traders should stay informed and cautious before making high-risk investments in Pi Coin.