Pi Coin recently experienced a price increase, from around $ 1.20 to $ 1.74 in just 24 hours, marking a 70%increase. This wave is attributed to increasing speculation according to which Binance will announce a list of Pi Coin on March 14, Pi Day. Consequently, there has been an increase in purchase pressure because investors provide major developments for cryptocurrency. As the PI day approaches, keep an eye on developments that could radically an impact on the PI price and an analyst explained the price movements possible.
Potential scenarios for the PI price movement
Optimistic perspectives: If Pi is listed on Binance, we could see an explosive rally. Pi could break its summit of $ 3 previous and going to the fork from $ 4 to $ 4.50 in a few days. If the market considers PI as a key player in cryptographic space, it could even reach $ 7 at $ 10 in the short term.
Balanced scenario: A more modest rally could see PI reaching about $ 3.14 on the IP day. This would be motivated by the excitement of new exchange announcements, creating a solid level of support for future growth.
Prudent scenario: On the other hand, Pi could face a correction after the initial excitement fades. In this case, PI could reach around $ 3 or even fall to $ 2. This would reflect a typical correction of the cryptography market.
The unique attraction of Pi Coin
What distinguishes Pi from other cryptocurrencies are its community and mobile mining capacities. Unlike traditional cryptocurrencies that require expensive equipment and high energy consumption, PI allows users to exploit their smartphones, offering an ecological alternative. This unique approach, combined with strong community support, could position PI as an important player in the digital currency space.
At the time of writing the editorial staff, Pi Coin is down more than 3% and is traded to $ 1.67.
