Top Crypto Alert: Pi Coin Fell 24% From All-Time High; If Listed On Binance, PI May See 50-100% Price Pop

Cryptocurrency Alert: Pi Coin of Pi Network witnessed sharp selling pressure after hitting record highs and 300% gains two days ago. Over the last 24 hours, the cryptocurrency dropped nearly 13% as volumes declined by nearly 57%. Earlier this week, Pi Coin emerged among best-performing cryptocurrencies and almost neared $3 levels due to the possibility of listing on the world's largest exchange Binance. Furthermore, PI Coin's open network launch was another fuelling factor. Expert believes that there is an opportunity for a 50% to 100% price pop in Pi Coin if the crypto debuts on Binance.

At the time of writing, Pi Coin traded at $2.30, down by 12.97% in the last 24 hours, while its volumes nosedived by 56.7% to $1.53 billion. Its market cap stood at $15.2 billion.

As of now, Pi Coin's total supply is around 10.288 billion PIs, as per CoinMarketCap data, while its maximum supply can be 100 billion PIs.

Pi Coin had touched an all-time high of $2.98 billion on February 26. Since then, the cryptocurrency dropped by 24% so far. Nonetheless, from its all-time low of $0.6152, the coin is up by nearly 270% still. PI Coin is not alone in selloffs, other major cryptocurrencies have also declined.

In past 7 days, the largest cryptocurrency, Bitcoin plunged by over 20%, while its counterpart Ethereum dropped over 24%. XRP was down 26%, while BNB plunged 15%, Additionally, Solana and Dogecoin tumbled by over 27% and 28% in 7 days respectively.

PI Coin Binance Listing:

As per the latest update, 86% of the participants on Binance Survey, voted in favour of listing Pi Coin on the exchange.

Why is it important? As per the main voting page, a Binance listing is expected to potentially boost Pi's adoption, liquidity, and price. More traders will have access to buy, sell, and trade Pi Coin globally. It's a major step toward mainstream recognition of Pi Network.

What Can Pi Coin's Price Higher?

Through his X handler, analyst Kim H Wong said, "Major exhanges announce listing Pi. This may happen in a matter of days. The strength of the Pi price now may likely due to buyers are front-running exchange listing announcements. If a major exchange greenlights listing, history suggests a 50-100% price pop isn't out of the question-OKX's listing saw Pi jump 36.8% in an hour."

He highlighted the following pointers:

• Pi popularity will catch eyeballs and new believers will join in to support Pi Network and buy PI.
• Major online shopping companies, merchants and payment platforms announce partnerships with Pi Network.
• Pi Network approves and announces more ecosystem Dapps.
• Endorsements from influential crypto media and experts.
• The higher the Pi price rises, more Fear Of Missing Out (FOMO) Buying will occur. Emotional buying from the FOMO crowd can drive Pi price surging.

According to CoinMarketCap, Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem Supply Model and Mining Mechanism Pi Network follows a negative exponential declining token issuance model, where mining rates decrease over time based on time and network growth and participation. Ecosystem and Adoption Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses.