Crypto Alerts: Pi Coin's Volumes Crashed 40%; Could PI Hit $100 Mark If Spot Pi Coin ETF Gets Launched?

Cryptocurrency Alerts: Pi Coin of PI Network witnessed volatility in the last 24 hours, with volumes crashing by double digits. The newly added crypto at CoinMarketCap erased its $2 mark. From its all-time high, Pi is down by 40%. The performance comes ahead of the deadline for its KYC norms for investors. Also, Pi Coin has been trending due to a potential Binance listing. A new report has emerged that since Pi is a US-based crypto, chances of an ETF are on the cards. Could an ETF launch fuel PI Network to hit the $100 mark?

Pi Coin:

At the time of writing, Pi Coin traded at $1.79, marginally down on CoinMarketCap. Its intraday high and low is at $1.77 and $1,83 levels. Currently, the volume of Pi Coin has crashed by 43.45% to $284.29 million, while its market cap is around $12.91 billion.

From its all-time high of $2.98 which was recorded on February 26, Pi Coin is down by nearly 40%. But, from its all-time low of $0.6152 which was witnessed during its launch day, February 20, the current price level is up by a whopping 192.49%.

Pi Coin Binance Listing Date:

PI Network has extended its deadline for real Pioneers to verify their balances as possible.

It said, "As part of our ongoing mission to ensure inclusivity, fairness, and maximum participation in the Pi Network ecosystem, the Grace Period has one last extension to 8:00am UTC on March 14, 2025-the 6th anniversary of the project's official launch. The Grace Period deadline has been the only Pi feature extended multiple times, and the extensions are meant to allow as many real Pioneers to verify their balances as possible."

March 14 deadline is the last chance for any Pioneer to complete the required steps to avoid forfeiting their past mobile balances.

As per reports, with Pi Coin's deadline of March 14 approaching, speculation that the crypto could list on Binance has also heightened. Earlier, a Coingabber report said, Pi Day is a significant date for the Pi Network community, as the project was launched on this day in 2019. If Binance lists Pi Coin on this symbolic date, it could generate major market buzz and drive PI's price higher.

About 86% of voters have voted in favour of Pi Coin listing on Binance.

Could PI Network Hit $100 Mark?

According to CoinGape report, the SEC, under Donald Trump, has become more friendly to the crypto industry. It has already ended major lawsuits on companies like Uniswap, Coinbase, and Gemini.

CoinGape report added, Pi Network has some qualities that would make one of the big financial services companies to apply for a spot ETF. It is a large crypto with a market cap of $13.6 billion and a fully diluted valuation of $195 billion. This makes it bigger than other ETF candidates like Litecoin and Hedera. It is also a Made in USA coin, which Trump is focusing on.

That being said, if a ETF launch is in offing, chances of Pi Coin hitting $100 mark is high!

What are cryptocurrency ETF?

A crypto exchange-traded fund is a type of investment fund that tracks the spot market price (i.e., the price you see and can trade on a crypto platform) or futures contract price of one or more cryptocurrencies. Crypto ETFs stand out because they're traded on traditional stock exchanges, enabling investors to gain cryptocurrency exposure without directly owning any digital assets, as per Britannica.