- Pi Network’s token (PI) recently hit an all-time high of $1.90, outperforming major cryptocurrencies amid speculation that a potential Binance listing could push its price to $10.
- However, while some exchanges have embraced PI, concerns over the project’s transparency and skepticism from industry leaders like Bybit’s CEO continue to fuel controversy.
In a surprising turn of events, Pi Network’s native token (PI) has outperformed the top 20 cryptocurrencies, defying the recent market downturn. With speculation of a potential Binance listing, many investors and analysts are wondering: could PI reach $10 this year?
PI’s Meteoric Rise
Pi Network’s token has been on an impressive run, recently hitting an all-time high of $1.90 before stabilizing at $1.89. This marks a staggering 21% daily increase, setting it apart from the broader crypto market, which has seen a slump in recent days.
The surge has sparked conversations among crypto enthusiasts, with some believing it could be the beginning of a significant bull run. One such voice is GEM HUNTER, an X (formerly Twitter) user who predicted that PI’s value might skyrocket to $10 by April. The key driver? A potential Binance listing.
The Binance Factor
Binance, the world’s largest cryptocurrency exchange, recently conducted a community vote to gauge interest in listing PI. So far, over 85% of participants have expressed their support for the move. If Binance follows through, PI’s price could surge to unprecedented levels due to increased accessibility and trading volume.
Market analyst Justin Wu also weighed in, noting that PI has outperformed major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and Ethereum (ETH). Wu hinted that a combination of Binance’s involvement and Pi Day (March 14) could create the perfect storm for PI’s continued rise.
While Binance’s decision remains pending, other major exchanges have already embraced PI. Platforms like Bitget, OKX, and MEXC have enabled trading, further legitimizing the token and boosting investor confidence.
A Controversial Journey
Despite PI’s success, the project has not been without controversy. Over the years, the team behind Pi Network has been criticized for unclear communication and extended delays. These concerns have led some skeptics to label it as untrustworthy.
Bybit’s CEO, Ben Zhou, is among those who have dismissed Pi Network as a scam, asserting that his exchange will not list PI. Interestingly, Bybit was hit by a multi-billion dollar hack shortly after Zhou’s remarks, leading some in the crypto community to speculate about a possible connection between the two events.
The Road Ahead for PI
With speculation mounting and market momentum building, PI’s future remains uncertain but exciting. If Binance officially lists the token, a significant price rally could follow. However, concerns surrounding the project’s transparency and past delays may still cast a shadow over its long-term potential.
For now, all eyes are on February 27, when Binance is expected to announce the official results of its community vote. Whether PI reaches $10 or not, one thing is certain—it has already made a mark in the crypto world.