Binance Poll Fuels Pi Network’s Price Rally

Pi Network has emerged as one of the best-performing cryptocurrencies this week, experiencing a significant price increase while many other digital assets have struggled. On Wednesday, its value soared to $3, marking a nearly 400% jump from its low of $0.60 last week. This surge has pushed its self-reported market capitalization to over $16.3 billion.

Why Is Pi Coin Rising?
The primary reason for Pi Network’s price surge is the growing expectation that it will soon be listed on major cryptocurrency exchanges. Currently, it is already available on platforms like HTX, OKX, Bitget, MEXC, and Gate.io. OKX, one of the largest crypto exchanges, has seen the highest trading volume for Pi.

Binance has recently conducted a poll asking users if it should list Pi Coin. The poll, which closed on Thursday, has attracted millions of votes, with most participants supporting the listing. If Binance decides to add Pi to its exchange, it could lead to further listings on other major platforms.

Two key exchanges that could follow Binance’s lead are Coinbase and Upbit. A listing on Coinbase would make Pi more accessible to American traders, while Upbit would open the market for South Korean investors.

Additionally, Pi Network’s rising value is driven by increased trust in its legitimacy. When the project operated on an enclosed mainnet since 2021, many skeptics labeled it a scam. Even the CEO of Bybit previously warned against it. However, as more users have successfully migrated their tokens to the mainnet and received their allocations, confidence in the project has grown.

Pi Network Price Prediction
The price of Pi Coin has seen a strong recovery after hitting a low of $0.5975 last week. While Bitcoin and most altcoins have struggled, Pi has climbed to nearly $3. The token followed a break-and-retest pattern, briefly dropping to $2.1989 before stabilizing.

Currently, Pi Network is forming a bullish pennant pattern, which suggests that its upward trend could continue. If more exchanges list the token, its price could rise to $3.14 in the near future and potentially reach $5 soon.
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