Pi Network’s Meteoric Rise: Is It Time to Buy a Yacht? šŸš€šŸ’°

TL;DR

  • PI has soared to a dizzying height of nearly $3, while its market cap is rumored to be over $18 billion (pending a fact-check, of course).
  • Whispers of a Binance listing are sending the token into a frenzy, with a staggering 86% of voters saying, “Yes, please!”

The Rally Goes on

In a world where crypto markets are crashing like a bad reality show, behold the Pi Network! Its native token, PI, has defied gravity, reaching a new all-time high of almost $3. Currently, itā€™s trading at around $2.50, which is a jaw-dropping 35% increase in just one day. Talk about a plot twist!

According to the ever-reliable CoinMarketCap, the assetā€™s market cap has allegedly surpassed $18 billion. But wait! Theyā€™ve added a disclaimer, stating they havenā€™t verified this figure. Apparently, the project self-reported its capitalization, claiming a circulating supply of over 6.6 billion tokens. Sounds legit, right?

If this market cap is accurate, PI would be the 11th-largest cryptocurrency, just behind the likes of TRON (TRX), Cardano (ADA), and Dogecoin (DOGE). Who knew being 11th could feel so good?

The real kicker? Speculation is swirling that Binance might just be ready to roll out the red carpet for PI. The worldā€™s largest crypto exchange held a community vote to see if users want PI on their platform. Spoiler alert: over 86% of voters have clicked ā€œyesā€ so far. Itā€™s like a popularity contest, but with money!

A Binance listing could boost the tokenā€™s liquidity and accessibility, potentially sending its valuation into the stratosphere. Meanwhile, other exchanges like Bitget, OKX, and MEXC are already on board. But Bybit? Theyā€™re sitting this one out, with their CEO, Ben Zhou, calling Pi Network a scam. Ouch!

The Next Potential Targets

Pi Network boasts a massive community, particularly active on X. Many members are buzzing about the recent price surge, dreaming of a leap into uncharted territory. One user, going by Pi Blockchain, boldly suggested the price could skyrocket to $4 or even $40. Ambitious, arenā€™t we?

Before the launch of the Open Network on February 20, some even predicted a valuation of $314.159ā€”yes, thatā€™s a nod to Ļ€ (Pi) ā‰ˆ 3.14159. But letā€™s be real: for that to happen, PIā€™s market cap would need to soar above $2 trillion. Given that the entire crypto market is under $3 trillion, thatā€™s a tall order. But hey, dream big!

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2025-02-27 12:39