Pi Coin has rocked the crypto scene by rising over 100% upon its OKX listing announcement. The buzz around the open network release on February 20 has driven conjecture on its future pricing path. Could Pi Coin Hit $10,000 to surpass the sought-after $500 level as traders watch possible Binance, Bybit, and HTX listings? Let’s examine price forecasts, market mood, and recent events.
Pi Coin Price Soars on OKX News
Driven by Pi Coin’s OKX listing announcement, its price shot from $50 to over $100 on Wednesday. This vast movement has spurred debates among the crypto community on its validity and possible future listings on big exchanges such as Binance, Bybit, and HTX. Bitget affirmed its intention to list Pi on the same day as The Open Network’s release; however, in a social media post, Ben Zhou, CEO of Bybit, discounted the likelihood of selling Pi Coin. HTX has already delisted the PI/USDT pair, aggravating the discussion even more.
Pi Coin Listing Uncertainty
It is unknown whether Pi Coin would find listings on more prominent exchanges. While HTX deleted its listing, shocking traders, Bybit, has openly said it will not list Pi Coin—Bitget deleted several Pi Coin-related postings, which sparked rumors regarding its standing on the project. Pi Coin is controversial because of questions regarding its legality; pyramid schemes have surfaced in China. Though no official confirmations have been issued, a listing on Binance or Bybit might propel another significant price surge.
Pi Network Mainnet Delay?
Pi Network has not yet confirmed the February 20 mainnet release. The project is still in an enclosed mainnet phase, limiting formal exchange listings and external connectivity. Similar delays in 2023 caused uncertainty about the timely implementation of the open mainnet. Investors should be careful since illegal exchange listings carry inherent hazards. For updates on the project, one should rely exclusively on official Pi Network channels.
Pi Coin’s Listing Impact: $500?
Given the present positive momentum, if big exchanges like Binance and Bybit choose to list Pi Coin, its price could experience another rise. Should Pi Network Launch land these listings, experts project a possible surge toward $500 by December 31, 2022. Still, serious hazards are associated with the ambiguity about its legality and mainnet launch delays. Before deciding what to invest, traders should pay great attention to government statements and market developments.
Pi Coin Mainnet Uncertainty
Pi Coin’s price may show notable volatility if the open mainnet launch is postponed outside of February 20. A decline in market confidence could result in possible price adjustments. Investors and traders depending on the mainnet launch for free trading could have liquidity problems. Delays could also generate more doubts over the long-term survival of the project. Although Pi Coin has attracted much market attention, its future expansion possibilities may be affected by the lack of openness around its mainnet introduction date.
Summary
Traders and investors have surely noticed Pi Coin’s recent price explosion. Although a listing on Binance, Bybit, or HTX might inspire another surge, project transparency and regulatory issues remain primary obstacles. Traders should stay vigilant and informed as the February 20 mainnet launch draws near before making significant Pi Coin investments.