Table content
# Pi Network Cost Forecast: Will a Binance Posting Push PI to New Peaks?
Since the beginning of its mainnet in February, Pi Network’s worth briefly plunged to $0.6156 before rapidly recovering.
On March 16, Pi Network (PI) was exchanging at $1.7650, a close 190% climb from its low on February 20.
Looking forward, a few possible impetuses could additionally help its cost in the approaching months. First, Pi Network’s strength following its mainnet dispatch has to a great extent exposed worries that it was a Ponzi conspire.
Second, Pi Network’s enormous scale and status as a “Made in the USA” crypto resource recommend it could be a competitor for a spot ETF. With a market capitalization surpassing $13 billion, Pi is bigger than other digital currencies that have applied for ETFs, like Stellar (XLM), Litecoin (LTC), and Hedera Hashgraph (HBAR).
Early information proposes Pi Network is likewise a very well known digital currency, with everyday exchanging volumes surpassing $800 million. This implies that an ETF in light of it would probably draw in huge financial backer interest. Toncoin (TON) Value Forecast for March 26th
Moreover, Pi Network is as of now recorded on a few significant unified trades, including OKX, Bitget, MEXC, and Gate.io. Nonetheless, a few top-level trades, including Binance, Coinbase, Upbit, Crypto.com, and Kraken, don’t yet offer it for exchanging.
Binance could possibly add it to its postings after a vote where most of members casted a ballot in support. Postings on these trades could additionally drive up the cost of Pi Network later on.
As per information from the Pi Browser, a great many new tokens will be delivered into the organization every month—188 million this month and 91.5 million in March. More than 1.4 billion new tokens will be delivered this year.
Ordinarily, the debut of fresh digital currencies augments the availability, thus diminishing the stakes of existing holders.
## Pi Network Value Examination
Examining the hourly graph, the value of Pi Coin has declined to $1.80 subsequent to attaining a weekly peak of $2. It has breached the bottom boundary of the ascending wedge. A wedge constitutes a highly negative configuration distinguished by two upward-inclined and converging trend lines.
Pi has further fashioned a head and shoulders formation. Consequently, it might decline and re-evaluate the crucial support threshold of $1.533, being the nadir of March 2. Should the price surpass the right shoulder of $2, the unfavorable prediction will cease to be applicable.
