- Pi Network has seen increased market interest in the last 24 hours with listing day looming closer.
- The cryptocurrency is expected to see prices skyrocketing post its Open Mainnet launch.
While the initial regulatory hype is dying out, the digital asset sector resorts to previous patterns. A dull wind hangs over the market as few activities catch attention. However, amid such conditions, the Pi Network controversy reemerged in the spotlight. The cryptocurrency has garnered market attention in the last 24 hours.
Notably, according to reports, Pi Network is expected to be listed on Binance on February 20. Investors anticipate that this listing will boost prices to the roof. Multiple opinion holders have begun predicting a price of $500.
Additionally, the Binance listing coincides with other major exchanges’ listings. Along with listings, Pi Network is also expected to launch its Open Mainnet on the same day. Moreover, the controversy surrounding the cryptocurrency has also put a dent in speculations.
During January 2025, Pi Network was already seen on the market, however, lacking an official launch or announcement. Amidst this, the project’s team announced a grace period extension.
This caused the cryptocurrency’s price to fluctuate as per reports. However, on February 12, the team announced the date for listing and mainnet launch as February 20. This has led to the aforementioned investor interest and speculations.
Will Pi Network Hit Expected High Price Levels?
The Pi Network team has extended the Grace period to February 28, for pioneers to complete their KYC verification for their accounts. Amid such actions, the cryptocurrency seems to have garnered immense interest from early investors.
Although, the launch day might see its prices skyrocketing similar to every newly launched tokens. However, the following days will show if the token will hold its high trading levels after fluctuations settle down.
Meanwhile, its IOU version is currently trading at a price of $77.70 with a 493% surge as per CMC data. Although minimal information is present regarding its initial listing price and other aspects, it cannot be denied that the cryptocurrency has been holding increased investor interest.
Highlighted Crypto News Today:
Cynthia Lummis Backs a Bitcoin Reserve for the US, Citing 24/7 Auditability
