Pi Coin Surges to New ATH Amid Scam Allegations and Binance Listing Buzz

The Pi coin price has reached a new all-time high (ATH) of $2.98, marking a significant rally in the crypto market. This development comes just six days after the coin hit an all-time low of $0.6, defying the recent market crash that affected major digital assets.

The Pi coin's price surge has reignited discussions about the legitimacy of the Pi network. Prior to its mainnet launch, some crypto community members had labeled it a scam, and these allegations persisted even after the launch. Bybit CEO Ben Zhou has publicly labeled the Pi network as a scam and stated that his exchange would not list the token. However, crypto influencer SHIB Gems believes that market participants can still profit from the coin despite considering the network a scam.

In response to the scam allegations, the Pi network team has maintained that the platform is legitimate. They cited the network's six-year track record and over 60 million engaged users as evidence of its legitimacy. The team also explained that the delay in the mainnet launch was intentional to ensure the project's success and to build a well-established community that could mitigate challenges faced by other launches.

Following the rally to a new ATH, crypto analyst Gem Hunter has predicted that the Pi coin price could reach as high as $10. He attributed this potential rally to a possible Binance listing, which could send the coin's price to new highs. Moon Jeff, a crypto community member, has asserted that Pi is coming to Binance, with 192,000 users voting in favor of the listing as of yesterday. However, it is worth noting that many Pi users have yet to receive their allocations, which could lead to significant selling pressure when they do.