Pi Coin Eyes New All-Time High Amid Pi Day Celebrations
1min read The Pi coin price is currently experiencing a bullish outlook as the Pi network celebrates Pi Day, highlighting the strength and enthusiasm of the Pi community. This celebration has sparked predictions from analysts that the coin could soon reach a new all-time high (ATH).
One crypto analyst, in a recent post, suggested that the Pi coin price could hit a new ATH during the Pi Day celebration. The analyst identified a Head and Shoulders pattern, which could potentially trigger a parabolic rally for Pi. According to the accompanying chart, the coin could rally to as high as $3.6, surpassing its current ATH of $2.98.
Another prominent crypto analyst, Bitcoin Buddha, has also predicted that Pi could reach as high as $10. He emphasized that Pi stands out in the crypto market due to its community ownership. Bitcoin Buddha raised the possibility of Pi being listed on Binance soon, noting that over 253,000 community members have voted for the top crypto exchange to list the coin. If this listing occurs, he asserted that the Pi coin price could reach between $5 and $10.
Pi coin is currently gaining significant attention, especially with the Pi network’s celebration of Pi Day. The crypto analytics platform CoinGecko revealed that Pi is leading the pack among the top trending coins. This surge in interest is fueled by optimism and speculation about potential announcements, including a possible Binance listing of Pi Coin.
As the Pi coin price eyes a new ATH, it is important to note that the grace period for both KYC and Mainnet migration has ended. The team announced that community members had to complete both their KYC and Mainnet migration by 8 am UTC on March 14 to avoid forfeiting most of their Pi, except for the Pi mined. Token holders were cautioned to be keen on the KYC and migration deadline on Pi Day to avoid losing their coins. Additionally, concerns around decentralization could impact investor confidence in the project after the hype around Pi Day ends.
The delay in major exchange listings could also lead to bearish momentum for the Pi coin price. This is something which token holders also have to be mindful of. Bybit CEO Ben Zhou revealed that his exchange has no plans to list Pi, which could further influence the market sentiment surrounding the coin.
