Pi Coin Plummets 20% Amid Market Downturn, Eyes Major Exchange Listing

Pi Coin, a cryptocurrency that has been gaining attention in the market, has recently experienced a significant drop, falling by more than 20% and currently trading at $2.40. Despite the broader market downturn that saw Bitcoin dip below $85k, Pi Coin managed to hit a high of $2.97 during a massive rally. As the cryptocurrency recovers from an initial sell-off, predictions and targets are flying high, with some speculating that the price could hit $3 or even $4 in the future.

Analysts and investors are eyeing potential events that could push the price of Pi Coin higher in the near future. Kim Wong, an analyst, took to social media to reveal details about key events that could lead to Pi’s price surge. One of the most anticipated events is a potential listing on major exchanges. If confirmed, this could trigger a significant price increase, as seen in the past with OKX’s listing, which saw Pi jump by over 36% in just an hour. Wong suggests that a listing on a major exchange could result in a 50-100% price pop.

Increasing popularity is another factor that could drive Pi Coin’s price higher. As more people become aware of the cryptocurrency and the Pi Network, new supporters and investors may flock to the platform, boosting demand for Pi Coin. Partnerships with major online shopping companies and merchants could also provide further legitimacy and value to Pi Coin, making it more attractive to buyers.

The expansion of the Pi Ecosystem, which includes more decentralized applications (Dapps), could increase the utility of Pi Coin and spark investor interest. Additionally, influential endorsements from well-known crypto media outlets and experts could significantly increase Pi’s visibility and attract more investors. As the price of Pi Coin rises, more investors may experience Fear Of Missing Out (FOMO), pushing the price higher through emotional buying.