Pi Coin Plummets 35% Amid Binance Listing Hopes and March 14 Pi Day Anticipation

Pi Coin, a cryptocurrency that allows users to mine coins using their smartphones, has garnered significant attention recently. The coin is currently trading at around $1.80, marking a 35% decline from its peak last week. Despite this drop, Pi Coin has shown strong momentum, and market trends suggest that further price swings could occur in the short term.

One of the key factors influencing Pi Coin's price is the possibility of it being listed on major exchanges, particularly Binance. Binance recently introduced a new system that allows community votes to decide which coins get added or removed. The Pi Network community has overwhelmingly supported a Binance listing, with 88% of voters in favor. However, Binance has yet to make an official announcement regarding the listing.

While awaiting a potential listing, Pi Coin is gaining more real-world use. Many businesses across various regions are accepting Pi as a form of payment, which has helped strengthen its position in the crypto market. This growing adoption is a positive sign for the coin's future prospects.

March is a crucial month for Pi Coin, as the Pi Network community celebrates "Pi Day" on March 14. In previous years, this event has led to price increases, and many experts predict that the Pi coin price could hit $3.14 on this day. This psychological barrier could serve as a catalyst for further price appreciation.

Currently, Pi Coin is struggling to break above the $2 resistance level. Despite multiple attempts, the price has failed to sustain above this mark. As of now, the price is around $1.80, with a market cap of $12.85 billion. Some experts believe that if Pi Coin breaks past $1.90 with strong buying, it could surge to $3.14. If even more buyers step in, the price could jump as high as $10.

Analysts have been closely monitoring the price movements of Pi coin, with some predicting that it could reach $5 in the near future. The coin has shown strong support around the $1.5 level, indicating a potential recovery is coming. However, there are also concerns about the downside risk. The Pi price may underperform the market without a new fundamental catalyst in the coming weeks. The community is eagerly awaiting a Binance listing, but if that doesn't happen, there could be selling pressure.