Pi Coin Price Prediction: Bullish Scenario Revealed
As of today, the PI Network’s token (PI) traded at about $1.69, showing a slight decline of about 2% over the past 24 hours. It hit an all-time high of $2.98 last week, but has retreated 41% since then. This price volatility has raised questions among investors about the problems driving changes in their value.
The future of the token is closely related to market sentiment and communication lists. If the main communication list PI is in place, it may attract the interest of regained investors, thus pushing the token to new highs. According to Concodex, PI is likely to increase by 234.84% this month, with a potential average price of $3.37, an increase of 101.79% from current levels. The highest price forecast is $5.64.
One of the main factors that affect PI prices is around its expectations of potential listings on major exchanges such as Binance and Coinbase. Recently, Binance conducted a community vote, with 86% of users supporting PI listing. However, despite a lot of support, the PI network has not been listed yet, which has led to some uncertainty among investors and contributed to the recent price drop.
Despite the latency of the exchange list, the PI network is still seeing increasing actual use. Businesses in countries such as the United States, China, Vietnam, Thailand and India are accepting PI as payment. In China, BYD Auto Services even allows customers to buy cars using PI, selling about 100 cars worldwide. This growing acceptance can help boost PI’s reputation in the cryptocurrency space.
March will be a key month for PI in the future as it determines whether the token is rebounding or maintaining pressure.
