Altcoin
Can Pi Coin Price Hit A New ATH As Pi Network Celebrates Pi Day?
The Pi coin price currently boasts a bullish outlook with the Pi network’s celebration of the Pi day today, which has again highlighted the strength of the Pi community. Amid this celebration, analysts have predicted that the coin could soon hit a new all-time high (ATH).
Can The Pi Coin Price Hit A New ATH Amid Pi Day Celebration
In an X post, crypto analyst suggested that the Pi coin price could soon hit a new ATH amid the Pi network’s Pi Day celebration. This came as the analyst highlighted a Head and Shoulders pattern that could soon spark a parabolic rally for Pi.
The analyst’s accompanying chart showed that the coin could rally to as high as $3.6 when this parabolic rally occurs. A rally to this price level would mark a new ATH for the Pi coin, whose current ATH is $2.98.
Crypto analyst Bitcoin Buddha also recently predicted that Pi could reach as high as $10. He noted that the coin is one that stands in the crypto market as it is truly community-owned. The analyst then raised the possibility of Pi listing on Binance soon.
Bitcoin Buddha remarked that over 253,000 community members have voted for the top crypto exchange to list the coin. If that happens, he asserted that the Pi coin price could reach between $5 and $10.
Pi coin is currently buzzing and gaining a lot of attention, especially with the Pi network’s celebration of the Pi coin today. The crypto analytics platform CoinGecko revealed that the coin is leading the pack among the top trending coins.
Meanwhile, as CoinGape reported, Pi coin already surged about 20% two days ahead of the Pi day today. This rally was fueled by optimism and speculation about potential announcements, including a possible Binance listing of Pi Coin.
Grace Period Officially Ends
As the Pi coin price eyes a new ATH, it is worth mentioning that the grace period for both KYC and Mainnet migration has ended. The team yesterday announced that the 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 other than Pi mined.
In an earlier CoinGape report, Pi network token holders were cautioned to be keen on the KYC and migration deadline on Pi Day to avoid losing their coins. Token holders also have to pay attention to the concerns around decentralization, which could impact investor confidence in the project after the hype around Pi Day ends.
Meanwhile, 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 already revealed that his exchange has no plans to list Pi.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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