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Binance Listing Clues Spark 8% Rally, $1 in Sight
By: bitcoin ethereum news|2025/05/08 17:30:05
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Bitcoin is on the rise, and altcoins are moving up too. The largest cryptocurrency is getting closer to the $100,000 mark, while several altcoins are testing important resistance levels. One of the performers is Pi Coin, which has jumped 8% in the last 24 hours. The token is now eyeing the $0.70 mark — and if it breaks through, the path to $0.90 and $1 could open up. Adding to this are fresh rumors about Pi possibly getting listed on Binance. These speculations started when Binance’s Stellar deposit wallet, which also serves as its Pi wallet, began testing transactions on the Pi blockchain. On top of that, the Pi Network team has a major announcement planned for May 14. The big reveal might take place at the Consensus Summit in Toronto, marking the project’s first official global event. Pi founder Dr. Nicolas Kokkalis is also expected to speak, sharing updates on the project’s Open Mainnet, which officially launched in February 2025. What’s Next For Pi Coin? Analyst Dr. Altcoin believes Pi Coin could pick up momentum after the Summit takes place. With over 70 million users worldwide, Pi Network is too big to be ignored by major exchanges like Binance or Coinbase. He also said that Binance advertising on the Pi app could mean something. However, the Pi coin is down by more than 3% in the last 2 weeks. There is a constant sell-off pressure due to the ongoing token unlocks. As per data from Pi Scan, 10.3 million tokens will be unlocked today. Recently, its trading volume dropped below $40 million, but it has since bounced to $123 million. The next few weeks will be important and could determine where Pi Coin’s price is headed. Pi Coin’s RSI is neutral, with no strong momentum in either direction. The MACD is giving a buy signal, which is a good sign. Moving averages are also neutral, showing the market is uncertain. Source: https://coinpedia.org/news/pi-coin-price-prediction-today-binance-listing-clues-spark-8-rally-1-in-sight/
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