PI Network Price Set for Potential Surge to $300 Following Major MEXC Listing and Binance Poll
Key Highlights:
- PI Network gains momentum after being listed for pre-market trading on MEXC Exchange.
- Binance voting poll indicates strong support for a potential listing of PI Network.
- The upcoming mainnet launch fuels further investor optimism.
MEXC Listing Sparks Market Interest
PI Network has drawn fresh investor attention following its listing on MEXC Exchange for pre-market trading. This move allows traders to buy and sell PI tokens before they go live on the spot market. According to MEXC’s announcement, trading began on February 19 at 4:00 UTC, giving traders an early opportunity to engage in transactions before broader exchange listings.
This development is expected to increase PI Network’s visibility and liquidity, which could drive a surge in trading activity and a potential price increase. However, market participants remain cautious, monitoring the token’s performance and sustainability in the long run.
Binance Voting & Mainnet Launch Excite Investors
Adding to the excitement, Binance has launched a voting poll to gauge market sentiment regarding a potential PI Network listing. Reports indicate that over 85% of voters support the listing, hinting at strong investor interest. If Binance proceeds with the listing, it could significantly boost PI Network’s price and market adoption.
Additionally, the much-anticipated Open Network launch, scheduled for February 20 at 8:00 UTC, is seen as another catalyst that could further propel the token’s value. Leading exchange OKX has already expressed support for the mainnet launch, with expectations that other platforms might follow suit.
Could PI Network Reach $300?
At the time of writing, PI Network’s price had dropped by 15% to $73.47. However, the token has still gained 73% over the past 30 days. Analysts predict that with ongoing positive developments, PI could rally toward $200, especially with Binance’s potential involvement.
Web3 influencer VictorICP even projected a potential price surge to $314, fueling market optimism. Nevertheless, analysts caution that if PI fails to sustain its momentum, it could drop below its 50-day moving average, finding support at $33.82.
Given the volatility, investors are advised to conduct due diligence before making trading decisions.
