The crypto industry has seen several coins come and go. The Pi Network has finally launched its own cryptocurrency after six years. PI made headlines when it entered the market. The price has increased despite a sharp decline at launch. It reached a new high of $2.98 in February. What is left to be seen is whether this altcoin continues its upward trend and reaches a new high in the upcoming month.
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The Current Market of PI
PI was launched at a very low price of $0.6152. Within a week, it had risen to almost $3. In the past week, this altcoin has increased by more than 200%. Pi Network, at the moment of this writing was in a downtrend on the market and traded for $1.99. The asset has seen a 25% drop in the last 24 hours.
Exchanges remain hesitant to list PI because it is a new asset. Binance Square’s latest data shows 86% of participants support listing the asset. The community poll that began on 17th February received more than 294 957 votes. This poll was only attended by 0.12% of Binance’s users.
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However, this did not mean that PI would be guaranteed a spot on Binance. This exchange said,
“While we value and consider the vote results, they are for reference only and do not determine any decision or action Binance may or may not take. The project’s launch is still undergoing evaluation, and the decision will be based on our official review processes and standards.“
Forecast for the March 2025 price
CoinCodex data suggests that PI will see a huge increase in price by March 2025. It is anticipated that the asset’s price will reach $8.23, a 300% increase from where it currently stands. The asset’s average trading price could reach $4.89 this month. PI is also priced as low as $2.41.
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Source: watcher.guru
