{"id":915,"date":"2025-03-24T14:25:00","date_gmt":"2025-03-24T14:25:00","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=915"},"modified":"2025-03-24T13:52:56","modified_gmt":"2025-03-24T13:52:56","slug":"pi-network-2-despite-binance","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/pi-network-2-despite-binance\/","title":{"rendered":"Can Pi Network (PI) still reach $2 despite the setback from Binance ?"},"content":{"rendered":"\n

A Storm in the Crypto Market : What Are the Consequences for Pi ?<\/strong><\/h2>\n\n\n\n

The cryptocurrency market<\/a><\/strong> has experienced a turbulent week with major events that have shaken the landscape. The U.S. Federal Reserve has made its decisions, and the long-standing XRP versus SEC lawsuit<\/a><\/strong> has finally been resolved, bringing some relief to the community. However, the Pi Network has faced significant challenges.<\/p>\n\n\n

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\"pi<\/figure>\n<\/div>\n\n\n

The price of the PI Network is declining. Source: CoinGecko<\/p>\n\n\n\n

The migration and Know Your Customer (KYC)<\/strong> process is now complete, but many users have failed to claim their tokens. As a result, Pi has fallen behind in the market<\/strong>, raising doubts about the right time to buy it.<\/p>\n\n\n\n

Among the top 100 cryptocurrencies<\/a>, Pi was the worst performer last week<\/strong>, losing more value than others. A blow came when Binance refused to list it. They stated that any token not listed on the Binance Smart Chain<\/strong><\/a> is not eligible for voting, thereby excluding Pi from any consideration<\/strong>.<\/p>\n\n\n\n

Can Pi Network Still Surprise Despite the Turbulence ?<\/strong><\/h2>\n\n\n\n

The Pi token<\/a><\/strong> has dropped below the $1<\/strong> mark after reaching a historic high of $3 following the launch of its mainnet on February 20. It hit lows around $0.70<\/strong>, leaving many investors uncertain about the future. However, it has rebounded, trading around $0.96<\/strong>. Despite this decline, analysts see a potential for a rebound, and there are signs that a breakthrough could occur<\/strong>. If the support level holds, Pi could push towards $2<\/strong>.<\/p>\n\n\n\n

Trading volume saw an initial rise but then decreased, indicating that sellers currently dominate the market. This weakens the buyer momentum<\/strong>. After a 3% decline<\/strong>, the price is approaching the critical support level of $0.70<\/strong>. If it breaks, this could lead to further declines, potentially down to $0.50 or $0.10<\/strong>. On the positive side, if Pi regains the $1 level, this could trigger a bullish move towards $1.20<\/strong>, offering hope for recovery.<\/p>\n\n\n\n

The Right Time to Invest in Pi Network ? Strategy with Weex<\/strong><\/h2>\n\n\n\n

Despite the recent setbacks experienced by the Pi Network, analysts remain optimistic about its rebound potential. If the token manages to regain the $1 threshold<\/strong>, it could pave the way for a progression up to $2. However, a break below the $0.70 support could lead to further concerning declines. Investors will need to closely monitor the project’s development in the coming weeks. If you wish to purchase Pi Network<\/strong>, you can do so easily on We<\/a>e<\/a>x<\/a><\/strong>. Take advantage of the current offer for new users!<\/p>\n\n\n\n

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Buy Pi on Weex and get a bonus !<\/a><\/div>\n<\/div>\n\n\n\n

More on this topic :<\/strong><\/p>\n\n\n\n