Highlights
- Pi Coin price surged 106% after its OKX listing, sparking further speculation.
- Bybit’s CEO denied Pi Coin listing, raising concerns over its legitimacy.
- Uncertainty around Pi Network’s mainnet launch keeps investors cautious.
Pi Coin Price Surge: Can It Reach $500?
Pi Coin’s price rallied 100% on Wednesday following its listing on OKX, igniting debates within the crypto community. With other exchanges potentially following suit, the big question is: Will Pi Coin hit $500 if major platforms like Binance and ByBit list it?
Despite multiple delays, the PI Open Network launch is tentatively set for February 20. Could this pave the way for more exchanges to onboard PI?
Pi Coin Value Could Skyrocket After Binance and ByBit Listing
Following its OKX listing, Pi Coin’s price soared 106%, jumping from $50 to over $95 before a slight correction. This surge boosted market confidence, with traders anticipating further price movements.
Bitget also confirmed plans to list Pi Coin on the same day as The Open Network’s launch, adding to the bullish sentiment. However, with Binance and Bybit being significantly larger exchanges, a listing on these platforms could trigger another major rally, potentially pushing Pi Coin toward the $500 mark.
But the critical question remains: Will Binance and Bybit officially list Pi Coin?
Will Bybit and Binance List Pi Coin?
Bybit’s CEO has already confirmed that Pi Coin will not be listed on their platform. Meanwhile, Bitget has removed several posts about Pi Coin, fueling speculation about its stance.
The controversy surrounding Pi Coin intensified after OKX announced its listing, with discussions about alleged pyramid schemes in China. Despite having millions of KYC-verified users, Pi Network’s legitimacy remains under scrutiny.
Major exchanges like Binance prioritize user engagement and trading activity, making their position on Pi Coin a topic of interest. While Bybit and Bitget seem hesitant, it’s unclear whether Binance or other exchanges will take a different approach.
Will Pi Coin Finally Launch Mainnet on February 20?
Pi Coin remains in its enclosed mainnet phase, restricting external connectivity and preventing exchange listings. Although speculation points to a February 20 mainnet launch, Pi Network has not confirmed this date.
Similar delays occurred in 2023, raising doubts about a timely rollout. Investors should remain cautious, as unauthorized exchange listings may involve risks. Only official Pi Network channels provide reliable updates on its progress.
Conclusion
While Pi Coin’s price experienced a significant surge after its OKX listing, its future trajectory remains uncertain. A hypothetical listing on Binance and Bybit could push its price toward $500, but skepticism persists. Bybit’s CEO has raised concerns about Pi Coin’s legitimacy, cautioning traders against potential risks.
Investors should stay vigilant, as unverified exchange listings and the project’s prolonged enclosed mainnet phase add to the uncertainty.
Frequently Asked Questions
Why did Pi Coin’s price surge?
Pi Coin surged over 100% after its listing on OKX, fueling market speculation.
Is Pi Coin listed on Binance or Bybit?
No, Bybit’s CEO confirmed they will not list Pi, and Binance has not announced any plans.
Can Pi Coin reach $500?
A Binance and Bybit listing could hypothetically drive Pi Coin toward $500, but there are no confirmations.
