A cryptic Pi Day tweet by Coinbase’s Chief Legal Officer, Paul Grewal, has sparked speculation about a potential Pi Network listing on the exchange. Despite an 8.03% price drop to $1.36 and declining trading volumes, analysts predict a 30% rally for Pi Coin, targeting $1.83 by March 22.
Pi Network’s Rising Momentum
Pi Network has captured investor attention with its upcoming mainnet launch and recent price surge. The rally propelled Pi Coin to become the 11th-largest cryptocurrency by market cap, with analysts eyeing further gains amid rumors of a Coinbase listing.
Coinbase Listing Rumors Fuel Speculation
On March 14 (Pi Day), Coinbase’s Paul Grewal tweeted an image of pies adorned with the Pi logo, captioning it:
“We take Pi Day at @coinbase very seriously.”
While Coinbase hasn’t confirmed the listing, the Pi community is optimistic. A Coinbase listing could significantly enhance Pi Coin’s liquidity and drive its price higher.
👉 Discover how major exchange listings impact crypto prices
Potential 30% Price Surge Ahead
Despite recent volatility, analysts foresee a 30% rebound for Pi Coin. Key points:
- Price Prediction: $1.83 by March 22 (per CoinCodex).
- Market Volatility: Positive price movement on 8 of the past 25 days.
- Current Challenges: Trading volume dropped 10% to $359 million, reflecting bearish sentiment.
Investors remain cautious due to the Pi team’s control over 82.8 billion tokens, raising concerns about supply pressure.
Pi Network Ecosystem Updates: .pi Domains Launch
Pi Network expanded its utility by introducing .pi domain auctions, accepting only Pi Coin as payment. Proceeds will fund ecosystem growth, including developer programs and events.
👉 Explore Pi Network’s latest developments
FAQ Section
1. Is Pi Network officially listed on Coinbase?
No confirmation yet, but Grewal’s Pi Day tweet has fueled speculation.
2. Why is Pi Coin’s price volatile?
Market sentiment fluctuates due to supply concerns and trading volume shifts.
3. What’s the significance of .pi domains?
They aim to boost Pi Coin’s utility and ecosystem funding.
Disclaimer: This content is for informational purposes only and not investment advice. Conduct independent research before making financial decisions.
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