Pi Network coin has rallied by over 100% in the past 24 hours, drawing new attention as the community eyes a potential Binance listing.
So the question becomes: is this a good time to buy $PI, or do other altcoins offer higher potential right now?
85% of Binance Users Approve a Pi Listing
Shortly before its launch on exchanges, Binance posted a poll on X, asking its audience whether it should list Pi coin. 85% of the respondents voted in favor of the listing, illustrating strong community support.
Pi Network launched in 2019 as a decentralized blockchain that allows users to mine cryptocurrency from their smartphones. It transitioned to an open mainnet on 20 February, marking the first time that traders could convert their $PI into other crypto or fiat currencies.
The project reports 70 million users signed up to its network, so there was unsurprisingly significant hype surrounding the launch. The Binance poll received a whopping 3.5 million views on X, while an average post on its account receives around 100K – 500K views.
🚨JUST IN: A Binance community vote showed that 85% of people voted that Binance should list $PI, while only 15% voted against listing $PI.#PiNetwork pic.twitter.com/fEyKbqf5gA
— Pi News (@PiNewsMedia) February 22, 2025
Adding to the excitement, it’s becoming apparent that the project is appealing to other people besides early adopters. This was a major concern because the market anticipated strong selling pressure as miners liquidated their holdings, and it was not clear whether there would be buying demand to absorb it.
Pi coin rallied 100% today, and it did so with massive trading volume. Its 24-hour volume is $1.7 billion, more than that of Solana and Dogecoin.
The token has a lot of momentum, and this could lead to further gains.
Analysts Target $2.5-$10 for Pi
One of the major concerns surrounding the Pi coin was its inflated market cap, which currently stands at $10 billion. However, compared to other cryptos with similar trading volumes, Pi still has a lot of room for growth.
Moreover, the network’s already large user base puts it in an advantageous position for long-term growth. Users attract developers, who, in turn, build products that attract more users.
Pi network appears to have an exciting outlook right now, which is why analysts are predicting more gains to come.
For instance, popular trader Moon Jeff suggests Pi coin could hit $2.5.
$PI pump is inevitable.
Target is around $2.5 .
You can scalp all you want but long-term holders will win. pic.twitter.com/Skzy4Lv01s— MOON JEFF 🪐 (@CRYPTOAD00) February 23, 2025
Meanwhile, analyst Vega points to the potential forthcoming Binance listing and says $PI will reach $10, giving it a whopping $66 billion market cap. While this is unlikely, it cannot be ruled out because of the massive attention on Pi right now.
The same people who called it a scam ended up buying the dip! 😂😂😂😂😂
Soon on Binance ✅$Pi —> $10
i’ll quote this tweet soon ! pic.twitter.com/NArcdigL5J
— VEGA (@Vegabro0) February 23, 2025
But the more likely bullish scenario is that Pi coin hits $2.5, either leading up to or shortly after a Binance listing. However, traders must also consider that Pi coin is still a new and largely untested cryptocurrency. It remains to be seen if it can sustain the attention currently on it, so buying Pi coin is not without risk.
Could Solana L2 Solaxy Give Bigger Returns This Year? ICO Tops $23M
Solaxy is a promising new altcoin that is currently undergoing a presale. This could prove a better alternative to Pi coin since the presale is taking place at a fixed price, so it has yet to pump.
Solaxy is building the world’s first Solana layer 2 blockchain, making transacting on the network cheaper, faster, and more reliable. The goal is to eradicate Solana’s congestion issue, opening it to new use cases and further adoption.
While Solana is highly scalable, sudden spikes in on-chain activity often lead to a build-up of unprocessed transactions. This creates longer wait times and failed transactions. With the help of Solaxy’s transaction bundling and off-chain computation technology, this will soon be a non-issue.
The project is receiving considerable attention from top analysts. For instance, Umar Khan from 99Bitcoins even says its price could 100x.
The project’s presale has shown considerable demand, with over $23 million raised so far. The current price is $0.001644, but this will rise throughout the ICO, with the next increase in under two days.
As such, those seeking the best price should not wait around.
