Pi Coin Price Jumps 8% Amid May 14 Announcement Hype, Is Binance Listing In View?

Key Insights:

• Pi Coin is seeing an impressively bullish price action amid broader market uncertainty.
• The PI Network community is anticipating an announcement from Consensus 2025.
• Expectations on a possible Binance listing is high.

Pi Network, one of the industry’s newly launched altcoin projects, has seen significant growth in the cryptocurrency market.

The price of its native currency, PI, has leaped by 8% ahead of a major announcement on May 14, which the broader market anticipates.

The Pi community has been active, with PI recording a notable climb ahead of a possible launch of the Pi Open mainnet.

The community, with its over 60 million verified users, eagerly anticipates what the development team will unveil.

The Pi Core team hinted at this development earlier, sparking speculation about what major revelation Consensus 2025 will bring as it begins on May 14 in Toronto.

Ahead of the event, Mr. Spock, a blockchain enthusiast, has signaled that Pi Network intends to leverage the program to forge collaborations.

Notably, over 15,000 attendees will be present, and Mr. Spock believes Pi’s presence at the event is significant.

He noted that Pi will use the event to meet with businesses, developers, and crypto service providers. This integration is ideal for bringing value to the more than 10 million KYC-ed users.

Pi Network has managed to spark enthusiasm in the broader financial space around the globe as users cut across core crypto traders and newbies.

Ecosystem metrics reveal a high demand for PI, and supply appears to have dropped.

This mix is a recipe for a price spike, as the coin’s scarcity could support its increased value.

Binance Pi Coin Listing Rumors Stir Market Frenzy

Interestingly, there are strong speculations that the Pi network could announce its listing on a major exchange.

Pi.Next.Gen, a platform that regularly updates the Pi community on X, has highlighted that speculations have intensified about a possible Pi listing on Binance.

Although the platform did not verify if this would happen, ecosystem development has fueled this rumor.

Notably, PI has surged from $0.7 to $1.2 within a 24-hour. According to CoinMarketCap data, as of this writing, PI is trading at $1.19 after hitting a peak of $1.22.

The announcement could have triggered this massive uptick in price, which has left many on edge.

If the Pi Network unveils a Binance listing, the underlying coin could record immediate price growth that might see the coin’s valuation test the $2 level.

However, trading volume would need to soar for this to happen, and the network would have to see increased adoption from its core products.

Pi Network must provide real utility beyond speculative trading to sustain the price surge.

To catalyze this move, the crypto space, particularly PI holders, will monitor news from the Toronto event, which kicks off on May 14.

Price Momentum Holds, Can PI Coin Sustain It?

As the anticipation builds, PI has continued to trade in the green, sustaining its 104% increase in the last seven days.

In the last 24 hours, PI has shown positive growth, posting higher lows as it rides on market sentiments ahead of the major announcement.

Analysts have opined that the price could skyrocket massively if the Pi Network announces a listing.

Although it trades on top exchanges like OKX and MEXC, the hype around the Binance listing can help it sustain its growth momentum.

The concern, however, is the coin’s ability to perform and sustain the growth outlook.