PI Network has once again caught the eyes of investors with its latest major listing update, sparking discussions over a massive rally ahead. Notably, this listing update comes just ahead of its mainnet launch later this week. In addition, the leading crypto exchange Binance is also holding a voting poll to gather market sentiment over whether to list the crypto on its platform or not.
PI Network Sees Major Listing
In the latest MEXC Exchange blog, the leading crypto exchange revealed its plan to launch PI Network (PI) on its platform for pre-market trading. In other words, it would give investors access to start trading before it goes live in the spot market. As per the MEXC announcement, the pre-market trading will start on February 19 at 4:00 UTC.
Why It Matters?
The market participants have lauded the MEXC listings, as it would allow traders to buy and sell the PI Network token before their official listings on the exchanges. Notably, MEXC’s Pre-Market Trading service enables traders to set preferred prices and find matching trades, providing an opportunity to trade at favorable prices.
Having said that, this listing is expected to increase PI’s visibility and accessibility, potentially leading to higher trading activity and a surge in price. However, market participants should exercise caution and monitor how the market assimilates this new listing. PI Network’s Sustainability will depend on its fundamental qualities and market conditions.
Binance Voting Update & Mainnet Launch Anticipation
The top crypto exchange Binance is running a voting poll to gather user interest on whether to list the token or not. However, it appears that a flurry of market participants wants to see the PI Network being added to the exchange. As per the recent developments, more than 85% of the votes were cast in favor of the listing.
This listing, if happens, could further bolster the crypto’s appeal to the investors, which could lead to a massive spike in PI Network price ahead. Besides, the much-awaited Open Network launch, scheduled for February 20 at 8 am UTC, can further help gains in the asset’s price ahead.
Meanwhile, another leading exchange, OKX was the first player to support its mainnet launch, which has also caught the eyes of the investors. Besides, given the soaring popularity of the token, it appears that more players would come forward to provide support to the token.
PI Network Price To Hit $300 Soon?
PI coin value today was down around 15% to $73.4734 during writing, but it has delivered gains of around 73% over the last 30 days. However, with these positive developments, it appears that the market participants are eyeing further rally for the coin. For instance, the latest PI price analysis hints at a potential rally for the coin to $200 amid the Binance voting update.
In addition, with the latest MEXC listing, investors are putting further bets toward a potential rally ahead. Lauding the latest listing, a Web3 influencer “VictorICP” predicted a potential rally for the PI Network price to $314, which has sparked market optimism.
However, it’s worth noting that in an alternate scenario, the token can fall below the 50-day moving average. If this happens, then the token will find its support at $33.82, the price analysis showed. Considering all these possibilities, the investors should exercise due diligence before putting their bets into the token.
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