In the last 24 hours, Pi Coin has surprised the crypto market with a sharp 10% increase amid speculation about a potential listing on Binance and active app development.
Reasons for Pi Coin's Surge
After dropping over 2.5% in the past month, Pi Coin unexpectedly surged from $0.4486 to $0.5157. Currently, the price is around $0.4915 with a market cap of $3.79 billion and a daily trading volume of $168 million. One major reason behind the rise is the launch of the new PiApp Studio, where over 7,900 decentralized applications have been created with involvement from 2.6 million users.
Binance Listing Speculations
Speculations are ongoing regarding a possible Binance listing following the Pi Network's mainnet launch in February 2025. Official confirmations from both teams have yet to be received, but community anticipation remains high, which also impacts the coin's price.
Pi Coin's Independence from the Market
The unique aspect of this surge is that it occurred while major cryptocurrencies, such as Bitcoin and Ethereum, faced declines. This raises questions about Pi Coin's independence from the broader cryptocurrency market trends.
The recent surge of 10% in Pi Coin appears to be driven by both internal development factors related to app growth and speculation regarding a potential Binance listing. If this trend continues, Pi Coin may reach new heights in the coming months.
