Pi Network price outlook: will Binance listing push PI to | Sajid Parhyar on Binance Square

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Pi Network price outlook: will Binance listing push PI to new highs? Second, Pi Network’s size and the fact that it is a Made in USA coin, means that it may become a spot ETF candidate. Pi has a market cap of over $13 billion, making it a larger coin than others that have received ETF applications, such as Stellar Stellar XLM -1.92% Stellar, Litecoin Litecoin LTC 3.75% Litecoin, and Hedera Hashgraph Hedera HBAR 0.44% Hedera. Initial data shows that Pi Network is also a highly popular coin, with daily volume exceeding $800 million. This suggests that an ETF based on it would likely attract strong investor interest. Further, Pi Network has already been listed by several large centralized exchanges, including OKX, Bitget, MEXC, and Gate.io. However, several tier-1 exchanges, such as Binance, Coinbase, Upbit, Crypto.com, and Kraken, have yet to list it. There is a possibility that Binance will list it following a poll in which most participants voted in favor. These exchange listings would likely contribute to a higher Pi Network price in the future. However, a significant risk may hinder Pi coin’s price performance: token unlocks. CoinMarketCap data shows that the maximum supply of Pi Network coins is 100 billion, compared to a circulating supply of 7 billion. According to Pi explorer, millions of new tokens will be released into the network each month—188 million this month and 91.5 million in March. Over 1.4 billion new tokens will be released this year. New token unlocks typically dilute existing holders by increasing supply. Pi Network price analysis

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