Last updated:
Author
Simon Chandler
Author
Simon Chandler
Share
Why Trust Cryptonews
The price of Pi Network has dropped by 6% in the past 24 hours, slipping to $1.80 after US President Donald Trump signed an executive order that would create a strategic reserve from seized Bitcoin.
PI is now down by 9% in a week, but the recently listed mining coin holds on to a very impressive 166% increase in a fortnight, making it the best-performing top-100 token across this timeframe.
And what’s particularly bullish about Pi Network is that it’s still waiting on most major exchanges to list it, with its community pushing hard for Binance to add the token.
This could mean that PI still has some very big rallies in store for the coming months, with its long-term price outlook remaining one of the best in the market.
Will Binance Listing Make Pi Network the Next Big Crypto? PI Price Outlook
PI’s chart today suggests that it may come down further before it recovers more concertedly, with its indicators still far from entering oversold positions.
For example, its RSI (purple) has now fallen below 50, after going down from 75 on Wednesday, a sign of increased selling pressure.
Perhaps more worryingly, it looks as though PI’s 30-period moving average (orange) is about to drop below the 200-period average (blue), forming a ‘death cross’ that could signal further losses.
What’s also concerning is that the alt’s 24-hour trading volume has dropped from a high of $3.3 billion in late February to only $500 million today, indicating a strong drop off in demand.
And what’s interesting is that the prominent whale-tracking accounts – such as Whale Alert, Lookonchain and Spot On Chain – have not detected any significantly largely PI purchases since the coin’s mainnet launched at the end of last month.
This could suggest that larger investors are still mostly steering clear of the coin, which famously enables anyone with a mobile phone to mine it.
However, things may change as and when Pi Network gains some listings from bigger exchanges, with its holders campaigning right now to have it added to Binance.
Assuming that Binance and other platforms (e.g. Coinbase, Kraken) do list Pi Network, it could balloon in price, potentially rising to $2 in the next few weeks.
And assuming that the wider macroeconomic context stabilizes, PI could reach $3 by H2.
New Alts Bring Strong Fundamentals and High Potential
Because Pi Network is still a somewhat controversial token, many traders may prefer to look to alternatives for sustainable returns.
Of course, identifying which new tokens are likely to be in it for the long haul is often a difficult task, but one way of narrowing your search is to look for popular sales.
Presale coins with strong momentum can often go on to have big listings, while they also have a better chance of performing over the longer term.
And one very good example of this right now is Solaxy (SOLX), which has raises a very bullish $25.2 million in its ongoing ICO.
With 70,000 followers on X already, Solaxy is one of the most popular new tokens in the market, and this is because of its rock-solid fundamentals.
It’s launching a layer-two network for Solana, providing Solana users with lower transaction fees and faster transaction speeds.
It will also help reduce the delays and failed transactions that can still impact Solana, while also providing instant bridging between itself and its parent chain.
And as its native token, SOLX should experience plenty of demand, with holders also able to stake the token for a passive income.
To join its presale, you need simply go to the Solaxy website and connect a compatible wallet, such as MetaMask or Best Wallet.
SOLX is currently selling at $0.001656, but this will rise tomorrow and will continue to rise for the duration of the sale.
