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The Pi Network price climbed 4% in the last 24 hours to trade at $1.18 as of 4.40 a.m. EST on trading volume that dropped 33% to $364.16 million.
The Pi price saw a solid increase in price despite the recent news that Binance, the world’s largest crypto exchange by market cap, is apparently not currently interested in listing the token.
Industry participants were able to make this conclusion after Binance started its Vote To List campaign, allowing users to vote on the tokens they wish to see listed on its platform.
Among multiple cryptos that made it to the list, Pi ended up not being one of them, and while the decision to exclude it citing its non-BNB Smart Chain status sparked backlash, many remain hopeful that Pi would reach the exchange eventually.
Pi Network Price Prediction
While Pi was not listed, the general popularity of the project still allowed its price to see a notable increase, which could be attributed to the market-wide recovery that can be seen right now. After all, the Pi Network’s chart closely resembles Bitcoin’s own performance, suggesting that the oldest cryptocurrency is still dominating the market, and that the smaller projects are following.
The PI token’s own chart shows that its price fluctuations, which were quite strong yesterday, have now subsided. While the price is far from being flat, the volatility is not as big as it was 24 hours ago, and the project is slowly pushing upwards, with its Bollinger bands tighter than yesterday, but still increasing as the PI value continues to go up.
The Pi Network’s Relative Strength Index (RSI) continues to fluctuate between the overbought zone’s value of 70 and the neutral value of 50, similar to yesterday’s performance. The RSI dropped below 50 after Binance’s announcement, but after the initial disappointment, the traders still returned to the token for its potential and popularity, which continue to drive trade.
With that said, Pi did encounter a strong resistance at $1.20, and with its price now once again approaching it at the same time as the RSI approaches the overbought zone once again, it is likely that traders will take profit once again, possibly leading to a new correction in the coming hours.
Promising Alternative To Pi Network
For now, the Pi Network seems to be close to its limit, but the same cannot be said about BTC Bull Token (BTCBULL).
The project’s presale launched on February 10 and has already raised over $3.84 million.
There are several reasons behind the token’s popularity, one of which is its desire to push the BTC price and help it reach its full potential.
This potential, according to BTCBULL, sits far higher than where it is right now, all the way up at $1 million per coin, and maybe even beyond that.
Another one of the project’s goals is to create earning opportunities for its own investors. By combining these two goals, it came up with a series of milestones for Bitcoin’s price, such as $150k, $200k, $250k, and so on.
Each time when Bitcoin conquers one of these milestones for the first time, the project will airdrop free BTC to its token holders.
In other words, if you wish to get some Bitcoin but you find it too expensive to buy now, you can invest in BTCBULL instead, and then wait for Bitcoin to reach one of these milestones, and you will get free BTC.
Along the way, you can also increase your BTCBULL supply through staking for an annual return of 111%.
The project also introduced token burning mechanics, which will remove a certain portion of BTCBULL from circulation each time when Bitcoin’s price grows by $25k, starting when the BTC price hits $125k.
The burns will result in greater scarcity, which will put upward pressure on the project’s price.
Influential YouTube channel 99Bitcoins, with more than 725k subscribers, says BTCBULL has the potential to 100x after launch.
BTCBULL tokens are priced at $0.00242 apiece right now.
Buy before a price hike in less than 2 days to lock in the best deal.
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