Coinbase Hints at Pi Network Listing—Could Pi Coin Soar 30%?

Coinbase Hints at Pi Network Listing—Could Pi Coin Soar 30%?

  • 17.03.2025 16:40
  • crypto-news-flash.com
  • Keywords: dangerous, success

Coinbase's legal chief hinted at a Pi Network listing via a Pi Day tweet, sparking speculation of a 30% price surge for Pi Coin despite its recent decline to $1.36 and reduced trading volumes.

Coinbase ReportsCOINsentiment_satisfied
open_in_newOriginal article

Estimated market influence

Coinbase

Coinbase

Positivesentiment_satisfied
Analyst rating: Buy

Coinbase's potential listing of Pi Network could significantly boost Pi Coin's price and liquidity.

Pi Network

Negativesentiment_dissatisfied
Analyst rating: N/A

Despite positive developments, Pi Coin has experienced a recent drop in price and trading volumes, indicating market uncertainty.

Context

Analysis of Coinbase Pi Network Listing Speculation and Market Implications

Overview

  • Coinbase Chief Legal Officer Paul Grewal hinted at a potential listing of the Pi Network on Coinbase via a cryptic tweet on Pi Day (March 14).
  • Market analysts predict a 30% rally for Pi Coin, potentially reaching $1.83 by March 22.

Key Facts and Data Points

  • Current Price: Pi Coin dropped 8.03% to $1.36.
  • Daily Trading Volume: Decreased by 10% to $359 million.
  • Market Cap Rank: Pi Network is the 11th largest cryptocurrency by market cap.
  • Token Supply: 82.8 billion tokens controlled by the Pi team, sparking investor concerns.

Market Sentiment

  • Optimism: Analysts believe a Coinbase listing could drive significant liquidity and further price appreciation.
  • Volatility: Pi Coin experienced positive price movement on 8 out of 25 days in the past month, with notable market fluctuations.
  • Bearish Signals: Recent selling pressure and reduced trading volumes indicate bearish sentiment.

Competitive Landscape

  • Potential Listing Impact: A Coinbase listing would provide a major boost to Pi Coin's liquidity and mainstream adoption.
  • Comparison with Binance: Earlier speculation about a Binance listing also fueled price rallies, but Coinbase's influence is seen as more significant.

Recent Developments in the Ecosystem

  • Pi Domains Launch: Introduced domain bidding with .pi domains, exclusively accepting Pi Coins for auctions.
  • Ecosystem Growth: Proceeds from auctions will fund developer programs and initiatives to expand Pi's utility.

Regulatory Considerations

  • No explicit mention of regulatory impacts in the text, but the large token supply under team control raises governance concerns.

Long-term Outlook

  • Potential Price Rally: Analysts project a 30% increase in price if Coinbase listing materializes.
  • Investor Caution: Concerns about token distribution and market volatility may impact long-term adoption.

Key Takeaway

The potential Coinbase listing has sparked significant interest and speculation, with analysts predicting a substantial price rally. However, investor sentiment remains cautious due to market volatility and governance concerns surrounding the Pi Network.