The Pi coin lastly launched on the mainnet right this moment, which has already led to predictions on how excessive the crypto may rise following the launch. Now, crypto analyst Gem Hunter has offered a bullish outlook for the coin, suggesting that it may even surpass the XRP worth after it will get listed on Binance.
Pi Coin Could Surpass XRP Price After Binance Listing
Gem Hunter lately steered that the Pi coin worth may surpass the XRP worth after a possible Binance itemizing. In an X post, the analyst famous that Pi community’s chart doesn’t look dangerous in any respect and hinted that the present worth was the underside.
The analyst additional remarked that the Pi coin had recorded nearly $1 billion buying and selling quantity in eight hours regardless of itemizing on only some centralized exchanges (CEXs). Gem Hunter acknowledged that the actual enjoyable will begin when Binance and different top crypto exchanges checklist Pi. As such, he urged market individuals to purchase the dip and maintain.
The analyst’s accompanying chart confirmed that the Pi coin worth may rally to as excessive as $2.8 when Binance and these high exchanges doubtlessly checklist the coin. A rally to this worth degree may put Pi above the XRP worth, which is presently buying and selling at round $2.6.
It is value mentioning that Binance is presently operating a community poll on whether or not it ought to checklist Pi. Most neighborhood members have voted for the highest crypto change to checklist the coin. As such, there may be the likelihood that Binance may checklist the crypto sooner or later, which would offer some bullish momentum for its worth.
The Pi community mainnet formally launched right this moment. Consequently, the Pi coin additionally went stay on a number of exchanges, together with OKX, and reached an all-time excessive (ATH) of $2.2 earlier than witnessing a worth correction.
XRP Price Could Surge Before Then
Crypto analyst Dark Defender lately predicted that the XRP worth may surge to $3 quickly sufficient, a transfer which might see the crypto surpass the projected $2.8 degree for Pi coin. According to the analyst, XRP will see a break in direction of $2.77 first after which in direction of $3 “within hours.”
Meanwhile, in his evaluation of XRP within the 12-hour time-frame, crypto analyst Egrag Crypto famous that the coin has bounced off the low fringe of the ascending triangle, exhibiting bullish momentum. The analyst acknowledged that concentrating on $2.83 is the subsequent bullish milestone for XRP.
Egrag Crypto additional remarked {that a} bullish sign will happen when XRP closes above the $2.90 and $3.10 vary with affirmation. He claimed this may flip this vary into robust assist for a bullish continuation and a significant milestone from a structural perspective.
The XRP price is already up right this moment because of bullish fundamentals such because the SEC’s acknowledgment of the XRP ETFs and Hashdex’s XRP ETF, which is about to launch in Brazil.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto information author and editor who has lined subjects that lower throughout DeFi, NFTs, sensible contracts, and blockchain interoperability, amongst others. Boluwatife has a knack for simplifying essentially the most technical ideas and making it straightforward for crypto newbies to grasp. Away from writing, He is an avid basketball lover and a part-time degen.
Disclaimer: The introduced content material could embrace the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
