Will Pi Coin Skyrocket to $2 After Potential HTX Listing? Here’s What You Need to Know

Jakarta, Pintu News – The price of the Pi Network (PI) briefly decreased on May 13, 2025 after previously spiking, as some investors decided to take profits.

This drop could be the calm before the storm, as Pi Network is gearing up for a big announcement tomorrow – possibly a listing on the HTX exchange.

This article discusses whether the coin’s price could jump up to $2 if the listing does happen.

Will the Price of Pi Network Soar if there is a Listing on HTX?

The price of the Pi Network is expected to potentially experience a large spike as traders await the important announcement scheduled for Wednesday, May 14, as announced by the Core Team last week.

Read also: Pi Network’s Big Announcement on May 14: What Does the Community Expect?

This is an unprecedented move, as the developers have never teased the public with such a big announcement before.

This announcement comes two weeks after Pi Network founder Nikolas Kokkalis attended the Token2049 event in Dubai – a mega-event that was also attended by crypto industry leaders such as Justin Sun and Changpeng Zhao.

The news is expected to be released to coincide with the start of the Consensus Toronto event, which will also be attended by important figures of the crypto world, including policymakers such as Robert Hines.

Some crypto analysts speculate that Pi Network will announce a listing on one of the major exchanges.

The HTX name continues to rise in speculation, especially since Justin Sun – who advises HTX – has been actively displaying the HTX logo in many of his social media posts recently, further fueling expectations of a listing there.

Will Binance and Upbit List Pi Network?

Besides HTX, other major exchanges such as Binance and Upbit are also potential candidates. Binance users are rumored to have unanimously agreed to accept Pi Coin listing, while Upbit is predicted to consider due to the large number of Pi Coin holders in South Korea.

Historically, the price of cryptocurrencies often spikes sharply – even by triple-digit percentages – when they start trading on major exchanges.

Pi Coin’s price is also likely to rise if there are other major announcements, such as strategic partnerships or token burns. The process of burning tokens will help alleviate concerns over tokens being released to the market(unlocks).

However, there is an important caveat: the initial price spike may be short-lived due to the phenomenon known as buy the rumor, sell the news – where assets rise ahead of a major announcement, only to fall after the announcement is actually released.

Pi Network Price Analysis

Technically, the price of Pi Coin still has the potential to go higher after its latest drop.

Read also: Pi Network Price Up 17% Today (May 14): PI Coin Shows Strength!

Currently, a bullish pennant pattern is slowly starting to form on the 8-hour chart. This pattern is usually characterized by a sharp vertical line followed by a symmetrical triangle pattern – a further indication of an uptrend.

Another bullish aspect is seen from the Elliott wave pattern. The current decline seems to be part of the second phase in the pattern. The first phase has already been successfully passed, characterized by the price increase from the low of $0.5572 last week to the peak of $1.6638.

If this Elliott pattern continues to run according to theory, then it is likely that the price will enter the third phase. This phase has the potential to push prices towards the 78.6% Fibonacci retracement point at $2,455. This view will be even stronger if the price manages to break this month’s high at $1.6638.

However, if the price falls below the $1 psychological point, then the bullish projection for Pi Coin could be considered forfeited. The drop would be a signal that the selling pressure from the bears is still strong enough to push the price lower.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Will Pi Coin Price Surge to $2 if HTX Lists Pi Network Tomorrow. Accessed on May 14, 2025