Pi Network made headlines this week as cryptocurrency was trending on social media platforms like Twitter and Reddit. Pi Coin holders expect the cryptocurrency to be listed on crypto exchanges after the next mainnet launch.
After that it will be possible to buy and sell Pi Coins. One of the biggest crypto exchanges, Huobi, has already announced its interest. In this article, we take a look at the outlook for Pi Network in 2023.
Will Pi Coin be listed on Huobi?
Pi Network and its associated cryptocurrency Pi Coin is a crypto project that has recently gained notoriety. His Twitter account has over 2 million followers and over 50 million people have downloaded Pi Network’s app. The project also has its own web browser – the Pi Browser. This has been downloaded around 10 million times. Both apps have outstanding user reviews.
Pi Network promises a future where anyone with a smartphone can mine cryptocurrencies. For now, it is only for advanced users who mine cryptocurrencies like Bitcoin (BTC) with powerful hardware.
Moreover, the developers hope that the ecosystem will be dynamic enough to create new blockchain applications and games in its ecosystem.
Pi Network has been around since 2018. During that time, Pi Coin holders have accumulated the tokens in their wallets. Since it was not listed on any stock exchange, they couldn’t do anything with it. The only advantage is to participate in its ecosystem and make payments.
This could change in 2023 if the developers manage to list the coin on major exchanges. In a statement this week, Huobi said he is currently investigating the coin and considering listing it:
Pi Network Price Prediction 2023
If the Huobi listing continues, that means Pi Coin holders will be able to sell their tokens for fiat currencies such as Euro or US Dollar. It will also be one of the biggest crypto news of the year. The listing price of the altcoin is still unclear.
However, based on the lessons of 2022, it will not be recommended to buy Pi Network right after listing this cryptocurrency. In the past, for example, we have seen the price of Step’N’s GMT token crash after initial listing, despite being one of the most anticipated tokens in 2022.
Likewise, the native token of Aptos, a crypto platform backed by Binance and Andressen Horowitz, plunged to its all-time low. Sweatcoin also crashed to an all-time high.
Even then, it’s safe to assume that most Pi Coin holders will be rushing out and flooding the market with supply. This will then cause the price to fall sharply.