Pi Network (Pi) has experienced a remarkable surge, rebounding from a dip to exceed $2 after falling over 50% on its launch day. Analysts attribute this rally to potential listing announcements on platforms like Binance. 1.4 after dropping to $0.77, representing a 5.6% decline from its peak of $1.69. This week’s losses reach 11%, and the market cap stands at $9.4 billion. Pi’s trading volume has also decreased by 38% with $1.07 billion exchanged in the past 24 hours. 75% of Binance users favor listing Pi, boosting investor confidence. Pi Network is gaining momentum as a result of a potential Binance spot listing. According to analysts, a strong hold above the $1.3 support level could propel it towards the $2 mark and potentially reach $3.14 in the short term. Kim Wong, an analyst, recently predicted that Pi would surge past $1 to reach $2 once it clears the $0.8 resistance. Wong highlights Pi’s cross-border transactions and free mobile mining model as positive factors for the network’s growth. Notably, over 10 million users have Pi in their wallets. Despite this optimism, some remain skeptical due to regulatory concerns related to Pi. One user on X argued that Pi’s surge mirrors the rise of meme coins launched by US President Biden. Meanwhile, Bybit CEO Ben Zhou recently claimed that Chinese law enforcement labeled Pi as a scam in 2023. Pi Network has seen support from high-profile exchanges like OKX, Bitget, and MEXC. While experts remain cautious, Pi’s growth is undeniable. This article is for informational purposes only and should not be interpreted as investment advice. The content does not constitute recommendations to buy, sell, or hold any securities.