**Pi Network Faces Challenges Amid Exciting Speculation of Binance Listing**
Pi Network is currently navigating some resistance, but the buzz surrounding a potential listing on Binance is sparking optimism among investors. However, upcoming token unlock events could lead to significant selling pressure, raising concerns about a possible dip below the $1 mark. At present, Pi Network’s value hovers around $1.35. Despite the overall volatility in the market, Pi has shown relative stability, trading between $1.41 and $1.30 throughout the day. Nevertheless, the token has experienced a decline of nearly 26% over the past week, suggesting some underlying weakness. Market participants are exercising caution, as future token unlocks may exacerbate selling pressure. According to data from PiScan, approximately 9.05 billion Pi tokens, valued at around $18.11 million, are unlocked daily. Notably, the unlocks scheduled for March 17 and March 21 will release 23.1 million Pi (worth $46.27 million) and 23.4 million Pi (valued at $46.88 million), respectively. Over the next 30 days, a total of 271.68 million Pi tokens, approximately $543.36 million, will be unlocked. With such a substantial influx of tokens into the market, concerns are mounting about a potential drop below the crucial $1 psychological support level. Traders are closely monitoring key support and resistance levels. Currently, Pi faces strong resistance at $1.4561; if buyers cannot push through this barrier, a further decline may be on the horizon. Conversely, if the price falls below the $1.2084 support level, a deeper drop toward $1.1859 could follow.
**Pi Adoption Expands into Real Estate**
In the midst of price fluctuations, Pi Network has achieved a significant milestone in adoption. Zito Realty LLC, a real estate company based in Florida, has begun accepting Pi Coin as payment for property transactions. This development positions Pi alongside Bitcoin as one of the few cryptocurrencies accepted in the trillion-dollar U.S. real estate market. As of 2024, the U.S. real estate sector has grown to an impressive $3.43 trillion, making Pi’s entry into this arena a noteworthy accomplishment. Zito’s acceptance of Pi promotes real-world usage and solidifies the token’s status as a mainstream financial instrument. By incorporating Pi into real estate transactions, the company aims to contribute to the network’s long-term vision of decentralized finance. This announcement aligns with Pi’s broader initiative to gain mainstream acceptance. Given the significance of the real estate sector, this move could pave the way for further integrations across various industries. If more companies follow suit, Pi’s use cases could expand, leading to increased demand over time.
**Potential Binance Listing Could Propel Pi Coin to $2**
Despite the short-term selling pressure that Pi is currently facing, market sentiment remains optimistic regarding a potential listing on Binance. Pi Coin ranks 11th in market capitalization, placing it among the top digital assets yet to be listed on the exchange. As previously reported, a recent Binance voting session revealed that 86% of participants favored listing Pi. Given Binance’s tendency to list high-ranking cryptocurrencies, traders are hopeful that Pi could be next in line. With Pi Day (March 14) approaching, excitement is building around the possibilities ahead.
