PI: The Next Big Hype ?
Hello Traders 🐺
At the time of reading this idea, PI (IOU) is trading around $115 - $190, which, in my opinion, is a very solid price for an IOU. But why? Let me explain it further:
1️⃣ IOUs are usually priced higher than the actual asset, but the interesting part is that when an IOU holds such a high value, it often indicates a strong potential for a good price once the real mainnet launches on February 20th.
2️⃣ PI has now become the 5th most-followed account on platform X, surpassing ETH! This is quite incredible in my opinion, especially considering that the mainnet hasn’t even launched yet! This shows that PI has a very strong and engaged community.
3️⃣ Many exchanges have already decided to list PI once the mainnet goes live. However, there is still no confirmation regarding a potential Binance listing. But if Binance does list PI, we could expect a massive hype and a strong price rally!
🔹 From a technical analysis (TA) perspective, there isn’t much to discuss yet. However, we can see that a triangle pattern has formed, and the price is currently trading above the resistance, which means a breakout has already occurred! 🚀
🐺 Stay sharp, trade smart! – KIU_COIN 🐺
At the time of reading this idea, PI (IOU) is trading around $115 - $190, which, in my opinion, is a very solid price for an IOU. But why? Let me explain it further:
1️⃣ IOUs are usually priced higher than the actual asset, but the interesting part is that when an IOU holds such a high value, it often indicates a strong potential for a good price once the real mainnet launches on February 20th.
2️⃣ PI has now become the 5th most-followed account on platform X, surpassing ETH! This is quite incredible in my opinion, especially considering that the mainnet hasn’t even launched yet! This shows that PI has a very strong and engaged community.
3️⃣ Many exchanges have already decided to list PI once the mainnet goes live. However, there is still no confirmation regarding a potential Binance listing. But if Binance does list PI, we could expect a massive hype and a strong price rally!
🔹 From a technical analysis (TA) perspective, there isn’t much to discuss yet. However, we can see that a triangle pattern has formed, and the price is currently trading above the resistance, which means a breakout has already occurred! 🚀
🐺 Stay sharp, trade smart! – KIU_COIN 🐺
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.