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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Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.