Pi Network Price in Vietnam Increases Sharply After Binance Considers Listing

Since the news that Binance opened a community vote on the possibility of listing the Pi Network on this leading crypto exchange, the price of PI on the OTC market in Vietnam has risen sharply. The demand to buy PI from individuals has increased significantly. Meanwhile, many experienced investors are advising to sell early before PI is officially listed.

Here are some observations from BeInCrypto on the latest community reactions to this controversial project.

Also Read: Binance Holds Community Vote on Listing Pi Network

Pi Network Price Doubles on P2P Market in February

A week ago, the PI Token was being bought P2P at around 30,000 VND. But now, many individuals have started offering prices ranging from 50,000 VND to 60,000 VND. Binance's opening of the listing vote has driven the expectation that PI will be listed on Binance.

A survey on Binance Square shows that over 80% have voted "YES" for the listing of PI, even though there are still 9 days left before the survey ends. This makes many believe that the listing of Pi Network on Binance is almost certain.

The PI/USDT price on the Goonus exchange has risen from $2 on the 17th to a high of $4.6 on the 18th. Converted to Vietnamese Dong, 1 PI is currently worth over 100,000 VND. However, there is a large disparity and many differences between the P2P price (negotiated between individuals) and the price on the exchange. This situation somewhat reflects the temporary chaos in investor expectations.

Investors like Bi Can Tho believe that the current PI price is still cheap and an opportunity to accumulate.

"There's no more chance to buy at low prices!" - Investor Bi Can Tho said.

Currently, Pi Network is transitioning to the Open Network phase, with the Mainnet launch expected on 20/02/2025. The list of exchanges supporting the Pi Token has expanded, including OKX, Bitget, MEXC, and HTX.

Should You Accumulate or Sell PI Before Official Listing?

The crypto investor community in Vietnam shows a clear division in the face of the Pi Network wave. Many investors are skeptical or indifferent, while those who already have PI continue to nurture their expectations. And the expectations for the PI price are boundless, ranging from $0.001 to hundreds or even thousands of dollars.

Therefore, whether to buy or sell PI at this time has become a matter of conflicting opinions.

"Pi is like the current tokens, it will be good until it's listed on the exchange. I advise those who bought OTC to dump it all, it will collapse before anything else is figured out." - Hoai Nam - Founder of Holdstation - said.

Investors like Hoai Nam believe that PI is similar to the previous Tap-to-earn movement on Telegram. This movement attracted tens of millions of participants, but the price plummeted when it was listed. However, those who started mining PI early have a more positive outlook.

"I've been mining PI since 2019, since it first came out. Honestly, each person can only get 3,000 - 5,000 PI (purple PI), the bulk of the PI is from referrals (golden PI), but from then until now, the referral PI hasn't been paid out. So the actual circulating supply is very low, not to mention that when you receive PI, a portion of it is locked. We'll see if there's anything hot for the referral PI in the next 10 days, as it's counting down on the golden PI section. If the referral PI is paid out, then the circulating supply will be higher, and it's all about the referrals when it comes to mining PI. My personal prediction is that the listing price will be around $5 per PI, what do you think?" - Investor Lam Ninh said.

"Pi ref" refers to the PI received from referrals. Investors like Lam Ninh believe that the PI payout policy will determine the initial supply, which will then affect the price. However, the predicted price above is still much lower than the expectations of some PI mining communities. They believe that PI should be priced at least $3.14 or $314 or higher (but related to the number 3.14, which is the mathematical constant Pi).

Also Read: How to Buy PI Coin from Pi Network

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