Pi Network has been a hot topic in the crypto community even before the launch of its token. With the token’s official launch and listing on major exchanges, the attention has multiplied. Investors hope for the price of PI token to reach $10, especially after a parody Elon Musk account promoted it. As of now, Pi Network is trading at $1.73, showing a 6.5% growth in the past 24 hours. Various reasons contribute to the price increase, such as nearing Pi Day and migration to the mainnet scheduled for March 14, potential listing on Binance, and increasing market participation. Additionally, the parody Elon Musk account, with a large following, has supported Pi Network and even announced a $500 PI giveaway to followers. The account owner’s portfolio image reveals owning over 2.13 million PI, gaining almost 100% profit from the token, boosting investor confidence and buying excitement. However, reaching $10 seems unlikely in the short term, even with the Elon Musk parody account’s promotion. Yet, in an optimistic scenario, if a significant market uptrend occurs or cryptocurrency reserve funds support PI, this goal may not be out of reach.
