- Pi Network’s price has surged by 5% in the last day, fueled by rumors that Pi Coin may soon be listed on Binance.
- However, Binance has yet to list Pi due to concerns over compatibility, tokenomics, and regulatory compliance.
As May begins, Pi Network has emerged from a prolonged correction with a promising surge in price. Pi Coin is currently trading above the critical $0.61 support level, a zone that has proven resilient over time. Right now, the coin is moving in a narrow range between $0.60 and $0.65, often signaling the potential for a breakout. With the narrowing of Bollinger Bands, traders are anticipating that a major price move could be on the horizon. Over the past 24 hours, Pi Coin has gained more than 5%, and in the past month, it has climbed by 14%. Additionally, trading volume has seen a noticeable uptick, with daily volumes reaching $139.4 million.
Speculation Over Pi Coin Binance Listing Heats Up
The excitement surrounding Pi Coin is being fueled by a post from Pi Barter Mall, which hinted at the possibility of Pi Coin (PI) being listed on Binance. The post claimed that the Pi Commerce Team (PCT) is in the final stages of negotiations with the world’s largest exchange. This came just after Binance conducted a community poll, asking users whether $PI should be launched on the platform, sparking rumors that a listing could be closer than anticipated.
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Why Pi Network’s Binance Listing Has Been Delayed
Despite the growing buzz, Binance has yet to officially list Pi Coin. A major reason for the delay lies in the exchange’s stringent listing criteria. Binance typically favors projects that are compatible with its BNB Chain, whereas Pi Network operates on its own blockchain, raising concerns about compatibility. Moreover, Binance places a significant emphasis on tokenomics, requiring clear distribution models, inflation control, and mechanisms to protect token value.
Transparency is another key factor. Binance needs to be assured of the project’s roadmap, team disclosures, and overall reliability. Additionally, compliance with regulations in various jurisdictions is a must. Pi Network has to navigate these challenges before it can secure a spot on Binance.
Binance’s Alleged Double Standards
Crypto analyst Dr. Altcoin has criticized Binance for what he perceives as double standards. He pointed out that the exchange advertises on the Pi Network app, which boasts over 70 million users, but still refuses to list Pi Coin on its trading platform, despite an overwhelming 86% of the community voting in favor. This ongoing debate leaves many wondering when Pi Coin will finally make its debut on Binance.