The imminent launch of the Pi Network’s mainnet is generating considerable buzz around Pi Coin. Following its recent listing on the OKX exchange, the coin’s value experienced a remarkable 100% increase, igniting speculation about a possible listing on Binance. However, as it stands, neither Binance nor the Pi Core Team has confirmed any details, leading to a key question: Will Binance indeed list Pi Coin, or is this all just speculation?
What Makes Pi Network Unique?
Unlike conventional cryptocurrencies, Pi Network permits mining through smartphones, making it accessible to a broad audience. This feature raises questions about its market value. Many believe Pi Coin was designed not for speculative trading but for everyday transactions. If this is the case, its adoption might be gradual, particularly if it does not secure listings on major exchanges.
What Are Major Exchanges Saying About Pi Coin?
The potential listing of Pi Coin remains a hot topic among exchanges. Bybit has already announced it won’t be listing Pi, and HTX has removed the Pi/USDT trading pair, indicating a lack of confidence from prominent platforms.
• Pi Network is gaining traction on social media, ranking among the top cryptocurrencies.
• Binance and other exchanges are cautious due to regulatory concerns in China, where the project faces scrutiny.
• Current speculations suggest Pi Coin could reach between $93 and $220 by 2025, while its current trading price sits around $72, having dropped 10%.
• Without exchange support, the hype could fade quickly, leading to price declines.
The uncertainty surrounding Binance’s decision adds to the speculation. If significant exchanges choose not to list Pi Coin, the current excitement may fade rapidly, potentially resulting in a sharp decline in its value.
