As May arrives, Pi Network emerges from a prolonged correction phase, achieving price stability. Currently, Pi Coin is trading slightly above $0.61, a level that continues to act as robust support despite being tested multiple times in the past. The price is oscillating between $0.60 and $0.65, a compression often viewed as a prelude to a significant price movement. The narrowing of Bollinger Bands indicates an impending breakout. Pi Coin has gained over 5% in the last 24 hours, increasing its value by 14% in the past month. The daily trading volume reached $139.4 million, signaling growing interest.
Speculations on Binance Listing Heat Up
One of the primary drivers of the heightened interest in Pi Coin is a social media post by Pi Barter Mall. The post claimed that the Pi Commerce Team (PCT) is close to finalizing a listing agreement with Binance. This claim follows a recent community survey conducted by Binance, asking if “$PI should be listed?” In that survey, 86% of respondents favored the listing.
However, Binance has yet to provide official confirmation. Binance’s stringent listing criteria are currently the main obstacles delaying Pi Coin’s entry onto the exchange. Binance prioritizes projects compatible with its BNB Chain, which delays the listing. As known, Pi utilizes its private Blockchain, raising technical compatibility questions.
Overcoming Transparency and Compliance Hurdles
Another hurdle for Pi Coin’s listing on Binance is the transparency criterion. Binance requires that projects have a clear tokenomics structure, and explicitly outline the supply-demand balance, inflation control, and value protection mechanisms. Additionally, comprehensive details on team information, project roadmap, and future goals are necessary. Observers note that Pi Network still has some deficiencies in these areas.
Moreover, legal compliance is a crucial factor. Due to Binance’s relationships with regulatory bodies in various countries, all altcoins to be listed must comply with international standards. The timeline and methods for Pi Coin to navigate this challenging process remain uncertain.
On the other hand, crypto analyst Dr. Altcoin accuses Binance of double standards. According to the analyst, Binance attempts to reach over 70 million users by advertising on the Pi Network application. Yet, despite community support, Binance remains reluctant to list Pi Coin on its exchange.
