There is a lot of talk in the cryptocurrency world about whether Binance, the biggest cryptocurrency exchange in the world, will finally sell Pi Network (PI) on March 14. Even though Binance hasn’t confirmed it yet, investors and Pi fans are getting more and more excited.
Strong Community Demand for Binance Listing
Pi Network is already on a number of controlled exchanges (CEXs), but Binance has not yet added it. Eighty-six percent of people who voted on Binance’s community vote in February were in favor of the listing. Binance hasn’t said anything about this, though.
Pi Network has hit over 2 MILLION Twitter followers!
A big thank you to all our supporters today.We’re so excited for the future, as the Pi community continues to build a Web3 Pi ecosystem full of amazing apps and utilities on the Pi Browser. pic.twitter.com/cVcd0BU3oF
— Pi Network (@PiCoreTeam) November 15, 2022
The fact that Pi Network will be six years old on March 14 adds to the mystery. A lot of people think that this important event could be the right time for Binance to announce the listing. But Binance hasn’t said anything about it, so investors and fans are still waiting.
Pi Network’s Price Volatility
The price of Pi Network has been going down for a few weeks now. PI has dropped by 20% in the last week and is now selling around $1.40. This drop is in line with the adjustment in the crypto market as a whole. But experts think that a listing on Binance could cause a big price jump, which could bring PI’s value back to $3 or even higher.
A Divisive Project: Innovation or Scam?
There are people who trust Pi Network, but there are also people who don’t. Supporters see it as a big step forward in open mining because it lets people mine cryptocurrency on their phones while using very little power. Critics, on the other hand, say that the project has moved too slowly and that early users are getting frustrated with the frequent delays.
Pi Network’s Open Network was launched in 2019, but it didn’t start working until this year, which made some people doubt its legitimacy. Even with these worries, PI is still traded on big exchanges like OKX, Bitget, MEXC, and Gate.io. A Binance listing could give it a lot more respect and help it get more users.
Binance’s New Listing Approach
Binance added a new co-governance system for adding and removing tokens on March 8. The community can have their say on upcoming listings through this system. Binance said it had received user ideas and would be making changes to the way it lists items. The people who are part of the Pi Network are still hopeful that these changes will help them.
Price Outlook and Market Trends
With a market value of $9.85 billion, Pi Network is currently ranked 11th in the world. Its price recently went up by 5%, to $1.37, but it’s still under pressure because the market is unstable. The value of the token has been going up and down between $1.00 and $2.00, and technical signs show that problems are on the way.
Support is still at $1.00, and resistance is still at $1.50. If Pi breaks above $1.50, it could go through the roof and reach $2.00, which would be a 43% rise from where it is now. But if support isn’t kept up, prices could fall even more.
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Will Binance Finally List Pi Network?
As of right now, Binance has not officially confirmed that the Pi Network will be listed. But in the world of cryptocurrency, where things change quickly, opinion often determines how people feel about the market. If what people say is true, March 14 could be a big day for Pi Network. If not, fans might have to keep waiting for Binance to say yes.
(Disclaimer: This article is for informational purposes only and should not be considered investment advice. Investors are advised to consult financial experts before making investment decisions.)
