At the beginning of May, the Pi Coin cryptocurrency is stabilizing after a prolonged correction. Currently, its price is hovering in a narrow range of $0.60 to $0.65, which may signal an imminent significant price movement. Technical indicators, such as narrowing Bollinger bands, confirm this possibility. Pi Coin has appreciated by more than 5% in the last 24 hours and 14% in the last month, with a daily traded volume of $139.4 million.
Speculation regarding the listing of Pi Coin on Binance is gaining momentum. A post from Pi Barter Mall suggests that the Pi Commerce Team (PCT) is in final negotiations with Binance. This was preceded by a survey directly from Binance gauging community interest in listing $PI. This has sparked optimism that listing could soon become a reality.
So far, however, Binance has not officially listed the Pi Coin. The main obstacle is the exchange’s demanding criteria for listering, including technical compatibility – Binance prefers projects based on its BNB Chain, while Pi has its own blockchain. Other conditions are transparent tokenomics and trustworthy mechanisms to protect the value of the token.
Project transparency also remains an important factor. Binance requires a clear development plan, full team information and compliance with regulatory requirements in each jurisdiction. Pi Network thus has to deal with a challenging approval process before it can be listed on Binance.
Criticism of Binance was also voiced by an analyst posing as Dr. Altcoin. He accused the exchange of double standards – on the one hand, he said, it benefits from advertising on the Pi Network app, which has over 70 million users, but at the same time refuses to list Pi Coin despite 86% community support in a poll.