As May begins, Pi Network is showing stability after a prolonged correction. The price of Pi Coin is fluctuating above the important support level of $0.61, a zone that has held firm multiple times. Currently, it is moving sideways between $0.60 and $0.65, which often indicates that it is preparing for a significant move. The Bollinger Bands are narrowing suggesting that a breakout may be imminent. Over the past day, Pi Coin has risen more than 5% and has increased 14% over the last month. Trading activity is also rising, with daily volume currently at $139.4 million.
Speculation is running high about the listing of Pi Coin on Binance.
Driving the excitement is the post from Pi Barter Mall, stating that Pi Coin (PI) may soon be listed on Binance. The post notes that the PCT (Pi Commerce Team) is in the final negotiation stage with the exchange. This comes after a previous community poll from Binance asking users whether $PI should be launched on this platform, sparking speculation that the listing may occur sooner than expected.
Why is the listing of Pi Network on Binance delayed?
Despite the hype, Binance has yet to officially list Pi. One of the main barriers is the exchange's strict listing criteria. Binance tends to prioritize projects compatible with its BNB Chain, while Pi operates on its own blockchain, raising concerns about compatibility. Additionally, Binance requires clarity in tokenomics, including transparent distribution models, inflation control, and mechanisms to protect the token's value.
Furthermore, transparency remains a key requirement. Binance must be confident in the project's roadmap, the team's disclosure information, and overall reliability. Compliance is another crucial factor; any token must adhere to regulations across various jurisdictions. Pi Network must navigate this complex landscape before securing a spot on the world's largest exchange.
Meanwhile, cryptocurrency analyst Dr. Altcoin has criticized Binance for what he sees as a double standard, condemning the exchange for advertising on the Pi Network app to reach over 70 million users while still refusing to list Pi Coin on its trading platform, despite 86% of the community voting in support.
