Pi Coin is on the Rise Again: But What Does Permanent Success Require?
After a month-long downward trend, Pi Coin (PI) has shown a recovery of 15.8%, rising to $0.615. This increase, combined with the upcoming Pi2Day event, has created new rally expectations in the community. However, experts emphasize that this excitement alone will not bring long-term price increases.
According to Ray Youssef, CEO of NoOnes, Pi2Day is merely a symbolic celebration. More liquidity, broader market access, and the implementation of new products are needed for a real price spike.
Will Pi2Day Trigger a Rally?
The positive atmosphere seen across the crypto market seems to have supported PI's recovery. BeInCrypto reports that the market value has increased by $36 billion in a short time. Meanwhile, many Pi users believe that Pi2Day could lead to a price increase.
Within the community, excited comments like 'We saw $0.6, will it now go to $0.8 - 1 - 2?' are notable. However, experts are more cautious. Ray Youssef states that price movements are based on fundamental market dynamics, and celebrations cannot change these dynamics alone.
Binance Listing Expectations and Realities
A large portion of the community eagerly awaits the listing of Pi Coin on major exchanges like Binance. However, no official step has been taken in this direction so far. This raises the question of why it has still not been listed despite a strong user base.
Youssef states that exchanges make listing decisions based on criteria such as legal compliance, technical adequacy, and liquidity management rather than popularity. The fact that Pi Network has not yet transitioned to an open mainnet and uncertainties regarding token economics and node control are slowing down this process.
Youssef states, 'It is still unclear whether Pi is a utility token or something else,' emphasizing that the lack of transparency poses a significant barrier for major exchanges.
What is Required for Long-Term Success?
Ray Youssef states that despite Pi Coin's widespread user base, it still lacks liquidity and real-world use cases. According to him, the network needs to go beyond mining and open up more space for developers, trading, and third-party applications.
Youssef states, 'The success of Pi depends on being able to trade on an open mainnet, having a transparent token economy, and real use cases,' emphasizing that the project needs to move beyond its closed-loop system for sustainable growth.
Price Analysis: Where is PI's Path Going?
PI is currently trading at $0.615 and is trying to recover from the losses in June. For the current rise to continue, it is critical for the coin to maintain the support level of $0.579. If it can turn the resistance of $0.617 into support, the price could rise to $0.646.
If the rise continues, the previous peak of $0.787 may be tested again. However, if bullish momentum weakens, PI may fall back to $0.541. Falling below this level raises the risk of a drop to $0.500 and invalidates the current upward trend.
Conclusion: The Future Depends on Transparency and Application Power
Pi Coin is attracting attention with community interest and increasing visibility. However, long-term value gain depends on achieving technical developments, exchange listings, liquidity increases, and regulatory compliance. Not just events and expectations, but robust infrastructure and real-world integration will determine the future of PI.
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