🚀 Pi Network Expands to Fiat On-Ramps — Is Binance the Next Big Move?
This opens up new retail demand that might make the long-term price of Pi coins appear better.
The news seems to be good for the market, which has gained 5% in the last day. This might represent a change in mood after Pi2Day turned out to be a sell-the-news event for the cryptocurrency.
Pi Network has added two more Know Your Business (KYB)-verified businesses to its list, bringing the total to eight.
These services make it easier for anyone to get into the market by getting rid of the necessity for crypto-to-crypto exchanges.
The integration gives the Pi Network a lot more legal legitimacy since it meets international AML and compliance criteria.
This makes it easier for real-world businesses and applications to start using Pi without having to deal with infrastructure or regulatory issues.
The price of PI coins is still sensitive to short-term speculative trading since there isn't a good use case for them to support long-term growth.
In the future, the connection might potentially provide a framework for further exchange inclusion, making Pi Coin ready to be listed with safe, regulatory, and verified liquidity channels.
The announcement seems to have immediately made the market feel better, even if the alliance is supposed to enhance positive fundamentals in the long run.
The $0.50 local bottom, which formed during the "buy-the-rumor" run-up to Pi2Day, has remained strong as a major support zone. A solid recovery has confirmed optimistic optimism.
This has caused a falling wedge to break out, which means that the technical price goal for PI coins is now close to $0.60, which is 22% higher than where they are now.
