In the context of the price of Pi Coin continuing to struggle for a breakthrough, lively discussions are taking place regarding potential factors that could help this coin increase in value. Many have pointed to the lack of transparency or significant developments from the Pi Core Team as the reasons behind this stagnation.
Moreover, many community members believe that the delay in listing on major exchanges like Binance or Coinbase may have hindered the growth of Pi Network. In this context, a renowned market expert has revealed the main reasons that could cause the delay in Pi Network's listing.
However, it should be noted that not everyone in the community believes that this listing will have a significant impact. A recent analyst stated that the price of Pi Coin will naturally increase at least 100 times, even without the presence of Binance or Coinbase.
So, let's take a look at the recent developments of this asset. Additionally, we will also discuss the reasons that may lead to the listing delays and the price that could naturally increase in the coming days.
Pi Coin Remains Stable Despite Strong Surge in the Cryptocurrency Market
The price of Pi Network has fluctuated between $0.44 and $0.50 over the past few weeks, causing many to express frustration about the consolidation phase. Notably, this occurs despite the strong overall growth of the cryptocurrency market, with Bitcoin reaching a new all-time high.
As of the time of writing, the price of Pi Coin has dropped nearly 4% today and is trading at $0.45. The trading volume of this coin has remained flat in the 24-hour timeframe at $78.83 million.
This cryptocurrency has reached a high and low within a day of $0.4704 and $0.4471 respectively. Notably, the value of Pi has decreased by about 1% on the weekly chart, while also dropping approximately 26% over the past 30 days.
Meanwhile, the drop in the price of this cryptocurrency, despite the overall market growth, has caused concern among traders. In addition, the latest loss has also led to Pi Coin being removed from the top 30 cryptocurrency rankings by market capitalization.
Expert Reveals Reasons Behind the Delay in Pi Network Listing
In the context of Pi Coin struggling to break through, discussions about potential factors driving growth are heating up. In this context, renowned market expert Kim H Wong has revealed reasons that may lead to delays in the listing of Pi Network on major exchanges like Coinbase and Binance.
According to Wong, this delay stems from three main factors:
The blockchain code of Pi Network is not fully open.
There is no third-party security audit.
It is possible that Pi Network has not applied for listing.
The expert's analysis shows that Pi Coin has made significant progress, including the establishment of a $100 million venture capital fund and Pi App Studio. However, he notes that Pi Network still needs to address these critical issues.
The lack of verified third-party audits and the closed mainnet status may hinder Pi Network's listing prospects on Coinbase and Binance. He stated that these leading exchanges prioritize verified security and compliance.
However, Wong advises investors to focus on developing the ecosystem and mass adoption, rather than daily price fluctuations. With the infrastructure ready, he stated that Pi Network is poised for growth, and patience could be rewarded with significant profits in the future.
Can Pi Coin Increase in Value by 100 Times Without Major Listings?
While discussions are heating up about how major listings could significantly impact the price of Pi Coin, analyst Dr. Altcoin shares a different perspective. He notes that the price of Pi Network will grow "naturally" even with the support of Binance or Coinbase.
In a recent post on X, this expert stated that Pi Network's focus on building a peer-to-peer ecosystem with practical utility is what sets it apart from other projects. He believes that the price of Pi Coin will grow naturally as the ecosystem is widely adopted.
He cited Pi Network's AI App Studio and a $100 million venture capital fund as potential reasons for future growth. Additionally, Dr. Altcoin predicts that as the ecosystem expands, the value of Pi will stabilize and increase over time.
While one user mocked his viewpoint, emphasizing the asset's downward trend, Dr. Altcoin made a bold prediction. He predicts that Pi will reach a price 100 to 300 times its current value within the next five years.
This has also sparked much discussion among traders, while reflecting his trust in this asset.
