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The Pi Network community is extremely excited after rumors emerged on X that Pi may be listed on Binance. There are signs indicating this possibility, but no official confirmation has been made yet.
A user shared a screenshot displaying Binance-related features with options for 'Support Binance Connect' and 'Support Binance P2P'. This has attracted a lot of attention as it suggests the possibility of integration between Pi and Binance. Being listed on Binance would be a significant step for the community as it would increase liquidity, attract developers, and confirm Pi's progress in the broader cryptocurrency world.
Why hasn't Pi Network been listed on Binance yet?
Analyst Kim H Wong shares the reasons why Pi Network has not yet been listed on major exchanges like Coinbase and Binance. He points out three main reasons: The blockchain code of Pi Network is not yet fully open source and the third-party security audit is not complete. Finally, Pi Network may not have officially applied for listing on these platforms yet.
Currently, Pi Coin is traded on popular exchanges like OKX, MEXC, and Bitget. Kim believes that Pi Network will address issues related to open source and auditing over time.
The analyst calls for a focus on ecosystem growth
He believes the focus should be on building the Pi ecosystem and promoting widespread adoption. With Pi's $100 million venture capital fund and Pi App Studio supporting developers to create applications with AI, a bright future awaits Pi.
He also explained that while third-party security audits are key to being listed on Coinbase and Binance, open source is not always required. However, having audited and transparent source code will build trust.
The price of Pi coin will rise
The Pi community expects the price to continue rising as the large token unlock event from July has ended, and no significant sell-off is predicted in August. While many altcoins have risen 20-50%, Pi coin is still on an upward trajectory and has increased over 6% in the past week. Technical charts also indicate that Pi is recovering from oversold levels, signaling a potential upward trend.
Currently, Pi Coin is trading at $0.4789, up 5.6% in the past 24 hours, with a trading volume of over $246 million. Analysts note that with fewer newly unlocked coins and stable trading volume, this is an ideal condition for Pi Coin to increase in price. Dr. Altcoin predicts that the price of Pi may begin to rise naturally by the end of August.
In the latest update, Pi Network introduced a new 'Buy' feature in the Pi Wallet. This feature allows users to buy Pi directly with fiat money, credit/debit cards, or Google Pay without relying on other cryptocurrency exchanges.