The post Pi Coin Price Prediction: Binance Eager To List Pi Network, Is $3 Incoming? appeared first on Coinpedia Fintech News
Pi Coin has shown growth over the past 24 hours, inching closer to the $1 mark after hitting lows of $0.86. The digital currency is now trading at $0.99, marking a gain of more than 5% in the last day. This upward momentum has many wondering if Pi Network can continue to push beyond the $1 levels and continue its climb.
Next Target: $1.35, but $1.20 Stands as a Major Hurdle
Despite recent gains, Pi Coin faces a hurdle at $1.20. Breaking through this resistance could see the coin targeting the $1.35 level, a critical milestone. However, it is far from easy as Pi has shown volatility. If it manages to surpass the $1.90 mark, analysts believe a rally towards $3 could be possible.
Market Cap Drop: Pi Coin’s Recent Struggles
In the past week, Pi Coin’s market position has been shaky. The cryptocurrency has dropped dramatically from the 11th to the 21st spot by market cap. While this decline is concerning, it’s important to note that Pi still holds potential for recovery.
Binance Snub: Could it Affect Pi’s Growth?
One of the major contributing factors to Pi’s recent market dip is Binance’s decision not to include Pi Coin in their latest listing vote. Binance ran a poll, and an overwhelming 86% of participants voted in favor of listing Pi.
Despite this support, Binance has yet to make a move, and this delay may be costing both Pi and Binance in terms of trading volume and revenue. According to analyst Kim Wong, Pi’s average 24-hour trading volume is around $500 million, making it a considerable asset that Binance could capitalize on.
Binance’s Dilemma: Trust Issues and Internal Struggles
Wong also speculated that Binance may be hesitant to list Pi due to internal issues that could affect their ability to build trust with the community. While the exchange might be eager to list Pi in the future, it must first resolve its own challenges. For now, the crypto community believes that Pi’s listing will happen eventually, but there’s no need for frantic demands or negotiations.
