Pi Coin Gains Momentum: Will Binance Listing Trigger a Price Explosion or a Crash?
The excitement surrounding Pi Coin is rapidly increasing as the mainnet launch of Pi Network approaches. Discussions on a potential listing on Binance have been triggered by its recent 100% price increase following its IPO on OKX. Nevertheless, it is unclear if the listing will take place given the absence of any confirmation from the Binance or Pi Core Team. Even though the project has more than 100 million users, it is still uncertain how it will develop into a fully traded asset.
Some argue that Pi Coin was never meant for speculation but rather for real-world utility through a barter system. If it sticks to this model without exchange listings, its adoption could grow slowly but steadily. But if major exchanges list it, the price could surge rapidly, attracting more investors. It might, however, suffer the same fate as other overhyped ideas like Berachain, Hamster, etc., which failed once the initial excitement subsided, if it lacks a compelling use case.
Pi Coin’s Popularity Soars, But Will Binance Take the Risk?
As for Pi Network, its increasing X popularity has pushed it over Ethereum and XRP to become among the top 5 most popular cryptocurrencies globally. No significant exchange has yet to fully support it, though. But whether or not Binance will list Pi Coin is what matters here. Bitget has removed several Pi-related posts, HTX has eliminated their Pi/USDT pair, and Bybit has ruled it out thus far. This demonstrates that doubts regarding Pi’s legitimacy are preventing major exchanges from listing it.
China’s investigation into Pi Network, which some have referred to as a pyramid scheme, is another problem. Since Binance is cautious when listing, it might decide not to take the chance unless Pi turns out to be fully launched and authentic. In conclusion, the euphoria around Pi’s listing may just be another bubble waiting to burst, and it can remain only a rumor until Binance makes an official announcement.
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