WEBDESK: Cryptocurrency PI Network is at a critical point as traders are losing confidence before Pi Day. Pi Coin, the network’s native token, has dropped 10% in value, falling to $1.45. Concerns over the Know Your Customer (KYC) deadline and Mainnet migration have raised fears that users who fail to complete these steps may lose their balances.
With mixed market signals, some experts predict a potential rebound, while others warn of further price declines.
Why are traders losing confidence in Pi Coin?
Pi Coin’s recent price drop has been linked to several factors, including:
- KYC and Mainnet Migration Issues – Users who don’t complete KYC verification may lose their tokens.
- Technical Indicators Suggesting a Downtrend – The Moving Average Convergence Divergence (MACD) indicator shows a possible continuation of bearish trends.
- Uncertainty Around Exchange Listings – Many traders are waiting to see if major exchanges, like Binance, will officially list Pi Coin.
Despite this, some analysts believe the ongoing Pi Day could bring renewed interest and push Pi Coin above its $1.98 resistance level.
Will Pi coin be listed on Binance?
One of the biggest questions surrounding cryptocurrency PI Network is whether Pi Coin will be listed on Binance. A listing could provide:
- More liquidity – Easier trading access and increased investor confidence.
- Greater adoption – More users could be attracted to Pi Network.
- Potential price boost – Listings on major exchanges often lead to price surges.
However, experts warn that a Binance listing is not guaranteed. The cryptocurrency PI Network is still in development, and regulatory concerns remain a challenge. Until Pi Network ensures compliance with industry standards, a listing on Binance or other major platforms may take longer than expected.
What’s next for PI Network?
As Pi Day approaches, traders and investors are closely watching cryptocurrency PI Network. Will it gain momentum and secure an exchange listing, or will the current sentiment continue? The coming weeks will be crucial for the future of Pi Coin and its growing community.
Read more: PI Network set for a breakout: What’s next for the cryptocurrency?
