WEBDESK: Pi Network trading has seen a spike in growth as speculation over a possible listing on Binance gains more ground. Investors are closely monitoring a community vote started by Binance, which could possibly determine whether Pi Coin gets listed on the cryptocurrency exchange.
The price of Pi Coin recently jumped to around $2.99. Trading volume has also increased, particularly on platforms like OKX, where it reached 694.15K.
As of now the current price is at $2.00 which is expected to go up again in the coming hours.
Analysts believe that if the Binance listing goes through, Pi Network trading could gain even more momentum.
Binance Vote Sparks Speculation
On February 17, Binance launched a community vote to see if they should be adding Pi Coin to its exchange. Early results from that poll suggest strong support for the listing, with Binance yet to make any official announcement regarding the actual results. However, if it does get approved, the listing could boost the price and credibility of Pi Coin, making Pi Network trading more accessible to a wider audience.
Concerns Surrounding Pi Network
Despite the excitement, Pi Network remains controversial. Bybit CEO Ben Zhou, has raised concerns about its legitimacy, calling it a straight up scam. Others argue that the project lacks transparency, particularly regarding its circulating supply.
Due to these concerns, major crypto platforms like CoinMarketCap and CoinGecko have yet to officially rank Pi Coin, despite its reported market valuation exceeding $17.5 billion.
What’s Next for Pi Network Trading?
While the Binance vote has increased positive reviews, the future of Pi Network trading remains uncertain. Investors are awaiting Binance’s final decision, which could determine whether Pi Coin gains mainstream recognition or remains as it is.
Read more: Crypto Market Crashes as Bitcoin and Ether price drops
