Pi Coin: Why Coinbase & Binance are Delaying Pi Network Listing
Key Insights:
- Pi Coin price struggles to break out despite the broader crypto market’s robust rally.
- Expert Kim H Wong highlights three reasons behind Pi Network’s listing delay on Binance and Coinbase.
- Analyst Dr Altcoin predicts Pi Coin price to rally 100X organically without major listings.
As Pi Coin price has continued to struggle for a breakout, discussions are soaring over the potential catalysts that could help gains in it. Many have cited the lack of transparency or major developments by the Pi Core Team behind the stagnant movement of the asset.
Besides, many community members also said that the delay in major listings on exchanges like Binance or Coinbase may have hindered its rally. Amid this, a renowned market expert has revealed key reasons that might be causing the Pi Network’s major listing delay.
However, it’s worth noting that not everyone in the community believes that the listing would have any major impact. An analyst has recently said that Pi Coin price will increase organically by at least 100X, even without the Binance or Coinbase listings.
So, let’s take a quick tour of the asset’s recent performance. Besides, we would also discuss the likely reasons behind the listing delays and how much its price may increase organically in the coming days.
Pi Coin Price Consolidates Despite Crypto Market’s Robust Rally
Pi Network price has been hovering between $0.44 and $0.5 levels over the past few weeks, with many expressing their frustration over the consolidation phase. Notably, this comes despite a robust rally in the broader crypto market, with Bitcoin price hitting a new all-time high.
As of writing, Pi Coin price was down nearly 4% today and exchanged hands at $0.45. Its trading volume stayed near the flatline in the 24-hour timeframe at $78.83 million.
The crypto has touched a one-day high and low of $0.4704 and $0.4471, respectively. Notably, Pi’s value has lost around 1% in the weekly chart, while declining around 26% over the last 30 days.
Meanwhile, this downturn in the crypto’s price, despite a broader market rally, has raised eyebrows among traders. Besides, the latest loss has also taken Pi Coin out of the top 30 crypto ranking by market cap.
Expert Reveals Reason Behind Pi Network’s Listing Delay
As Pi Coin price struggles to break out, discussions are soaring on the potential catalysts for growth. Amid this, renowned market expert Kim H Wong has revealed the possible reasons behind the delay in Pi Network’s listing on major exchanges like Coinbase and Binance.
According to Wong, the delays are attributed to three key factors:
- Pi Network’s blockchain code is not being fully open-sourced.
- The lack of a third-party security audit.
- The possibility that Pi Network may not have applied for listing.
The expert analysis suggests that Pi Coin has made significant progress, including setting up a $100 million venture fund and Pi App Studio. However, he noted that Pi Network still needs to address these critical issues.
The absence of confirmed third-party audits and closed mainnet status may hinder Pi Network’s prospects for listing on Coinbase and Binance. He said that these leading exchanges prioritize verified security and compliance.
However, Wong advises investors to focus on ecosystem development and mass adoption, rather than daily price fluctuations. With infrastructure in place, he said that Pi Network is poised for growth, and patience may be rewarded with significant gains in the future.
Can Pi Coin Rally 100X Without Major Listings?
While discussions are soaring that the major listings could significantly impact the Pi Coin price, analyst Dr Altcoin has shared a different perspective. He noted that the Pi Network price is poised to grow “organically” even with Binance or Coinbase’s backing.
In a recent X post, the expert said that Pi Network’s focus on building a peer-to-peer ecosystem with real-world utility sets it apart from other projects. He believes that the Pi Coin price will grow organically through ecosystem adoption.
He has cited Pi Network’s AI App Studio and $100 million venture fund as the potential reasons behind the future growth. In addition, Dr Altcoin predicts that as the ecosystem expands, Pi’s value will stabilize and increase over time.
While a user has mocked his view, highlighting the downtrend in the asset’s price, Dr Altcoin has made a bold forecast. He predicts Pi reaching 100 to 300 times its current value within the next five years.
This has also sparked discussions among traders, while reflecting his confidence in the asset.
The post Pi Coin: Why Coinbase & Binance are Delaying Pi Network Listing appeared first on The Coin Republic.