Is Binance Listing Coming For Pi Network? Price Jumps 5%

The post Is Binance Listing Coming For Pi Network? Price Jumps 5% appeared first on Coinpedia Fintech News

The Pi Network community is buzzing with excitement after rumors surfaced on X that Pi might be getting listed on Binance. There are signs pointing to a possible listing, but no official confirmation has been made yet.

One of the users shared a screenshot showing Binance-related features with “Binance Connect Support” and “Binance P2P Support” options. This caught a lot of attention as it hints at possible integration between Pi and Binance. A Binance listing would be a major development for the community as it would boost liquidity, attract developers, and validate Pi’s progress to the broader crypto world.

Why Pi Network Isn’t Listed on Binance Yet?

Analyst Kim H Wong shared why Pi Network is not yet listed on major exchanges like Coinbase and Binance. He pointed out three main reasons for this: Pi Network’s blockchain code is not fully open-source, and it has not completed a third-party security audit. And finally, it might not have formally applied for listing on these platforms yet.

Currently, Pi Coin trades on popular exchanges like OKX, MEXC, and Bitget. Kim believes that Pi Network will address the open-source and audit issues over time.

Analyst Urges Focus on Ecosystem Growth

He believes that the focus should be on building the Pi ecosystem and driving mass adoption. With Pi’s $100 million venture fund and the Pi App Studio helping developers create apps with AI, the future looks bright for Pi.

He also explained that while third-party security audits are key for getting listed on Coinbase and Binance, open-source code is not always required. However, having audited and transparent code builds trust.

Pi Coin Price Set to Rise

The Pi community expects the price to keep rising since the major token unlocks in July are over, and no big sell-offs are expected in August. While many altcoins have already jumped 20-50%, Pi coin is still catching up and is up over 6% in the past week. The technical charts also show Pi rebounding from oversold levels, signaling a potential uptrend.

It is currently trading at $0.4789, up 5.6% in the last 24 hours, with a trading volume of over $246 million. Analysts note that with fewer new coins unlocking and steady trading volume, the conditions are ideal for Pi Coin to rise. Dr Altcoin expects Pi’s price to likely start rising naturally by the end of August.

In a latest update, Pi Network has introduced a new “Buy” feature in the Pi Wallet. This allows users to purchase Pi directly using fiat currency, credit/debit cards, or Google Pay, without the need to rely on other crypto exchanges.