- The majority of respondents in a community poll want Binance to list Pi Coin.
- Investor expectations is that a listing will push PI Coin’s price significantly higher.
An outstanding number of market participants, notably 86%, have given positive votes for the Pi Coin (PI) listing on the Binance exchange. The Pi Coin Network continues to steal the spotlight despite ongoing difficulties in the crypto market.
Community Rally for Pi Coin
Binance, the world’s largest crypto exchange, launched a community poll on February 17 to determine whether users want a PI listing on the platform. In just a few days, the survey received responses from 294,957 participants. 86% voted in favor of the listing, while 14% voted against it.
The strong community support excited the Pi Network community, highlighting the growing interest in Pi Coin. Many believe a Binance listing could boost PI’s credibility and increase its price.
Binance, however, clarified that the vote does not guarantee a listing. The exchange says the final decision depends on a comprehensive review process. As featured in our recent coverage, Pi Coin finally went live on mainnet on February 20, after years of anticipation and mining.
Following the mainnet launch, major exchanges like OKX and Bitget announced listings for Pi Coin. Soon after, MEXC, Gate.io, and Pionex joined the listing, but Binance has yet to tag along. While the increased accessibility from other exchanges has expanded Pi Coin’s user base, the Network remains controversial.
There are allegations that the project is a pyramid scheme. In China, authorities have raised concerns about its operations and legitimacy. There are also rising concerns about Pi Coin’s unverified circulating supply. As outlined in our recent blog post, Bybit CEO Ben Zhou has also criticized the project, calling it a scam. In the meantime, more volatility is expected for PI due to rumors of a possible listing on Binance.
Pi Coin Network’s Rapid Expansion and Projections
Pi Network continues to gain the market’s attention, particularly with its unique approach to solving Bitcoin’s mining challenges. Unlike Bitcoin (BTC), which relies on energy-intensive Proof-of-Work systems, Pi Network allows users to “mine” directly from their mobile phones.
The project has over 60 million active users and a strong social media presence. With 3.7 million followers on X, the project has risen to become the fifth-largest cryptocurrency by following.
Users are optimistic that Pi Coin will attract new investors and gain price momentum upon Binance’s listing. History reveals that cryptocurrencies often skyrocket in price when they go live on Binance.
While excitement builds over a potential listing, Pi Coin’s price has fallen drastically. The coin is trading around $2.11, down over 19% in the last 24 hours. Despite the intense volatility, analysts are still bullish about Pi Coin’s future movement. As CNF noted in an earlier post, one analyst believes PI could easily hit $3.14 in the short term.
For now, supporters eagerly anticipate Pi Day on March 14, marking the project’s launch in 2019. Many believe the project could bring important updates about the coin’s future during Pi Day.
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