Pi Network’s possibility of being listed in Binance gained momentum after the vote for the decision. The vote resulted in 86 %of the total votes used in favor of the listing. Despite positive developments, the Pi Network Coin value fell by about 25 percent in the midst of a wider crypto market regression today.
Pi Network won great support in Binance vote!
Kriptokoin.comBinance, the world’s largest crypto currency exchange, as you have followed, has recently launched a community vote for whether it will be listed on Pi Coin’s platform. The vote lasted from February 17 to 27 February and allowed users to express their attitudes on this issue. Binance said, “We are listening to the live discussions about Pi Network within our community. Join our community vote to make your voice heard: Should PI be started in Binance? ” he asked.
This vote finally ended yesterday. Accordingly, a total of 294,958 games supported a surprising rate of 86 %, while only 14 %opposed it. The overwhelming majority fueled speculation that Binance could soon take action on the issue. If approved, this move can significantly increase Pi Coin’s reliability and price potential.
What is next for Pi Network after Binance voting?
Although the voting results are positive, Binance has not yet approved an official list. Typically, community votes affect decisions, but it does not guarantee immediately to take action. Before making a final decision, Binance follows a comprehensive situation determination process by evaluating the safety, liquidity and compliance of the regulatory frameworks.
The Pi Coin team should also ensure that Main-Net operations are compatible with Binance’s listing criteria. The project, which has recently put into operation, is still working on important developments. Listing in Binance can make Pi Coin adopted by wider masses, but the final decision is in the hands of the stock market.
Why is this listing important?
A Binance List can change the rules of the game for Pi Coin. According to experts, it will increase liquidity and price stability by opening the token to a global audience. Historically, the largest crypto exchange listing has triggered price increases for various crypto currencies. If Pi is located in Network Binance, it may flock to new investors and increase their potentially value.
However, market conditions also play an important role. While Pi Coin’s value is faced with a significant decrease in the midst of a wider crypto market, a listing alone may not be enough to reversed short -term losses. Nevertheless, long -term investors see this potential milestone as a catalyst for sustainable growth.
What’s next for the Pi Coin price?
The current value of Pi Coin decreased by about 25 %to $ 2.07. Meanwhile, the one -day transaction volume fell to $ 1.75 billion with a decrease of 51.75 %. However, despite the decline, Pi Coin has increased by about 213 %since last week. It has also recently reached its $ 2,99 AHS, which has shown increasing market confidence. However, it is seen that the last fluctuation may have caused the current decrease in the value of the Pi Network. In this context, some investors can consider the last fluctuation as an opportunity to make a profit.
However, despite this, market enthusiasts continue to be optimistic about the long -term orbit of the coin. Market observer Max Pavlov recently said in a statement, if the rise acceleration continues, the upper resistance of the crypto currency can target the upper resistance of $ 3.50. However, Pavlov said that if the bears dominate, the crypto currency could decrease to $ 2.05.
However, with the increase in rumors that Binance will soon be listed, the crypto may soon see a strong recovery. In particular, a recent Pi Coin price analysis points to a potential rally up to $ 5 for the crypto after the Binance listing.
