The price of Pi Network (Pi Coin) continued to decline today. Token fell to $ 0.55. In addition, PI’s weekly losses were over 33 percent. For this reason, investors lost the hope of recovery towards $ 1. As a result, the community now attributes hope to be listed in Coinbase for any revival.
Will Coinbase list Pi Network Coin?
Kriptokoin.comAs you have followed, the listing of Pi Network Coin in Binance faced many delays. However, the community is still hopeful to list a coinbase. Paul Grewal, Coinbase’s Chief Law Officer Paul Grewal, on March 14 (Pi Day), tweeted Pi’s logo and said, “We take Pi Day very seriously in Coinbase.” he said.
According to experts, listed in Coinbase can provide a huge liquidity increase and increase the Pi Coin price to $ 1 and beyond. The stock market usually takes into account the participation of community when adding new assets. This makes Pi Network’s more than 60 million users in favor of the base.
In addition, such a listing can significantly increase the adoption of PI in both the US and global markets. Because this will be a historical turning point for the ecosystem and will provide visibility and accessibility to millions of crypto users around the world. While Coinbase fueled speculation, Binance has not yet made an official comment on a possible PI listing PI.
Is the Pi Coin price going for $ 0.3?
Pi Network Coin price continues to lose significant support levels. Analysts are quite pessimistic about the continuation of this. Crypto Analyst Moon Jeff estimates that if the stock market deposits continue in the same way, the price of Pi Coin may drop to $ 0.30.
In the meantime, more than 375 million pI tokens have already moved to the stock market. Moon Jeff says that the price of the token can be fixed around $ 0.30 with the total supply reaches 500 million pIs. This is compatible with some Pi Coin price estimates that show that Altcoin will be traded below $ 0.40 for April.
Source: Moon JeffA great difficulty for the Pi Network Core team
As the sales pressure on Pi Coin increases, the reaction of the Pi Community is getting stronger day by day. Popular Community Member Dr. Altcoin “Pi’s price is free decrease and around $ 0.5. he said.
In addition, the Pi Core Team (PCT) said that it is not likely to list the PI cryptos of large crypto currency exchanges unless it provides full transparency with the token economy. Dr. Altcoin draws attention to two major difficulties. The first is that at low prices, Pi investors may have difficulty in interacting with decentralized applications (DAPPs) within Pi ecosystem. Secondly, if these difficulties continue, a significant portion of Pi users can sell their assets and move to other crypto projects.
Analyst says that the only applicable road for the Pi Core team without relying on large stock market lists is to burn billions of Pi Coin from Pi Foundation wallets.
