PI network inching towards $1.60 amid Binance listing hopes

The PI price is stable above $ 1.50, powered by the hopes of a potential binance list.

Pi network (Pi) Token was officially launched on February 20, coinciding with the launch of Mainnet of the Pi network. Shortly after the launch, several centralized exchanges, notably OKX, HTX, Bybit, Mexc, Gate.io, Bitmart and Bitget, listed Pi for trading. After these lists, the PI price jumped 36.8% during the first hour, reaching a summit of $ 1.97, according to Co Ringecko.

However, a quick sale Followed as the first adopters began to liquidate their assets. As a result, the price fell from its $ 1.97 summit to its highest level of $ 0.61 on the same day. Addition to turbulence, Fraud accusations emerged. The CEO of Bybit, Ben Zhou, referred to a Chinese report labeling the PI network a network, specifically targeting elderly investors. Pi Network has rejected these allegations, claiming its legitimacy as a development project for six years.

Despite the initial slowdown, Pi Price seems to be on a recovery trajectory, negotiating in a range of $ 1.35 to $ 1.69 in the last 24 hours. Today, Pi Price has opened at $ 1.54 and has so far had a level above $ 1.50. At the time of writing, PI is negotiated at $ 1.58, with the 24 -hour negotiation volume of $ 1.02 billion, down 42% in the last 24 hours.

Speculation surrounding a potential binance list is probably the source of this resilience. As of February 22, a community vote on Binance brought together 212,000 responses, with more than 86% in favor of the PI list. The election approaching its conclusion, investors predict that Binance can include Altcoin on its platform, which could influence its price trajectory.

However, there is a chance that the list of binances may not materialize as criticisms have emerged regarding its potential PI list. More particularly, Colin WuFounder of Wu Blockchain, criticized Binance’s decision to relaunch community -oriented lists after seven years, in particular with the PI list. He expressed the concern that Binance prioritizes traffic and user inscriptions on security and his reputation for industry.