Pi coins are stable after the challenge and are expected to be listed on Binance

After Pi currency is stable, can Binance's listing hit a new peak?

After turmoil, Pi coin finally stabilized. Previously, Pi Coin had faced many challenges: negative allegations and technical issues have caused market confidence to shake. However, Pi coins successfully overcome these difficulties and achieved stability.

Although the market is stable, the market value has declined, which is due to the fluctuations in prices that rise first and then fall. Although the initial rise attracted attention, the subsequent decline also caused some losses. Experts believe that this is a normal phenomenon in the market.

Pi Coin Current Trend

Pi Network (PI) is currently priced at $1.57, with 24-hour trading volume reaching $795.44 million, down 5.42% from the previous day.

PI currency once soared to $1.9922, but plummeted 59.58% within 24 hours of its launch, falling to a low of $0.6168.

This plunge is mainly attributed to large amounts of selling and insufficient liquidity. Since then, the price has rebounded strongly and is currently trading at $1.57, showing its strong recovery momentum since its issuance.

Will Binance listing bring about a soaring price increase?

Binance, the world's leading cryptocurrency exchange, is conducting a community vote on the launch of Pi Coin, and the vote will end on February 27. If Pi coins are successfully launched, the price is likely to rise sharply.

Binance's listing will increase the credibility and market acceptance of Pi coins, attract more investors, and increase trading volume. The cryptocurrency community is paying close attention to the end result.

Respond to fraud allegations and rebuild trust

Pi Network is facing the challenge of rebuilding trust due to the PI currency plummeting 59.58% within 24 hours of its launch and facing fraud charges from Bybit CEO Ben Zhou (Zhou stressed that Bybit never considered launching PI and criticized the project for lack of transparency). Despite the sharp drop in prices, trading volume surged by 2833%, indicating that market activity remains high.

Binance's community voting results may affect Picoin's credibility, but Pi Network needs to address transparency issues in order to win back investor confidence.

Is this a good time to invest?

As Pi coins stabilize, many investors are weighing the pros and cons. Some people believe that now may be a good time to buy before the price rises; others choose to wait for Binance’s final decision before making a decision.

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