Despite This Dip, There May Be an Opportunity for Investors

Despite this dip, there may be an opportunity for investors, particularly if Pi cryptocurrency continues its upward momentum in the long term.

In a recent development, Binance, the world’s largest cryptocurrency exchange, has excluded Pi Network from its “Vote to List” campaign, a move that could have a significant impact on the future of the popular token.

As Binance explained in a blog post on Wednesday, the “Vote to List” initiative allows users to vote on which projects should be listed on the exchange. However, Binance specified that the promotion was particularly for BNB Smart Chain-based projects.

“We’re highlighting projects that are building on BNB Chain, and we’ve made the selection based on several factors, including the project’s potential, the team behind it, and the community’s interest. Our goal is to bring the best and brightest projects to our users through this initiative,” the exchange stated.

This message was met with criticism from some community members, particularly those who had been hoping for Pi Coin to be included in the voting. One user commented, “Isn’t it time to start keeping promises instead of making new ones? People voted for Pi, and you said it would be listed if it won the vote.”

Another user added, “This is an open invitation for a protest against Binance for not keeping its promises and excluding the massively supported Pi cryptocurrency from its ‘Vote to List’ campaign.”

The exclusion comes despite a previous vote on the Binance platform where users overwhelmingly selected Pi Coin for listing. Following the vote’s conclusion last December, Binance announced that it would be listing the winner, which was Pi Coin, on its main exchange.

However, in a surprising turn of events, Binance ultimately decided against listing Pi Coin and instead chose Link (Chain). This decision sparked outrage among the Pi community, who felt that Binance had broken its promise and disregarded the voters’ preference for Pi Coin.

“We, the community, voted massively for Pi to be listed on Binance, but instead, they've decided to list Link (Chain), which was in second place with significantly less votes, and put it on Binance main exchange. This action feels like a betrayal of trust and a disregard for the democratic process of voting,” one community member stated.

The message criticizes the exchange for not honoring a previous vote supporting Pi Coin’s listing and urges them to fulfill their promises before starting new votes. Source: PiNewsGlobal via X

Binance made it clear that the promotion was particularly for BNB Smart Chain-based projects alone, basically excluding Pi Network Coin, which operates on its own blockchain. The exclusion dashed the expectations of Pi community members who had been hopeful of listing Pi Network on Binance. However, there are some cryptocurrency users who are hopeful that Pi Coin may be listed directly in the future through a direct listing that is not subject to a vote.

As the Pi Network market keeps expanding and its ecosystem matures, the Pi value cryptocurrency could receive a significant boost if it is eventually listed on a major exchange. Binance’s move may only be a temporary setback for Pi cryptocurrency, with future exchange listings, including Pi Coin Binance, still on the horizon.

Pi Coin’s Long-Term Potential: Is $10 Possible?

Though Pi Coin has seen its value dip from an all-time high of $3, several factors could propel its price back toward that peak—or even higher. Analysts suggest that the value of Pi Coin could reach as high as $10 under certain market conditions. Here are some potential catalysts:

Despite the bearish market, Pi is expected to rise, potentially reaching $10 after a Binance listing by the end of April. Source: Gem Hunter via X

Pi Network Coin’s Future: Opportunities Ahead

Despite its current price struggles, Pi Coin has a lot going for it. With growing adoption, continued Pi mining activity, and the possibility of future exchange listings, the Pi Network coin price could see significant gains in the near future. The Pi Network news surrounding its ongoing developments continues to fuel optimism for the token’s long-term potential.

Pi appears to be approaching a breakout from the symmetrical triangle pattern, with the potential for movement in either an upward or downward direction. Source: PropTradePros on TradingView

Experts suggest that the value of Pi Coin could rise substantially if these catalysts align. If the Pi Network exchange situation improves, and Pi Coin gets listed on major platforms like Binance and Coinbase, the market could see a surge in Pi Network trading volume. This would ultimately push Pi Coin value to new levels, potentially making $10 a reachable target.

Final Thoughts: Is Pi Coin a Smart Buy at This Point?

Pi Coin’s recent decline of 31% can turn out to be a buying opportunity for prospective investors willing to enter the market when it is at a low. Even though the current value of Pi currency is lower than its all-time high, the future potential is vast. With such forces as the rally in the crypto market, token burn policies, ETF listings, and exchange listings, Pi cryptocurrency can experience massive growth.

For investors looking to buy Pi Coin, present market

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