This is the latest news about Will Binance List Pi Network? After completing a community vote, Binance—the biggest centralized cryptocurrency exchange by trading volume—may introduce Pi Coin (PI) to the platform.
According to the results, which were made public on Binance Square, 86% of participants supported listing cryptocurrencies that are mined by mobile devices. An important step has been taken in the direction of adding Pi Network’s native currency to Binance’s list of tradable assets.
Read in Detail About Will Binance List Pi Network?
The findings of the Binance survey indicate when Pi Coin will debut on Binance
More than 294,957 votes were cast in the community vote, which started on February 17. As a result, only 0.12% of Binance’s 250 million users participated in this vote.
Note that not every vote will be considered legitimate. Binance explained that the final count would only include eligible votes that satisfied certain platform and regional requirements. A more stringent review process would be used to make the final decision about whether to launch Pi Coin.
In the meantime, Pi Network, the initiative that gave rise to Pi Coin, has grown remarkably since its launch. Pi Network has grown to be one of the most talked-about cryptocurrency projects recently, with over 60 million active members.
Pi Coin’s possible listing on Binance may hasten its uptake and expand its market reach. But the effects of such a listing extend beyond merely raising awareness; they may also improve stability and liquidity. Any cryptocurrency hoping to gain more traction in mainstream markets needs to have both of these components. However, the action also highlights a larger conflict in cryptocurrency: how to strike a balance between investor demands for due diligence and community fervor.
Pi Coin’s recent performance stands in stark contrast to the excitement surrounding its potential listing on Binance. Its value declined by 20.8% in the last day, and according to the most recent data, it is currently trading at $2.3.
Shortly after the PI reached its all-time high (ATH), this decline occurred. According to BeInCrypto’s analysis, the altcoin might be about to undergo a correction as the charts showed signs of waning bullish momentum.
In contrast to the larger cryptocurrency market, Pi Coin is still strong. Over the last seven days, PI’s price has risen by an astounding 213.1%, outpacing the 14.2% decline in the global cryptocurrency market.
Additionally, the coin has outperformed other comparable Layer 1 (L1) cryptocurrencies, which have seen a decline of 18.0%.
The community of Pi Network is also looking forward to Pi Day, which is scheduled for March 14. For the Pi Network project, the day, which honors the mathematical constant pi, is especially important. In 2019, it was introduced on the same day.
Supporters of the project now celebrate Pi Day every year. Additionally, as Pi holders wait for more advancements in the coin’s journey, this year’s event might add even more excitement.
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