Pi Coin Nears $1 Amid Market Volatility

Pi Coin has surged past $0.99, eyeing the $1.20 resistance. A breakout could lead to $1.35 or even a rally to $3.

Pi Coin has shown strength recently, inching closer to the $1 mark after hitting lows of $0.86. The digital currency has since shown resilience, rising above the recent lows and now trading at $0.99, showcasing an increase of more than 5% in the last 24 hours.

As Pi Network continues to push toward new highs, many are curious to see if it can sustain the momentum and break through the psychological barrier of $1 on its way to the next resistance at $1.20. Once this level is breached, analysts believe that Pi Coin could be setting its sights on the $1.35 mark, a critical milestone in its price recovery journey.

However, it’s worth noting that Pi has shown some weakness in the past week as its market cap ranking has slipped from the 11th to the 21st spot. Despite this setback, there’s still potential for Pi Coin to make a comeback and regain its position among the top cryptocurrencies.

One factor that could be hindering Pi’s growth is Binance’s decision not to include Pi Coin in their latest listing vote. Despite strong support from the community, with 86% of participants backing Pi’s inclusion, Binance has yet to make a move.

This delay may be costing both Pi and Binance in terms of trading volume and revenue. According to crypto analyst Kim Wong, Pi’s average 24-hour trading volume is around $500 million, making it a valuable asset that could generate significant income for the exchange.

However, Binance is currently facing issues with trust and internal difficulties, which could be factors in their decision to exclude Pi Coin from the listing.

Crypto analyst Kim Wong highlighted on X, formerly Twitter, that Binance is encountering a setback as 86% of the community vote on their platform went in favor of including Pi Coin but they still decided not to list it.

Binance is definitely losing trading volume and revenue by not listing Pi since the average 24 hour trading volume for Pi is around $500 million. Binance ran a poll and 86% of people polled supported listing Pi. Binance for sure is eager to list Pi too, however they risk losing… pic.twitter.com/SbWVF5BCC7

Despite the community's strong preference for Pi Coin, Binance may be encountering issues with trust and internal difficulties that are affecting their ability to engage with the community positively.

"They must quickly sort out their internal issues and then they can consider listing Pi Network coin. No need for frantic demands or negotiations," one crypto trader remarked.

Ultimately, the crypto community is eager to see Pi Coin listed on major exchanges so it can reach a wider audience and continue its journey toward new all-time highs.