Pi Network Resumes Trading on This Top Exchange, a Development Which Provides a Bullish Outlook for the Pi Coin Price

In an X post, crypto expert Dr. Altcoin revealed that the Pi Network has resumed trading on the BitMart crypto exchange, a month after the exchange

Crypto exchange BitMart has now resumed trading for the Pi Network (PI) token, confirming an earlier report by Benzinga.

This development comes a month after the exchange announced the suspension of the altcoin, pending Know Your Business (KYB) approval.

Crypto expert Dr. Altcoin made the announcement on X, adding that an official KYB approval for BitMart might come out soon.

🚨 HUGE UPDATE : Good news ! @BitMartExchange has REOPENED PI Network (PI) token trading !

It has been about 1 month since BitMart announced the suspension of PI token trading pending KYB approval and they are still in the process of getting it approved. But it seems like they are getting closer to completing the process as BitMart has now added back PI in its trading pairs.

An official announcement from BitMart regarding the KYB approval could come out soon.

Recently, there has been some positive developments in the Pi Network ecosystem. As we all know, the network’s team has been buying coins from crypto exchanges to help mitigate the selling pressure on the token. So far, the team has used a sub-wallet to buy over 48 million coins from these exchanges.

Also, the network has been making progress on the ecosystem side to help drive the token’s utility. As we reported earlier today, the FruityPi decentralized application has now been approved by the Pi Network team. We could also see the team approving other dApps in the coming days.

Amid these developments, analysts like Moon Jeff have predicted that the PI coin price could rally to as high as $5, reaching a new all-time high.

HTX Again HInts At Pi Listing

Furthermore, Dr. Altcoin highlighted a recent post by crypto exchange HTX, where it again hinted at a potential listing of the Pi Network.

According to the expert, out of thousands of cryptos, HTX chose to include the Pi logo in its post, which shows that the love for the altcoin is “unreal.”

It is worth mentioning that this is the third time that HTX has hinted at a potential listing of the Pi coin. As CoinGape reported, the top exchange initially shared a cryptic post that included Pi’s logo. The second hint was another post, which also included the logo.

Meanwhile, amid these positive developments, Dr. Altcoin mentioned that Banxa looks to have suspended Pi transactions, possibly due to pending KYB approval. He reminded community members that Banxa has already bought millions of Pi at a low price and is likely to come back stronger once KYB is approved and the PI coin price rises.