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Cryptocurrency News Articles
In recent weeks, major news involving Pi Coin has shaken up the cryptocurrency market.
Apr 26, 2025 at 09:27 pm
In recent weeks, major news involving Pi Coin has shaken up the cryptocurrency market. Recent highlights include the sharp drop in the asset's price
Major news concerning Pi Coin has unfolded in recent weeks, impacting the cryptocurrency market.
Among the key updates is the steep decline in the asset's price. After reaching a peak of US $3, which granted it a place among the top 20 cryptocurrencies, Pi Coin has experienced a drop of almost 80%, falling to $0,65.
This downturn has raised concerns about liquidity and sustainability for the project in the main exchanges. Among the factors that aggravated the situation is the suspension of Pi trading on BitMart. The broker is awaiting the KYB process approval (Know Your Business) for 1:1 Pi swaps.
Despite the pullback, analysts from Benzinga highlight that the approval of this process could restore access to the token and help its price recover towards $1.
Fruity Pi DApp Approved
As Consensus 2025 approaches, Pi Network is accelerating initiatives to strengthen its community. Recently, the core team (PCT) approved Fruity Pi, a new decentralized application (DApp) focused on puzzle games.
Fruity Pi allows players to match fruits to earn rewards, offering a simple and interactive experience. The DApp has already received the purple verification mark, which certifies official validation in the ecosystem.
In addition, it allows direct connection to Pi wallets, enabling players to spend Pi tokens in the game itself, something that boosts the real utility of the currency.
As the Consensus 2025 summit in Toronto approaches, the Pi Core Team is making progress within the Pi Ecosystem. A recently added DApp, Fruity Pi, has now been approved by the PCT with a purple check mark. It is also expected that the PCT will accelerate the deployment and… pic.twitter.com/KUjzxhUvdb
— Dr Altcoin (@Dr_Picoin) April 24, 2025
The potential listing of Pi Coin on Binance
Recent changes in listing policy and announcements by Binance have also excited the Pi Network community. The exchange has implemented three listing routes: Binance Alpha, futures listing, and spot listing, focusing on promising projects and high-volume tokens.
In February, an open vote on Binance revealed that 85% of participants supported Pi Coin's inclusion on the platform. While official confirmation has yet to come, the result has boosted investor confidence in the possibility of an upcoming listing.
The potential listing of Pi Coin on Binance is a topic of great interest among crypto enthusiasts. A recent poll conducted by Binance on X (formerly Twitter) asked users which coin they would like to see listed, with Pi Coin receiving a significant vote share.
"We're seeing a lot of requests for Pi Network. Is it something you'd like to see on Binance?" Binance asked its followers in a recent post.
Out of 198,000 votes, 85% voted yes for Pi Coin, while 15% voted no. The question now is whether Binance will heed the requests of its users and proceed with the listing of Pi Coin.
Pi Coin price analysis
Last week, the Pi Network cryptocurrency lost its support zone at $0,70 and has since been facing selling pressure, which has caused the price to fall back to the $0,65 region. As a result, Pi Coin has accumulated a 23,7% drop in the last month.
The hourly chart of Pi Coin points to the formation of a falling wedge pattern, suggesting the possibility of an upside breakout. A close above the $0,70 resistance could open the way for a gain of approximately 10%.
If buying pressure continues, the next relevant resistance is located at US$ 0,825, with the prospect of a new test in the US$ 1 region. On the other hand, if selling pressure increases, the price could retreat again to the US$ 0,50 range.
Among technical indicators, the Chaikin Money Flow signals a reduction in selling pressure, while the RSI (Relative Strength Index) indicates that a possible rise may be limited by the lack of consistent buying strength.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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