Pi Network Struggles to Gain Listing on Binance Despite Surpassing 120 Million Downloads

Pi Network, the up-and-coming cryptocurrency, has yet to be listed on Binance despite its 120 million downloads and increasing demand in the crucial $0.015 demand zone.

Here are three main reasons why Pi Coin might still not be on Binance.

Pi Coin Centralization

Pi Network faces significant challenges related to its centralized ownership structure. The network’s policies and management, which tend to be controlled by a single entity or small group, may raise concerns about security and transparency.

This is in contrast to cryptocurrencies like Bitcoin (BTC), which are decentralized and rely on a distributed ledger technology to process transactions and maintain a shared ledger among all participants in the network.

Such concerns could reduce investor and user confidence, which in turn influences platforms like Binance in their decisions to list new assets.

Moreover, this centralization may limit Pi Network’s ability to adapt and evolve according to the dynamic needs of the crypto industry. Without the ability to effectively innovate and integrate new technologies, Pi Coin may continue to have difficulty in attracting broader interest.

Lack Of Usability

One crucial factor that determines the success of a cryptocurrency is its usefulness in real-life applications.

Unfortunately, Pi Coin has yet to demonstrate significant practical uses that could support mass adoption. This is in contrast to other cryptocurrencies like Ripple (XRP), which is utilized for cross-border payments, or Chainlink (LINK), which serves as a decentralized oracle network.

The lack of platforms or services that support the widespread use of Pi Coin makes it less attractive to users and investors. Without a clear use case, it’s difficult for Pi Coin to build a strong ecosystem that can attract the interest of major exchanges like Binance.

Lack Of Liquidity

Liquidity is a key aspect for any asset in the financial markets, including cryptocurrencies. It refers to the ease with which an asset can be bought or sold in large amounts without significant price impact.

Pi Coin is currently facing challenges in terms of liquidity, which means there are difficulties in buying or selling large positions without affecting the market price to a great extent. This poses a risk for traders and investors who may want to enter or exit their trades rapidly.

This lack of liquidity also reflects low trading volumes, which can be an indicator of a lack of investor interest.

Exchanges like Binance typically prefer assets that have high liquidity to ensure that they can provide efficient and profitable trading services to their users. They also consider the trading activity and volume when making listing decisions.

Overall, although Pi Network is showing potential by entering a critical demand zone and facing a possible price increase, there are still some significant obstacles to overcome before it can be listed on Binance.

Centralization, lack of usability, and lack of liquidity are the main factors currently hindering Pi Coin’s progress within the wider crypto ecosystem.