The price of the PI network is stuck because the community is waiting for its potential listing of the exchange giant binanting, but unsuccessfully. In recent weeks, Token's trading volumes have fallen significantly to $ 37 million during the press, and has forced the price to fall in a tight consolidation range between $ 0.57 and $ 0.63.
If the Pi coin team has made several attempts to do with the project, such as the lack of transparency and decentralization through the recent Mainnet -Monetary Activation and Banxa Kybi approval, the Binance Exchange list is still laborious. In this article, we will explore some of the reasons why the biggest exchange has failed to list.
Reasons why binance does not list PI network because the price is fighting
Binance Exchange has not listed several reasons, even if the price continues to fight the bear's headwind. These include the following:
Centralization of Pi coin
One of the reasons why Binance has not listed the PI -network badge is a concern for centralizing the project. Data from Pisman Shows that the three largest PI wallet address includes Pi Core Team, which has more than 67 billion chips. These holdings make up more than half of the PI -symbolic total pipe of 100 billion coins.
Lack of utility
The delay of the PI -coin's binance list comes when the symbol is prone to high volatility due to the minimum usefulness. This lack of utility has also been one of the main reasons why the price of the PI network has worked hard after the end of February. This high volatility leaves the owners of the symbolism to register significant damage, as price movements only depend on demand and supply.
Inadequate liquidity
Another reason why Binance is not a PI list is the lack of sufficient liquidity, with shift trading volumes where it is currently significantly low. For example, in the last 24 hours, PI had the lowest volume among the top of the market ceiling among the 30 largest cryptos. This means that if Binance listed the badge and the trader would provide a large order, it would cause unstable prices, making it a very risky asset.
PI network price analysis
The price of PI trades at $ 0.58, with a decline in 0.3%in 24 hours. This upper Altcoin is on the verge of entering the main demand zone, which can cause increased pressure on the purchase and support upward recovery.
In addition to entering this demand zone, the Pi-coin is in a critical place as it is moving from the triangular pattern to a two-hour price range. If it can successfully violate the resistance on the upper trend line of this triangle, it can cause a price increase of 9%, leading to a symbol of $ 0.64 in the near future.
To confirm the entry of buyers in this demand zone, which causes the PI -network price trend, RSI has to exceed 50. This makes the bullish boost and interferes with the positive PI network price forecast, which can start back to $ 1.
In summary, the listing of the PI -network mark on the Binance exchange is still elusive and may be among the reasons why Altcoin is in trouble for recovery. The best exchange can be hiding PI due to a number of factors, including insufficient liquidity, lack of centralization and minimal usefulness.
Frequent questions (FAQ)
Binance's inability to list the sign of PI networks from many factors, including lack of centralization, minimal usefulness and inadequate liquidity.
The Pi coin is facing decentralization problems, as the data shows that the PI Core team owns the three largest wallet addresses with more than 67 million PI jigoons.
The short-term forecast of the price of the Pi-coin indicates that the symbol is a descending triangular pattern on the edge of the cut, which can create upward movement.
muthon
Muthoni Mary is an experienced cryptocurrency analyst and writer who has more than three years of experience in dissecting the trends, price movement and market dynamics. In the event of a thorough understanding of technical analysis and a thorough understanding of chain metrics, it offers an understanding, data -based content that helps investors move in the world at the rapid pace of digital assets.
Obligations: The content presented may include the author's personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication is not responsible for your personal financial loss.
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