Pi Coin Price Prediction: Still Not Listed on Binance These 3 Hidden Barriers Could Be the Reason
Pi Coin has not been listed on Binance, and an analyst has identified three reasons why. First, Pi Network's blockchain isn't fully open-sourced. Second, there's no proof of a security audit by a reputable firm. Third, Pi Network may not have formally applied for listing. A Binance listing is crucial because the market is struggling to absorb the current supply of Pi tokens being released daily. Currently, about $6.48 million PI tokens are unlocked daily, placing deflationary pressure on the token. The price faces resistance at $0.446, and breaking this could lead to a 15% gain to $0.5055. However, failure to break through could cause a drop to $0.42. The article also highlights Best Wallet, a new self-custody solution aiming to replace traditional debit cards with stablecoin transactions, having already raised $14 million in funding.