Despite the overall growth in the cryptocurrency market, the price of Pi Coin continues to fluctuate, raising questions among investors. The reasons behind listing delays on major exchanges are being discussed.
Pi Coin Struggles Amid Market Growth
The price of Pi Coin has remained between $0.44 and $0.5, causing frustration among community members, especially given the strong rally of other cryptocurrencies like Bitcoin, which has reached an all-time high. At the time of writing, Pi Coin was down 4% and traded at $0.45. The 24-hour trading volume was at $78.83 million, with a weekly downturn of 1% and a 26% decline over the last 30 days.
Expert Explains Pi Network's Listing Delays
In discussions on the reasons behind the delay in Pi Network's listing on exchanges like Binance and Coinbase, expert Kim H Wong revealed three key factors. First is the lack of full open-sourcing of Pi Network's blockchain code, second is the absence of a third-party security audit, and third is the possibility that Pi Network did not apply for a listing. Wong noted that the company has made significant progress but still needs to address these concerns.
Could Pi Coin Rally 100X Without Major Listings?
While many discuss the potential impact of major listings on Pi Coin's price, analyst Dr Altcoin believes that the project can see significant organic growth without exchange support. He points to the focus on building a real-world utility ecosystem as a key differentiator. He cites the development of the AI App Studio and a $100 million venture fund as potential growth drivers. Altcoin predicts the price could grow 100-300 times within the next five years.
Questions around Pi Coin remain pressing, considering the delays in listing and price fluctuations. Analysts are divided over how significant the impact of these listings will be on the asset's future gains.
