In this article, I will discuss when PI Coin will launch on Binance. Given that this is one of the most awaited listings in cryptocurrencies.
There is a growing concern among investors about when it will be listed and what the causes for its listing might be.
I will look at the most plausible theories and announcements and what they could entail for the holders of PI Coin.
What Is PI Coin?
Pi Network is aware of reports that several unauthorized third-party exchanges and potentially unknown third parties are seeking to list Pi or tokens purporting to be Pi or some purported derivative of Pi without the consent, authority or involvement of Pi Network.
Pi is currently in the Enclosed Network period of Mainnet and is not approved by Pi Network for listing on any exchange or for trading. Pi Network is not involved with any purported postings or listings.
The Network is NOT having any ICOs or any crowdfunding, and any sales of Pi are unauthorized and have no affiliation with Pi Network.
When Will PI Coin Launch on Binance
The Pi Network community is on high alert as all eyes anticipate the arrival of the Mainnet, which is projected to be in use before the end of 2024.
This would pave the way for pi to be considered tradeable and would be a tremendous breakthrough for one of the hottest projects in the crypto scene. Binance.
Pi Network’s Price Predictions at Launch
There is yet to be a formal announcement, however, there are those who anticipate that Pi could be listed at a price of between $30 to $50.
All this will, of course, depend on market conditions and trading volume at the launch of Bankless Times. Here is what you need to understand:
Potential Starting Price
Some forecasters have suggested that Pi might be launched at the price of around $30 to $50.
Other people are more than optimistic, saying that Pi value will be tethered to the first actual trading in real life, where it could actually matter and be in demand.
Market Reaction
As is the case with new coins, expect lots and lots of price volatility as Pi Netchow has pronounced the price now in the earlier days.
Pi spiking to some extreme prices would also be at the core of the sentiment in the absence of Pi being traded in the bigger exchanges across the globe.
Utility Factor
Pi Network is capable of launching more than 100 decentralized applications (DApps), which are expected to increase its utility and, ultimately, its adoption.
This development in ecosystem building might help boost its early valuation of Binance Bankless Times.
Factors Influencing the Listing
Several reasons determine whether Pi Coin or other cryptocurrencies will be included in the likes of Binance:
Project Viability: Projects that have adequate technology, high use cases with clear purposes, and strong teams behind the projects are often sought by HR.
Compliance: There are anti-money laundering laws and Know Your Customer laws that the token should comply with.
Market Demand: Surrounded by strong communities and given a wide market reach, exchanges prefer tokens that are in high demand
Partnerships: A strong reputation of a project alongside other constructions strengthens the likelihood of the token creating interest.
Token Economics: Token economics that can generate potential for the asset should also be well structured.
Regulatory Compliance: There are regulatory issues that must also be dealt with concerning the token.
Integration Costs: How much it would cost to integrate the token into the exchange platform also matters.
Market capitalization: What is the potential of the coin, and what market cap does it have; exchange assesses market potential plus the quality of the coin.
Team credibility: The team’s background, experiences, and achievements are also major factors.
Community Support: The support of the community is key; it can sway the issue significantly.
What This Means for PI Coin Holders
The listing of Pi Coin on Binance will bear good tidings for the holders of the Pi Coin in a number of ways:
Liquidity provisions are expected to increase
The holders of Pi Coin will receive more liquidity, which I s beneficial as the Pi Coin will be easier to buy and sell after being listed on the major exchange.
A cellular market approach
It enables other investors and traders to have access to the coin to broaden the market base.
An increase in the volatility
There is a probability that the price level of Pi Coin will increase as a result of the increased availability of more buyers and sellers.
Diminished chances of fraud and scams
There is an increased chance that listing on a verified exchange boosts the credibility and legality of Pi Coin.
Increased level of interest among potential investors
An increasing level of market interest can lead to a bullish trend for Pi Coin.
In conclusion, the listing could enhance the trading opportunities for Pi Coin holders with a view of more favourable results. Are you holding Pi Coin, or are you planning to go for that?
Conclusion
In closing, the expected launch date of Pi Coin on Binance is hopefully in 2024, though a specific date hasn’t been set.
This will probably make it easier for the coin to gain access to various markets, improve its credibility, and get a higher and wider acceptance, which in turn will increase its worth.
With the listing of the coin on major exchanges such as Binance, the fans of Pi Coin should be ready for more prospects and wider market reach.
Watch out for any official communications for the most recent information, and be ready to take this opportunity as it becomes available.
