The price of the PI is stable above $ 1.50, fuel from the expectations of a potential begnse listing.
The PI Network (PI) token was officially launched on February 20, which coincides with the launch of the Mennet of the PI network. Shortly after the launch, many centralized exchanges, including Okx, HTX, Bybit, Mexc, Gate.io, Bitmart, and BITGET, list PI for trading. After these listings, the price of PI rose by 36.8% within the first hour, according to this, $ 1.97 reached a high level. Coingko,
However, early adopters began to liquid their holdings as a rapid sale. As a result, the price fell at a high level of $ 0.61 at a high level of all time of $ 1.97 in a single day. Allegations of fraud emerged, adding unrest. Bybit CEO Ben Jhou mentioned a Chinese report to the PI network in a scam, especially targeting elderly investors. The PI Network rejected these allegations, claiming its validity as a project which has been in development for six years.
Despite the initial recession, the PI price appears on a recovery trajectory, trading within the last 24 hours $ 1.35 – $ 1.69 range. Today, the PI price has been opened at $ 1.54 and has been stable above the level of $ 1.50 so far. At the time of writing, PI trades at $ 1.58, with a 24 -hour trading volume of $ 1.02 billion in the last 24 hours, with $ 1.02 billion.
The speculation around a potential binense listing is likely to be behind this flexibility. As of 22 February, a community vote on Benance had assembled 212K reactions, with more than 86% in favor of more than 86%. With a survey near its conclusion, investors estimate that Benance may have included Altcoin on its platform, which may affect its value trajectory.
However, there is a chance that binance listing cannot be physical as criticisms have emerged about its potential PI listing. most notably, Colin WuThe founder of Wu Blockchain, after seven years, criticized the decision to revive the community-managed listing, especially with the list of PIs. He expressed a concern that Binance is giving priority to traffic and user registration on security and its reputation of the industry.
