Binance, avid on the list of PI networks, has it arrived at $3?

Pi Coin has shown growth over the last 24 hours, approaching the $1 mark after hitting its $0.86 low. The digital currency is currently trading at $0.99 and shows profits of more than 5% on the last day. This upward momentum makes me wonder if the PI network can continue to push past the dollar level and continue climbing.

Next goal: $1.35, but $1.20 stands as a major hurdle

Despite recent profits, Pi Coin faces a hurdle at $1.20. Breaking through this resistance will allow you to target important milestones where the coin is at $1.35. However, it’s not easy as the PI shows volatility. If it can surpass the $1.90 mark, analysts believe it would be possible to meet at $3.

Market Cap decline: Pi Coin’s recent struggle

Last week, Pi Coin’s market position was volatile. Cryptocurrency has dropped dramatically from 11th to 21st in terms of market capitalization. This decline is a concern, but it is important to note that PI still has the potential to recover.

Binance Snub: Could it affect PI growth?

One of the major contributors to PI’s recent market DIP is Binance’s decision not to include PI coins in its latest listing votes. Binance voted, with 86% of participants in favor of PI listing.

Despite this support, Binance is still not in action. This delay can cost both PI and Binance in terms of transaction volume and revenue. According to analyst Kim Wong, PI’s average 24-hour trading volume is around $500 million, which is a substantial asset that Binance can take advantage of.

Binance’s dilemma: trust issues and internal struggles

Wong also speculated that Binance could be hesitant to list PIs due to internal issues that could affect their ability to build trust with the community. Exchanges may be keen to list PIs in the future, but they must first solve their own challenges. For now, the Crypto community believes that a list of PIs will eventually arise, but no desperate requests or negotiations are required.