Pi Network’s Wild Ride: Banxa Pauses, Binance Hints, and Pi’s Price Stagnates

by

Ah, the tale of Pi—our beloved cryptocurrency. A few weeks ago, it plummeted to a record low, making us all feel like we were chasing a mirage in the vast desert of digital coins. Now, Pi is happily languishing between $0.60 and $0.65, like a restless ghost in the crypto graveyard. Volatility? It’s taking a nap. But recovery? Well, that’s a different story, my friend.

And to add some extra spice to this already deliciously tragic story, Banxa, that sweet crypto payment platform we all know and love, has decided to pause Pi transactions. Why, you ask? Oh, just a little thing called Know Your Business (KYB) approval. No biggie. Banxa—having scooped up millions of Pi at bargain prices—may return once the bureaucratic gods smile upon them and Pi’s price gets its act together. Ah, the sweet scent of approval!

But wait, the plot thickens. It’s been over two months since Pi Network celebrated its grand victory in Binance’s community vote. A victory so wide it could have been a flood. Yet, Pi remains… unloved. Unlisted. Forgotten by the mighty Binance. And just when all seemed lost, April 25 arrived like a glorious sunrise, bringing with it new listing guidelines from Binance. Cue the fresh speculation! 🎉

These shiny new rules from Binance have a delightful focus on things like “strong fundamentals” (how quaint), “adoption metrics” (so last season), “tokenomics” (do they even know what that means?), and of course, “team credibility” (LOL). As for projects like Pi, whose token is already circulating freely like a leaf in the wind, Binance insists on checking things like trading volume, liquidity, and market performance. It’s like they’re looking for a unicorn, but a regular horse will do.

But don’t get your hopes up too quickly. Major obstacles still stand between Pi and a listing. You see, Pi hasn’t yet made its grand entrance onto any of the four blockchains Binance currently supports: BNB Chain, Solana, Base, and Ethereum. Until Pi pulls off some magic trick to integrate itself into one of these, or at least provide a roadmap for expansion, its future at Binance is as uncertain as your ex’s feelings.

So, what’s the forecast for Pi Coin’s price, you ask?

Well, Pi is currently trapped in a tight range, squished inside a wedge pattern like a sardine in a can. Resistance lies at $0.65—like the solid wall of a fortress. If Pi can manage to break through this barrier, and especially if it does so with gusto and volume, it could trigger a glorious rally. However, if it fails to break out, don’t be surprised if it falls back to test the comforting $0.60 support. 🤞

And as if to add a cherry on top of this rollercoaster, crypto guru Dr. Altcoin has weighed in. According to him, Pi’s big moment may not come at the end of August when the Pi unlocking event looms. Oh no, he says, brace yourselves for the real fireworks during the Consensus Summit (May 14–16, 2025). Get your popcorn ready, folks. 🍿

Read More

2025-04-27 14:28