Binance Snubs Pi Network Again: Will It Ever Get a Seat at the Crypto Table?

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Once again, Binance has reached the sandwich table and managed to overlook the Pi Network, much to the chagrin of the crypto community. It seems that during their latest round of “Vote to List” — which sounds suspiciously like some sort of popularity contest run by high schoolers — they picked a dozen other tokens, none of which have Pi in their name. Who knew that math would lead to such social rejection?

In case you’re wondering, Pi is currently scraping by at:

PI: $0.63
24h volatility: 6.0%
Market cap: $4.30 B
Vol. 24h: $299.42 M

Now, while these selected tokens — VIRTUAL, BIGTIME, UXLINK (sounds like a boring Tetris game), and the rest of the crypto alphabet soup — get to strut their stuff, Pi Network is left standing in the corner, trying to look invisible. Honestly, it’s like attending a party only to find out you’re the only one who didn’t RSVP.

This stark disappointment follows another instance earlier in March in which Pi was also forgotten like the last slice of cake. Binance, it seems, has drawn a hard line, stating that only BNB-based projects will be graced with their spotlight. So, it appears Pi Network’s parties are strictly BYOB — Bring Your Own Binance.

Now, while the Pi community clings to the hope that maybe, just maybe, their beloved token will pop up as a surprise guest one day, experts are not exactly rolling out the red carpet. Their reasoning? Lack of transparency—a term that feels a lot like “we don’t want to talk about it.” The PiCoreTeam has been criticized for not divulging enough details about their magical tokenomics, which, let’s be honest, sounds a bit like a magician who refuses to share his secrets. Who does he think he is, Houdini?

Adding to the drama, Bybit CEO Ben Zhou has deemed the project a scam, which is like throwing a snowball into a hot fire. PI has dropped more than 75% since its high of $2.98, a number collectors noted with a smirk because it seemed destined to be as short-lived as a viral meme.

According to Binance’s finicky standards, projects have to meet a stringent transparency and compliance checklist. That’s like trying to get into the VIP section by proving you are indeed taller than the bouncer. Poor Pi Network—stuck in limbo while traders nervously await the next plot twist.

PI Price Analysis

As it stands, PI is limping along at $0.64, a mere shadow of its former self, down a thrilling 6.5% over the past day. It must be such a comforting time for Pi to know that even in a world filled with ups and downs, it’s consistently southbound — off 25% in the last week. Bless its little capital, which has also taken a hit, resting at around $4.4 billion.

But wait! There’s hope! Pi seems to be attempting a daring escape from the depths of despair with a bullish reversal pattern in sight, caught in a dramatic falling wedge. It’s almost like watching a soap opera where the protagonist realizes they can fight back against all odds!

$PI locked inside a falling wedge in 2hr chart — a classic pattern known for potential bullish breakouts!

Price is hugging the lower boundary of the wedge, showing signs of possible exhaustion in the downtrend. If bulls step in and break above the wedge resistance, we could see…

— Crypto Sat (@cryptosatred) April 3, 2025

As the excitement builds — or throttles down to a snail’s pace — traders are analyzing it all. We might potentially witness the bulls prancing about if the price surpasses the mysterious $0.68 barrier. But, as with anything in the world of finance, patience is a virtue. Don’t rush in without some volume confirmation, people!

On the broader horizon, the Relative Strength Index (RSI) is hovering around 29.40, teasing us with hints that maybe, just maybe, traders will reclaim some bullish territory soon. But if that RSI doesn’t perk up, we might be waving goodbye to PI for a bit longer.

Source: TradingView

Meanwhile, the Bollinger Bands are holding out hope that volatility might bring some action. With prices flirting at the lower band of $0.64, this could either end in a bounce back towards glory or a free-fall into the abyss. Guess we’ll just have to wait and see if this drama leads to a strike of luck or a comedic tragedy!

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2025-04-03 14:15