Pi Network (PI) Price Prediction & Analysis: The 12th Largest Crypto That’s Still Missing from Binance

Introduction

Pi Network (PI) is a decentralized, community-driven cryptocurrency that has been on the market since 2019. Despite being one of the top 12 largest cryptocurrencies by market capitalization, it is still not listed on popular exchanges like Binance. In this article, we’ll explore the current state of Pi Network, its price prediction, and what’s holding it back from being listed on Binance.

What is Pi Network?

Pi Network is a proof-of-stake (PoS) blockchain-based cryptocurrency that uses a novel consensus algorithm called “Pi-BFT” (Byzantine Fault Tolerance). It was created by Nicolas Kokovin, a former Google engineer, and his team. The project’s primary goal is to create a cryptocurrency that is fast, scalable, and energy-efficient.

How Does Pi Network Work?

Pi Network operates on a decentralized network of nodes, which are run by a community of users. Each node is responsible for verifying transactions and maintaining the integrity of the blockchain. The network uses a unique consensus algorithm that is designed to be more energy-efficient and faster than traditional proof-of-work (PoW) algorithms.

Why is Pi Network Not Listed on Binance?

Despite being one of the top 12 largest cryptocurrencies by market capitalization, Pi Network is still not listed on Binance, one of the largest cryptocurrency exchanges in the world. There are several reasons for this:

Regulatory Compliance

Binance has strict regulations and compliance requirements for listed tokens. Pi Network has not been able to meet these requirements, which has hindered its listing.

Liquidity and Trading Volume

Pi Network’s trading volume is relatively low compared to other cryptocurrencies listed on Binance. This lack of liquidity and trading volume may be a barrier to listing.

Price Prediction

Predicting the price of Pi Network is challenging, but we can analyze its current market trends and make an educated guess. Here are a few possible scenarios:

Bullish Scenario:

If Pi Network is able to resolve its regulatory issues and increase its liquidity, its price could surge to $1.50 by the end of 2023.

Bearish Scenario:

If Pi Network fails to meet its regulatory requirements and its liquidity remains low, its price could drop to $0.50 by the end of 2023.

Conclusion

Pi Network is a promising cryptocurrency with a strong community and innovative technology. However, its lack of listing on Binance and regulatory issues are significant hurdles that need to be overcome. While predicting its price is challenging, a bullish scenario could see it reach $1.50 by the end of 2023, while a bearish scenario could see it drop to $0.50.

FAQs

Q: What is the current price of Pi Network?

A: The current price of Pi Network is around $0.85.

Q: Why is Pi Network not listed on Binance?

A: Pi Network is not listed on Binance due to regulatory compliance issues and low trading volume.

Q: What is the market capitalization of Pi Network?

A: The market capitalization of Pi Network is around $12 billion, making it the 12th largest cryptocurrency by market capitalization.

Q: How does Pi Network’s consensus algorithm work?

A: Pi Network uses a novel consensus algorithm called “Pi-BFT” (Byzantine Fault Tolerance) which is designed to be more energy-efficient and faster than traditional proof-of-work algorithms.