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Pi Coin Trading Suspended by BitMart, Delisted by Banxa: What’s Next for Pi Network Price?
The cryptocurrency market is known to be unpredictable and volatile, with numerous projects struggling to maintain their value. This has been the case with Pi Coin (PI) which was suspended from trading on BitMart and delisted by Banxa.
Pi Coin Trading Suspended by BitMart
It’s come to light that BitMart has suspended trading for Pi Coin. The exchange is still awaiting KYB approval from the Pi Core Team in order to proceed with a 1:1 Pi swap, which would allow users to transfer their funds to another account. While there’s no official timeline given for when this will happen, it seems like users are growing increasingly frustrated by the lack of information provided.
Banxa Removes Support for Pi Coin
To make matters worse, Banxa has removed support for Pi Coin. This decision further exacerbates the uncertainty surrounding Pi’s future. Without a platform to buy or sell on, investors may be hesitant to participate in the market, which could cause the price of the coin to drop further.
Recent Developments Could Spell Trouble for Pi
Despite these setbacks, there are some glimmers of hope for those invested in Pi Coin. First and foremost is Huobi Exchange’s recent social media messages encouraging users to hold onto their low-priced Pi coins. This could be a sign that major developments are on the horizon, but we’re still unsure what this might entail.
Consensus 2025: A Key Event
Another event worth keeping an eye on is Consensus 2025. The annual gathering is one of the biggest in the industry and will feature Nicolas Kokkalis, the founder of Pi Network, speaking about his project. This could be a crucial opportunity for the team to share major updates with users and rekindle interest in the coin.
Long-term Prospects Uncertain
Despite these potential developments, it’s difficult to ignore the fact that Pi Coin has lost nearly 80% of its value since its peak. Without significant changes in the market, long-term prospects seem uncertain at best.
Source: https://coinpedia.org/news/pi-coin-trading-suspended-by-bitmart-delisted-by-banxa-whats-next-for-pi-network-price/
