Pi Network Faces Significant Value Challenges as Market Dynamics Shift – BitRss – Crypto World News

Pi Network (PI) is currently undergoing a critical phase, facing a notable loss in value. Since its peak in February, the market value of Pi has decreased by over 45%, currently standing at 11.7 billion dollars, with a fully diluted market value of 164.35 billion dollars. Experts suggest that the global celebration of “Pi Day” (March 14), commemorating the mathematical constant π, could rekindle interest in the altcoin; however, serious risks remain despite potential price increases.

Major Exchanges Resist Listing Pi Coin

Despite its high market value, Pi Network has yet to be listed on major exchanges such as Binance, Coinbase, and Kraken. Although Binance conducted a widely followed survey regarding Pi Coin’s listing, no concrete steps have been taken by the exchange. The lack of liquidity affecting Pi Coin, which has been unable to access the U.S. market via Coinbase and Kraken or enter the South Korean market through Upbit, is intensifying price pressures.

The listing of Pi Coin on major exchanges is crucial as it would significantly boost investor in…