The PI network has officially won a new exchange list. Swapfone, a blockchain and a fast -growing digital asset scholarship, announced that it would list Pi Coin ($ PI) with the trade to start at 2:00 p.m. UTC on July 22. The new trading pair available is $ pi / $ USDS.
The list is delivered with an air campaign for celebration: Swapfone offers 200 pi tokens to 10 users who have shared for how long they have exploited Pi before its launch of Mainnet.
However, despite this apparently positive news, the Pi Coin price remains disappointing. During the editorial staff, he is still negotiated below $ 0.50, showing little reaction to the new list. In fact, PI was late compared to other large altcoins during the last rally of the Crypto Market. While Bitcoin has reached new heights and Ethereum, XRP and Solana increased in two figures, Pi Coin only recorded 6% of gains in the last seven days.
Why is Pi stuck?
Experts and investors are perplexed. In May, PI showed signs of monitoring wider market movements. But in recent weeks, this trend has reversed. One of the reasons for stagnation could be the growing frustration of the community with missed expectations.
Many expected level 1 lists on exchanges like Binance or Coinbase, but they have not yet materialized. Famous dates like Pi Day and Pi2 Day have gone and came without exciting ads.
In addition, the token has always hovered near all time since the launch of Mainnet in February. This is worrying for long-term holders who hoped that the open recess would bring better liquidity and real use.
What is the next step?
At the macro level, the feeling of crypto remains bullish. Ethereum is during winnings, and even American regulatory developments have improved slightly after the main bills of the Crypto Advanced Crypto of the Chamber, in particular the law on clarity and the anti-CBDC monitoring law. This “risk” environment generally promotes altcoins such as the PI room.
In addition, Binance previously questioned its users on a potential list of $ PI and 90% responded positively. Although the list has not yet occurred, this kind of interest shows that PI still has solid community support.
