Pi Network Resumes Trading On This Exchange, What Next For Pi Coin?
Highlights
- Pi Network has resumed trading on the BitMart exchange, a month after the exchange suspending Pi coin.
- Crypto expert Dr. Altcoin stated that a KYB approval for BitMart is likely to be announced soon.
- HTX continues to hint at listing the Pi coin soon enough.
The Pi Network has resumed trading on this top exchange, a development which provides a bullish outlook for the Pi coin price. This comes as the altcoin looks to reclaim the $1 price level, with the sentiment in the broader crypto market more bullish at the moment.
Pi Network Resumes Trading On BitMart
In an X post, crypto expert Dr. Altcoin revealed that the Pi Network has resumed trading on the BitMart crypto exchange, a month after the exchange suspended the altcoin pending KYB approval. He noted that this development suggests that an official KYB approval for BitMart might come out soon.
This development is undoubtedly bullish for the Pi coin, especially with the altcoin looking to reclaim the psychological $1 price level. The network’s team has also made efforts to help stabilize the Pi price.
Dr. Altcoin revealed that the Pi Network team has been buying coins from crypto exchanges to help reduce the selling pressure on the token. So far, the team has allegedly used a sub-wallet to buy over 48 million coins from these exchanges.
Meanwhile, the team has also made progress in the ecosystem to help drive the token’s utility. The expert revealed that they recently approved the decentralized application FruityPi. He also mentioned that the team could approve other dApps soon.
Amid these developments, analysts like Moon Jeff have predicted that the Pi coin price could rally to as high as $5, marking a new all-time high.
HTX Again Hints At Listing Pi
Dr. Altcoin drew the community’s attention to crypto exchange HTX’s recent X post, in which it again hinted at a potential Pi Network listing. He noted that out of thousands of cryptos, HTX chose to include the Pi logo in its post, which the expert claimed shows that the love for the altcoin is “unreal.”
It is worth mentioning that this is the third time that HTX has hinted at a potential Pi coin listing. As CoinGape reported, the top exchange initially shared a cryptic post that included Pi’s logo. The second hint was also another post, which also included the logo.
Meanwhile, amid the positive developments, Dr. Altcoin mentioned that Banxa looks to have suspended Pi transactions, possibly due to pending KYB approval. He reminded community members that Banxa has already bought millions of Pi at a low price and is likely to come back stronger once KYB is approved and the Pi coin price rises.
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