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Pi Network (PI) Price: Token Falls Below $0.70 as Binance Excludes It From Listing Initiative
- Pi Network's cryptocurrency (PI) has dropped below $0.70 for the first time in a month, hitting $0.6646, amid dwindling trading activity and community criticism of communication.
- Pi saw a 20% drop over a week, sparking concerns about its support at $0.60 and project's future direction.
- Binance excluded PI from its Vote to List initiative for the second time, disappointing supporters hoping for a major exchange listing.
- Despite securing a listing on BTCC Exchange, PI failed to gain positive price momentum.
- Criticism towards Pi Core Team focuses on communication transparency, with calls for more frequent and transparent updates.
- Community members advocate for leadership changes and decentralized governance to restore faith in Pi Network.
- Pi Network's base mining rate decreased, raising concerns among miners about diminishing rewards.
- Technical outlook for Pi Coin appears challenging, with support at $0.60 and resistance at $0.75-$0.78.
- Market experts suggest recovery potential for Pi if it secures major exchange listings and improves transparency.
- Future of Pi Network is uncertain, with ongoing leadership issues and dwindling trading volume shaping its trajectory.
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