- Pi Network users have criticized the project for numerous glitches, preventing them from transferring PI.
- The project announced a 14th March deadline for KYC to claim their PI coin holdings.
- Binance has remained quiet when it comes to listing the PI token on the exchange.
Confusion surrounds Pi Network, the mobile-phone crypto mining project. Users are caught in uncertainty over a potential Binance listing and widespread Know Your Customer (KYC) verification problems, all happening as a crucial March 14 deadline approaches.
Despite Pi Network’s promises of financial inclusion, many early believers, ‘pioneers’ as they’re called, are facing migration nightmares. Technical issues are preventing them from accessing PI tokens they’ve mined, leaving them in limbo.
KYC Deadline Fuels Migration Chaos; Binance Listing in Question
Adding to the uncertainty, the March 14th, 8:00 AM UTC deadline is looming.
Users who don’t pass KYC by then risk losing most of their PI holdings, except for coins mined recently. While the Pi Core Team has offered a ‘grace period,’ countless users say they still can’t complete verification. This KYC bottleneck is creating real chaos.
Crypto analysts are calling on Pi Network to extend the deadline until these tech glitches are sorted out. Some critics are going further, accusing Pi Network of ignoring user problems and questioning the project’s legitimacy. The lack of clear answers only adds to the overall uncertainty.
Related: Pi Network Issues Final KYC Deadline: Mainnet Migration Set for March 14
Binance Silence Sparks Listing Speculation—and Doubt
Another major source of uncertainty is the still-unconfirmed Binance listing. Will Binance, the biggest crypto exchange, list PI? A February user poll suggested strong Binance user support for listing PI, raising hopes that March 14th—Pi Network’s anniversary—might bring a Binance listing.
However, Binance hasn’t said a word officially. This silence is feeding market uncertainty and leaving investors guessing. No one knows for sure what Binance will do.
PI Coin Price Check
At the time of writing, PI is trading at $1.38, reflecting a 1.42% decline in the past 24 hours. With a market cap of $10 billion, PI ranks as the 11th-largest digital asset per CoinMarketCap.
Looking at technical indicators, the Relative Strength Index (RSI) suggests PI could be getting oversold. Bollinger Bands (BB) are tightening, meaning price volatility is dropping, and the price is near the lower band around $1.1563. This could indicate a consolidation phase before a bigger price move, but uncertainty remains high.
Related: Pi Network Price Plunge: What’s With the Pi Coin’s Wild Price Swings?
If PI manages to break above the mid-Bollinger Band level (around $1.5136), that could signal renewed bullish momentum, with the next resistance area around $1.8709. But, if PI can’t hold its current price, it could fall further to test the $1.15 support level. The price action itself is uncertain, mirroring the broader situation.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
