The price of Pi Coin increases by 1% as Banxa extends its reach to more than 100 nations

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2 months ago

The price of Pi Coin increases by 1% as Banxa extends its reach to more than 100 nations

Pi Cryptocurrency: The Pi Network and its international community have reached a major milestone with Banxa’s recent KYB clearance. People in more than 100 countries can now use Banxa to instantly purchase Pi with cash thanks to this approval. This advancement enhances accessibility and is anticipated to boost the uptake of Pi Networks.

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Recently, Banxa halted Pi transactions. It was thought that Banxa had accumulated millions of Pi at low costs during this period, indicating that they intended to start up again after obtaining regulatory license.

Implications for the Pi Community

People in more than 100 countries can now easily buy Pi with cash thanks to Banxa’s KYB clearance, greatly increasing accessibility and global adoption. Within the next ten days, it is expected that more platforms, such as BitMart and HTX, will also be approved by KYB, demonstrating the project’s increasing institutional support. While people participating in peer-to-peer (P2P) transactions need to be KYC-approved and use non-custodial wallets, only KYB-approved businesses are permitted to use and trade Pi.

82% Drop From All-Time Peak

The price of Pi Coin dropped about 80% from its highest point of $3. Coinmarketcap reports that the price is currently around $0.50 percent. This drop has sparked questions over the project’s credibility, liquidity, and trading support.

Pi Coin Price Prediction

After a period of price pressure brought on by ongoing token unlocks, Pi’s price has increased by 2.5% to about $0 in the last day. Selling pressure may lessen after mid-May as the rate of new unlocks is predicted to slow down, opening the door for possible growth. The next big resistance level is at $0.60.

If there is a breakout over here, the market may become more confident in the project’s future and advance above $1.

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