Pi Coin Returns to BitMart After Banxa Suspension: A Look at the Project’s Future

Pi Coin has resumed trading on BitMart, marking a significant step after its price plummeted nearly 80% from its peak. This move comes amidst concerns over the project’s legitimacy and liquidity. A month ago, the suspension of Pi trading on BitMart due to pending KYC (Know Your Business) approval for 1:1 Pi swaps further hindered accessibility. However, this resumption could fuel a price recovery, potentially pushing it towards the $1 mark according to crypto expert Dr. Altcoin. Dr. Altcoin believes the upcoming official KYC approval from BitMart could boost investor confidence in the project’s long-term future. Additionally, Banxa’s recent decision to halt Pi Coin transactions due to pending KYC approval, although a significant setback, may pave the way for a potential comeback once the approval is granted. This potential rebound might coincide with a price surge, potentially reigniting optimism in the investor community. Despite these developments, Pi Network’s limited presence on major exchanges like Binance, Coinbase, and Kraken continues to hinder its reach and trading volume. However, recent speculation regarding an exchange listing on platforms such as HTX is generating buzz. While these moves represent a step towards greater visibility and trading activity for Pi Coin, their effect on the project’s overall global standing remains to be seen.