Pi Network (PI) Important Signal: Pi coin opens a new round of exchange listings, is the $1 target coming soon?

Pi Network (PI) price remains flat, today (23) in the European early session it reports at 0.4746 USD, failing to reclaim the important threshold of 0.50 USD. Pi coin has initiated a new round of exchange listings, with Swapfone announcing that it will list Pi coin and start trading on July 22 at 14:00 (UTC time).

This listing is accompanied by a celebratory airdrop event, where Swapfone will gift 200 Pi coins to 10 users who shared their mining time of Pi coin before the mainnet launch.

However, despite these seemingly positive news, the price of Pi coin remains sluggish. In fact, during the recent rebound in the cryptocurrency market, Pi coin's performance lagged behind other major altcoins. While Bitcoin has repeatedly set new highs, Ethereum (ETH), Ripple (XRP), and Solana (SOL) have also achieved double-digit surges, Pi coin has only increased by 6% in the past seven days.

(Source: Gate)

Why has the Pi coin surge paused?

Experts and investors are feeling confused. As early as May, Pi coin showed signs of following the overall market trends. However, in recent weeks, this trend has reversed. One of the reasons for the stagnation may be the community's increasing frustration with unmet expectations.

Many people are looking forward to the listing of top exchanges like Binance or Coinbase, but this has not yet happened. Events like Pi Day and Pi2 Day have come and gone, yet there has been no exciting news.

Since the mainnet went live in February of this year, the token price has remained around historical lows. This has raised concerns among long-term holders who hope that the mainnet opening would bring better liquidity and a practical usage experience.

What is the next step for Pi coin?

On a macro level, the sentiment in the cryptocurrency market remains bullish. Ethereum is leading the charge, and the regulatory situation has slightly improved after the U.S. House of Representatives advanced key cryptocurrency legislation, including the CLARITY Act and the Anti-CBDC Surveillance Act. This "risk appetite" environment is generally favorable for altcoins like Pi.

In addition, large CEXs have previously conducted user surveys regarding the possibility of listing Pi coin, with 90% of users expressing positivity towards it. Although Pi coin has not yet been listed on this CEX, such a high level of interest indicates that Pi coin still has strong community support.