Tuesday, January, 21, 2025

Pi Network Makes Market Comeback as Bitunix Launches PI Futures Trading

Bitunix lists Pi Coin futures, fueling market buzz as Pi Network regains momentum after months of uncertainty.
Bitunix
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Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.
  • Bitunix launches futures trading for Pi Coin, signaling renewed trader interest.
  • Pi Network sees fresh momentum despite past KYC and Mainnet challenges.
  • Developers prepare dApps as the network edges closer to Open Mainnet access.

Cryptocurrency market has shown renewed interest in Pi Network because Bitunix enables trading of Pi Coin (PI) derivatives. The notion has recently captured new trader interest and altered market perceptions across the crypto fields.

According to Bitunix, the new trading pair allows users to speculate on the future price of Pi Coin. Users can now open bids or bear positions for PI through Bitunix trading without maintaining token ownership.

Although Pi Coin is still unavailable for spot trading or withdrawals, this move has sparked fresh market interest. The platform provides crypto traders with another engagement channel for PI while waiting for the Open Mainnet launch.

Bitunix Listing Marks a Turning Point in Pi Network’s Market Journey

The Bitunix adoption of supporting Pi futures trading represents an evolving perception of the Pi Network ecosystem. Market analysts interpret this development as an indicator of confidence building for the network beyond its past issues.

Pi Network has recently faced backlash over delays, closed Mainnet operations, and unresolved KYC issues. Long-term supporters and traders brought forth a positive outlook when Bitunix established its futures listing.

Presently Pi Network attracts more than 60 million users spread across worldwide regions. Pi Network employs mobile devices for mining operations and social trust agreements enable its swift expansion without depending on standard mining procedures.

Current improvements consist of implementing Chainlink oracles together with Ethereum-based stablecoins including USDT and USDC. The upgrades demonstrate that Pi Network builds essential elements for a blockchain system that users can interact with seamlessly.

Internal developers within Pi’s network operate decentralized applications to build Open Mainnet capability. This internal development process at Pi is establishing basic elements that will lead to expanded functionality and an enlarged user base.

Pi Coin’s sharp price increase and futures debut on Bitunix are reshaping the conversation around the project. The closed phase of Pi has not stopped traders from preparing to operate in the coming phase.

Also Read: Ripple Buys Hidden Road in $1.25B Crypto Power Move

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