What happened?
Pi has increased by nearly 1% following its integration with Telegram’s official crypto wallet. This development allows Pi to reach Telegram’s extensive user base of 1 billion monthly active users. However, despite this news, major exchanges like Binance and Coinbase still refuse to list Pi due to unmet requirements.
Who does this affect?
This affects the Pi community, consisting of investors and traders who hold Pi tokens and are eager for the token to be listed on top exchanges. It also impacts Telegram’s users, who now have easier access to Pi through their platform. The broader crypto community is also watching, as this move may influence market dynamics if it gains traction.
Why does this matter?
This integration with Telegram could potentially boost Pi’s market position by giving it exposure to a massive user base. However, the overall market impact is uncertain, given that Pi’s price action remains sluggish and key resistance levels need to be overcome. Traders are cautious, looking for clearer signals before jumping on board, which means the market is still undecided about this announcement’s long-term significance.