{"id":52457,"date":"2025-03-17T16:49:53","date_gmt":"2025-03-17T16:49:53","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=52457"},"modified":"2025-03-17T16:49:53","modified_gmt":"2025-03-17T16:49:53","slug":"80-surge-for-this-cryptocurrency-after-binance-listing-hint-its-not-pi","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=52457","title":{"rendered":"80% Surge for This Cryptocurrency After Binance Listing (Hint: It\u2019s Not PI)"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

The listing announcement sent XUSD soaring 80% to $1.80 before quickly returning to its $1 target as a stablecoin pegged to the US dollar.<\/p>\n

Despite 86% community support, PI still awaits support from Binance.<\/p>\n

<\/a><\/span><\/p>\n

The Brief Spike<\/h2>\n

The world\u2019s largest crypto exchange <\/span>announced<\/span><\/a> that it will list StraitsX USD (XUSD) on March 19. The trading pair available to users from that date is XUSD\/USDT, which will initially be the subject of a zero-fee promotion.\u00a0<\/span><\/p>\n

\u201cDuring the Promotion Period, all eligible users can enjoy zero fees on XUSD\/USDT spot and margin trading pairs (if applicable),\u201d the disclosure reads.<\/span><\/p>\n

Support from a crypto behemoth such as Binance often positively impacts the price of the involved digital asset. XUSD exploded by nearly 80% shortly after the announcement, reaching almost $1.80. <\/span><\/p>\n

<\/a>XUSD Price, Source: CoinGecko<\/p>\n

Later on, though, it <\/span>retraced back<\/span> to $1 (where it\u2019s supposed to be). After all, XUSD is a stablecoin issued by the licensed payment institution StraitsX and is pegged 1:1 with the American dollar.\u00a0<\/span><\/p>\n

According to Binance\u2019s statement, the asset \u201cenables near-instant transactions, streamlining financial operations and bridging the digital and traditional financial ecosystems\u201d with the stability of the greenback.\u00a0<\/span><\/p>\n

\u201cThe XUSD smart contract was developed to integrate digital and traditional financial ecosystems, leveraging the stability of the U.S. Dollar. Beyond payments, XUSD can <\/span>be used<\/span> for cross-border remittances, on-chain trading, decentralized finance (DeFi) applications, corporate treasury management, and merchant settlements,\u201d the company added.<\/span><\/p>\n

PI Will Have to Wait a Bit Longer<\/span><\/h2>\n

The latest Binance listing might have disappointed some crypto community members who expect to see Pi Network\u2019s native token live on the platform.\u00a0<\/span><\/p>\n

PI became publicly accessible on February 20 when the project launched<\/a> its Open Network. The exchanges that embraced the coin on day 1 include Bitget, OKX, MEXC, and others.\u00a0<\/span><\/p>\n

Binance <\/span>was also rumored<\/span> to jump on the bandwagon. It even\u00a0<\/span>held a community vote<\/span><\/a> to determine whether its users would want to see the asset available for trading, and over 86% of the voters clicked the \u201cyes\u201d option. Regardless of the overwhelming support, the exchange remains silent on the matter.<\/span><\/p>\n

A potential greenlight would increase the token\u2019s liquidity and visibility and possibly trigger <\/span>upward<\/span> pressure for the price. Currently, PI is worth roughly $1.37 (per CoinGecko\u2019s data), representing a 20% decrease on a two-week scale.<\/span><\/p>\n

<\/a>PI Price, Source: CoinGecko<\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/p>\n

The post 80% Surge for This Cryptocurrency After Binance Listing (Hint: It\u2019s Not PI)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The listing announcement sent XUSD soaring 80% to $1.80 before quickly returning to its $1 target as a stablecoin pegged to the US dollar. Despite 86% community support, PI still awaits support from Binance. The Brief Spike The world\u2019s largest crypto exchange announced that it will list StraitsX USD (XUSD) on March 19. The […]<\/p>\n","protected":false},"author":0,"featured_media":52458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52457"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=52457"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/52457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/52458"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}