Pi Network Price Surges by 20%
The price of Pi Network (PI) has experienced a significant increase of over 20% in the last 24 hours, reaching a high of $1.74.
- Despite the surge, PI is still 44% below its peak of $2.99, but there is potential for further growth.
- Upcoming events such as Pi Day and a possible listing on Binance could act as catalysts for pushing PI higher.
Reasons Behind the Price Increase
The price of Pi saw a sharp increase from $0.61 on February 20 to its all-time high of $2.99 on February 26.
Despite market fluctuations, PI has managed to maintain its value. Currently, the token is trading around $1.67 after bouncing back from a low of $1.61.
Anticipation for Pi Day on March 14 has also contributed to the positive momentum. Users are required to transfer their testnet-mined PI coins to the mainnet by this date, marking the sixth anniversary of Pi Network’s launch.
Potential Binance Listing
Speculation surrounding a potential listing on Binance has further boosted PI’s outlook. An overwhelming 87% of participants in a Binance poll voted in favor of listing PI on the exchange.
Although there has been no official announcement from Binance yet, the possibility of PI being listed on one of the largest crypto exchanges has generated excitement among investors.
With strong support at $1.60 and resistance at $1.75 and $2.00, PI could see further gains driven by the momentum of Pi Day and potential listing news.
