The native token of Pi Network continued to gather for the second consecutive day in the midst of community hype prior to Pi Day.
According to data from crypto.news, Pi Network (PI) rose on 13 March to an intraday height of $ 1.79, almost 42% above the lowest point this week. Market capitalization was just over $ 12.2 billion, while the daily trade volume doubled the previous day and waved more than $ 930 million at the time of writing.
Although the crypto is still falling more than 42.5% compared to its highest highest point of $ 2.99 in February, PI recently made a huge leap in rankings.
Only a week ago it was arranged under 3000 on Coinmarketcap, but now it has been shot up to 11th place, which exceeds large cryptos such as Chainlink (link), Hedera (HBar) and Stellar (XLM). The circulating offer is currently at more than 7.13 billion tokens.
Today’s win will only come one day before Pi Day on March 14, a big event for the PI -Ecosystem. In particular, users must complete their KYC verification and migrate their tokens that were mined at the test network to the Maintnet at 8:00 am. If they don’t, they run the risk of losing the mined tokens.
However, many users are still struggling with KYC verification due to technical problems, making it difficult to migrate their pi coins to the mainnet.
In the meantime, the date also marks the sixth birthday of Pi Network since the launch on March 14, 2019, together with his mobile app and white paper.
One of the biggest events in the history of Pi Network was the huge AirDrop on February 20, 2025, in addition to the launch of his open mainnet. After the launch, Pi Coin saw large price fluctuations – spiking to $ 1.97, dropped to $ 0.737 the next day and then bounced back to $ 1.29.
At its peak, the total value of the distributed PI -Tokens reached $ 13.8 billion. Until now, 7.13 billion tokens have been distributed and another 188 million PI tokens will be unlocked in March, available for more than 1 million users.
Despite the large selection that goes into the circulation, it is unlikely that the price will be influenced, because 63% of the Pi -Tokens is locked for three years and another 14% is locked for a year. This means that most unlocked tokens will not immediately come on the market, so that prices remain stable.
One of the most important catalysts for the current rally to expand is speculation around a potential binance list. In a vote in February, more than 87% of the participants supported the addition of PI to the Binance spot market, but Binance still has to respond, making the list uncertain.
In the meantime, PI is currently available at important centralized fairs such as OKX, MEXC, Gate.io and Bitget, among other things.
Pi -Price Analysis
Technical indicators are in favor of a possible continuation of the upward trend of PI.
On the 4-hour USDT price diagram, PI has traded near the Upper Bollinger band, which indicates a strong purchasing pressure that feeds the bullish trend.
With the Aroon at 78.57% and the Aroon with 0%. A high Aroon value suggests frequent new highlights, while the absence of Aroon Down indicates a lack of bearish.
With the relative strength index at 60, PI still has room for further profit before it reaches overbough levels. However, as soon as it approaches this threshold, it can experience a slight withdrawal before it may continue its upward trend.
That is why PI is most likely to continue his rally to the psychological resistance level at $ 2, which previously functioned as a resistance on 5 March. A break above this level could propel the token higher, which makes it possible to test its all time.
Market commentators have also made long -term bullish predictions for PI, expected It must reach $ 4 in the coming weeks.
Others have speculated on even more ambitious goals, with one member of the community row That strong support from the community can push the price to $ 10.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
