The native cryptocurrency of Pi Network, Pi Coin, amazed the market with an explosive gathering of 293% in less than a week, exceeding Bitcoin (BTC), Ethereum (ETH) and Dogecoin (Doge).
THE overvoltage Comes in the midst of increasing speculation on a potential binance list and the recent launch of the open PI network, which has considerably widened its ecosystem.
As of February 26, Pi Coin reached $ 2.62, marking an amazing gain of 65.62% in a single day. Its market capitalization, which now amounts to around $ 15.91 billion, has soaked, exceeding established cryptocurrencies such as ChainLink (Link) and Litecoin (LTC). The negotiation volume also jumped almost 170% to $ 1.66 billion, indicating Increased interest in investors.
Pi Coin has outlined bitcoin, emerging like the most efficient cryptocurrency in the last five days. Source: Eniwealth Ict Don on x
What stimulates the unprecedented growth of the PI network?
The last optimistic pressure was awarded to two important reasons: the launch of the open network of the PI network and speculation on a Potential list on binance.
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Extension of the Open Pi network: February 19, Pi Network officially launched its open network, providing external connectivity of its blockchain ecosystem. The offset makes the platform more compatible with centralized exchanges (CEX), third-party platforms and mass block networks. Based on the PI network, the open network is an important step in the mission of being an cryptocurrency based on public services for everyone in the world.
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Binance Listing Hype: The world of cryptocurrency closely followed the community vote of Binance on the registration of Pi Coin on the number one world exchange. With more than 86% of users promoting the list; The expectations of greater liquidity and mass adoption have fueled the increase in the price of the token stream. A list of binances could potentially expose Millions of new traders, which stimulates demand more.
Outperforming crypto giants in a lower market
While Bitcoin, Ethereum, XRP and Solana faced drops from 9% to 20% during last week, the Pi Coin rally was a rare light point in a market dominated by the lowering feeling. Analysts believe that if the momentum continues, PI could reach $ 5 by the end of April, some specifying that a list of hops could propel it at $ 10 in the near future.
Pi Network (Pi Coin) was negotiated at around $ 2.56 at the time of the press. Source: Tradingview
Crypto influencer “Gem Hunter” commented X, declaring: “Pi shows the force despite the overall slowdown in the market. With the list of binances in sight, we could see $ 10 very soon. »»
Technical indicators also support the upward trend. PI recently broke out with a symmetrical triangle pattern, a classic bullish signal. The relative force index (RSI) is currently at 90.88, which suggests that the asset is in exaggerated territory and could see a temporary withdrawal before a movement up.
Market controversy and skepticism
Despite its rapid increase, Pi Coin was not without controversy. The project was attacked by some with the assertion that this is a pyramidal program. Earlier, CEO of Bybit Ben Zhou warned This PI network had already faced a regulatory examination in China and said: “It is a scam targeting the elderly, theft of personal data and financial loss.”
Pi Network has continuously denied such accusations, saying that it is a legitimate project working on the construction of a decentralized financial system. There are still questions, however, as for its market capitalization figures, which have been self -deprecated and have not yet been verified by CoinmarketCap.
Can Pi Coin support his momentum?
While the PI push was remarkable, Support this growth will depend on several factors, including securing exchange lists, increased adoption and resolution of regulatory concerns. Analysts warn that the current rally could face resistance at higher price levels, especially if the wider market of cryptography continues to fight.
The price of the part PI exceeds the bar of $ 2.50 after the training of the cup and the price model of management. Source: Profitsninja on tradingView
The coming weeks will be decisive for the PI network. If the project can surf its expanding ecosystem and the list on a leading exchange, it can consolidate its serious competitor position in cryptographic space. But in the absence of reliable figures and more transparency, concern are required to persist for its long -term viability.
For the moment, Pi Coin remains among the most anticipated digital active ingredients, arouse interest bullish investors as well as industry cynics. Whether it is able to maintain its rhythm or suffer from a spectacular correction, but which is undeniable – the PI network has firmly installed under the spotlight.