In the past 24 hours, Pi Network has become one of the top gainers in the crypto market, increasing its value by 15%.
Pi Coin Growth and Its Significance
Over the last day, the price of Pi Coin jumped by 15%, reaching just below $1.60. The market has turned its focus on this asset, raising its market cap above $11 billion. As a result, Pi Coin surpassed Wrapped Bitcoin (WBTC) to become the 12th largest cryptocurrency by market capitalization.
Upcoming Events Affecting Pi Network
One potential contributing factor to the rally is the upcoming Pi Day on March 14, significant for the community as it marks the deadline for KYC completion and the transition to the mainnet. The project will also celebrate its sixth birthday on this date, and rumors suggest that Binance might list PI then.
Market Conditions and Impact on Price
Pi Coin's resurgence aligned with a broader cryptocurrency market rally. BTC briefly climbed above $83,000 before settling near $82,000. Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), and many other leading altcoins are also showing positive momentum.
Pi Coin's price surge reflects not only the enthusiasm within its community but also a broader positive trend in the crypto market.
