Despite the significant losses experienced by the cryptocurrency market, Pi Network demonstrates stability, standing out against the overall downturn.
Rising Popularity of Pi Network
Recently, Pi Network has gained attention by increasing its value to $1.60, reflecting a surge of over 158% from its Friday lows. With a market capitalization of $10.7 billion, Pi ranks as the 11th largest cryptocurrency.
Binance Considers Pi Listing
One of the key factors behind Pi's rise is the anticipation of its listing on Binance, the largest cryptocurrency exchange. In a poll conducted by Binance, most users voted in favor of supporting Pi.
Price Prospects and Technical Analysis
With the culmination of the KYC grace period, Pi's price has been climbing. It reached a level of $1.60, following an ascending trendline. A breakout above the $1.67 resistance level could lead to a new all-time high of $2.20.
Despite the overall downturn of the crypto market, Pi Network continues to show confident growth dynamics. Anticipations of listing on a major exchange and sustained demand contribute to a positive sentiment around Pi.
