PI NETWORK PRICES ARE SKYROCKETING – IS THE BULL RUN REAL? 🚀💸
Oh joy, oh rapture! Pi Network is still standing, defying the odds and looking like a total rockstar in the midst of a broader cryptocurrency sell-off. Who needs stability when you can have Pi, am I right? 😂
Pi Network (PI), which launched its mainnet last week, has surged to $1.60, up over 158% from its lowest point on Friday. I mean, who wouldn’t want to invest in a cryptocurrency that’s basically a hot potato? 🍟 According to CoinMarketCap, its self-reported market capitalization jumped to $10.7 billion, making it the 11th-largest cryptocurrency. Because, you know, size matters. 🤣
The biggest blue-chip tokens, like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX), crashed by over 10% in the last 24 hours. But hey, who needs those boring old cryptos when you can have Pi, right? 🤪
A key factor behind Pi’s rise appears to be speculation surrounding an upcoming Binance listing. Binance, the world’s largest crypto exchange, is conducting a poll on whether to list Pi, with most users voting in favor. Because, you know, the people have spoken. 🗣️
A Binance listing would be significant, given the platform’s 200 million users worldwide. In addition to spot trading, Binance may also introduce Pi to its futures market. Because, you know, leverage is always a good idea. 🤑
Binance would join other major exchanges that have already listed Pi Network, including OKX, HTX, Bitget, and Gate.io. A listing on Binance could pressure other tier-1 exchanges like Coinbase, Upbit, and Kraken to offer it. Because, you know, competition is a good thing. 🏆
Pi Network’s price is also climbing ahead of the upcoming Know Your Customer grace period deadline. The final phase of the grace period will end on Feb. 28. After that, pioneers will only be able to migrate Pi coins mined in the past six months to the mainnet. Because, you know, deadlines are fun. 🕰️
The hourly chart shows that Pi was trading at $1.60 on Tuesday, aligning with the ascending trendline connecting the lowest swings since Feb. 22. This diagonal support forms part of an ascending triangle pattern, a popular bullish continuation signal. Because, you know, charts are like crystal balls. ⚖️
Pi Network’s price has also moved above the 25-period moving average, indicating that bulls remain in control. A breakout above the $1.67 resistance level would confirm the bullish outlook and potentially push the price toward its all-time high of $2.20, marking a 36% increase from current levels. Because, you know, the sky’s the limit. 🚀
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2025-02-25 17:14