Pi Network price has soared more than 23% today, outpacing other top cryptocurrencies that have recorded marginal gains. Notably, many market watchers deem the current surge due to the upcoming Pi Day optimism, with many anticipating a flurry of announcements during this time. Besides, the anticipation of a potential Pi Coin’s Binance listing has further bolstered market confidence.

Pi Network Soars 20%: What’s Next?

Pi Coin value today was up over 23% and exchanged hands at $1.67, while its trading volume soared 62% to $747 million. Notably, the crypto has touched a high of $1.74 in the last 24 hours, recovering from its one-day low of $1.35.

Besides, the surge comes amid rumors of an impending price-pegging mechanism of Pi on the blockchain. The community recently discovered a smart contract code linked to Chainlink, referencing Pi Coin.

The price-pegging mechanism is expected to bring stability to Pi’s value, further fueling investor enthusiasm. Although there is no official confirmation, a recent Pi price analysis hints at a potential rally to $5 ahead.

Pi Day Fuels Excitement

Pi Network’s recent rally has sparked optimism across the crypto community. Many attribute the surge to growing anticipation ahead of Pi Day, which falls on March 14. Crypto analyst Moon Jeff highlighted Pi’s strong $1.3 support level, predicting a price jump to $5 if momentum holds, echoing a similar sentiment to CoinGape’s price analysis.

Meanwhile, crypto exchange HTX also teased its followers with Pi-related posts, fueling speculation about a major announcement. In an X post, HTX stated, “Two days to go! How should we celebrate Pi Day?” This cryptic message has left many wondering whether a new listing or partnership is on the horizon.

Here’s What To Expect On Pi Day

Pi is rapidly building its decentralized ecosystem, with over 100 decentralized applications (dApps) reportedly in development. A Pi Coin enthusiast on X, The Times of PiNetwork, expressed excitement about upcoming upgrades, stating, “Pi Network is preparing to unveil 100+ dApps, enhancing the coin’s real-world utility.”

Pi’s growing ecosystem has positioned it as a potential game-changer in the Web3 space. With 65 million active users and over 150 million app downloads, its adoption rate surpasses many established cryptocurrencies. Enthusiasts believe this could lead to mainstream recognition and utility-driven price stability.

Global Impact & Future Outlook Of Pi Network

Pi Network’s unique approach to mining has drawn global attention. Unlike Bitcoin, which requires high energy consumption, Pi Coin can be mined on mobile devices, making it more accessible. The project has already KYC-verified nearly 20 million users, setting a record in the crypto industry.

As Pi Day approaches, investors and enthusiasts eagerly await official announcements. If Pi Network delivers on its promises, its price momentum could extend beyond March 14.

Another key driver behind Pi Coin’s bullish momentum is speculation surrounding a potential Binance listing. Pi is already available on several major exchanges, including OKX, MEXC, and Bitget. However, a Binance listing would significantly boost liquidity and exposure. If Binance confirms a listing on Pi Day, as many anticipate, the crypto could see an explosive rally in the coming weeks.

The post Pi Network Soars 20%: Here’s What To Expect On Pi Day appeared first on CoinGape.

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Filed under: News - @ March 12, 2025 1:45 pm