Pi Network Sees 20% Price Increase, But Still 45% Below ATH
TL;DR
Pi Network’s price has increased by 20% in 24 hours, reaching $1.63, although it remains 45% below its all-time high of $2.99.
The deadline to migrate tokens from the testnet to the mainnet is March 14, and those who don’t complete the process by 08:00 AM UTC will miss the opportunity.
The potential listing on Binance has fueled speculation, after a poll on the platform showed that 87% of participants support its listing.
Pi Network’s price has risen by over 20% in the last 24 hours, reaching a current value of $1.63 per unit. However, on a weekly basis, it still shows a 15.34% loss. Additionally, it remains 45% below its record high of $2.99, set in February. The upward trend has generated expectations in the market. The surge coincides with the approach of Pi Day, an important date for the project’s community.
March 14 marks the end of the grace period for users to transfer their tokens from the testnet to the mainnet. Those who fail to complete this process before 08:00 AM UTC will lose the opportunity to do so. The days leading up to this deadline have been chaotic for Pi, as some users have encountered issues with the KYC verification system. These technical glitches have left many users unable to proceed with the migration of their assets.
Awaiting Binance Listing and Pi Day
In addition to Pi Day, the possibility of Binance listing the token has fueled speculation. Recently, the exchange conducted a poll where 87% of participants supported the token’s inclusion. Although Binance has not yet made a decision, the expectation of a potential listing has strengthened the positive sentiment among holders.
From a technical standpoint, PI has found support around the $1.60 mark and has maintained increasing trading volume. Resistance lies in the $1.75 to $2.00 range. If buying pressure continues, the price could surpass $2 and approach its all-time high again.
Market behavior in the coming days will depend on several factors, from investor activity during Pi Day to any announcements related to Binance. The combination of these elements will determine whether the bullish trend continues or if the asset will collapse again
Filed under: News - @ March 12, 2025 3:07 pm