The post Pi Network Soars 42% Past $2 as Best Wallet Token Gains Momentum appeared on BitcoinEthereumNews.com.

New Layer-1 blockchain project Pi Network ($PI) rocketed more than 40% today, putting this new project firmly in growth mode. The explosive move comes after a period of high volatility and consolidation around $PI, in which the token saw its price drop briefly to a low of $0.66. Now over $2, the token has rewarded traders who got in at the bottom with a 3x return. Pi Network has a market cap approaching $15 billion and 24-hour trading volume of nearly $1.5 billion, indicating the token’s momentum could just be getting started. Pi Network isn’t the only altcoin defying the dip – Best Wallet Token is another presale gaining momentum as its presale passes the $10.5 million mark. Pi Network Attracts Investors and Exchange Listings with Mobile-friendly Crypto Mining The Pi Network blockchain stands out in a crowded field of Layer-1 projects as one of the only cryptocurrencies built for mobile token mining. That’s a huge benefit for ordinary crypto investors who want a chance to take part in mining and build their crypto fortune, but don’t have the money or technical skills to dive into traditional infrastructure-heavy mining operations. The network quickly attracted a user base of more than 60 million crypto enthusiasts, making it one of the most popular new blockchains of this cycle. On top of that, Pi Network has been massively successful at attracting developers to its nascent blockchain. The project offers a seamless set of developer tools, low-code integrations with Web3, and enormous scalability compared to busier blockchains like Ethereum and Solana. So, it came as no surprise when Pi Network’s token airdrop, held last week, became the largest crypto release in history. The project distributed more than $12.6 billion worth of $PI tokens. The airdrop was accompanied by major exchange listings, including on OKX,…

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Filed under: News - @ February 26, 2025 10:16 pm