Pi Network (PI) has skyrocketed 54.47% to $2.42, claiming a self-reported market cap of $15.91B that outranks many established cryptocurrencies, though these figures await verification.
By Parth Dubey
Edited by Marco T. Lanz
Updated
3 mins read
The Pi Network (PI) token has made headlines with a massive 54.47% surge in the past 24 hours, now trading at $2.42. With a self-reported market cap of $15.91 billion and a trading volume of $1.54 billion, PI has surpassed several major cryptocurrencies, including Chainlink LINK $13.44 24h volatility: 0.4% Market cap: $8.56 B Vol. 24h: $401.94 M , Litecoin LTC $82.57 24h volatility: 3.1% Market cap: $6.23 B Vol. 24h: $411.20 M , and Sui SUI $2.26 24h volatility: 2.4% Market cap: $7.15 B Vol. 24h: $992.53 M .
market cap is higher than all the cryptocurrencies other than the top 10. However, CoinMarketCap has yet to verify these figures, adding a layer of uncertainty.
Pi Network debuted the Open Network last week after six years of promotion, which provided the users of the blockchain with external connectivity. Basically, external connectivity will allow ‘Pioneers’ to “take advantage of Pi’s utilities-backed ecosystem and applications to interface with other compliant networks and systems.”
Another bullish event is the possible listing of the PI token on Binance, the world’s largest cryptocurrency exchange with a massive 24-hour spot volume of $24 billion. A community vote on Binance showed that over 86% of users are in favor of listing PI on the platform, an event that could trigger a price explosion due to massive new demand.
According to crypto influencer “GEM HUNTER” on X (formerly Twitter), PI is going to the $10 price tag in the near future with the Binance listing. The analyst noted that PI is approaching $2 amid a bearish crypto market and could easily hit $5 by the end of April.
Like or not $PI is going to 10$.
Everything dumped, market is bearish, pi about to hit 2$, about to be listed on #binance by the end of the april $PI will trade above 5$. Maybe at 10$
Save this post. Thank me later. #Picoin #PiNetwork $BTC $ETH $XRP pic.twitter.com/PC80glJaSk
— GEM HUNTER 💎 (@TrueGemHunter) February 26, 2025
PI also turned bullish after a breakout from a symmetrical triangle pattern. As shown in the chart below, provided by “CryptoBusy” on X, the price was consolidating inside a tightening range before an explosive breakout. The breakout led to a sharp price jump, signaling a bullish continuation.
$PI BREAKOUT! Congrats to the hodlers!
I personally don't hold any tokens, but I'm happy for their community!@PiCoreTeam 🔥 https://t.co/v6pBVge9zx pic.twitter.com/wUW04TVf8k
— CryptoBusy (@CryptoBusy) February 26, 2025
As clear from the hourly chart below, the RSI (Relative Strength Index) for the PI price action reads a value of 90.88. This indicates that the altcoin is in extreme overbought territory, suggesting a potential retracement or cooling-off period in the near future. On the other hand, the MACD line (blue) remains above the signal line with rising histogram bars, confirming strong bullish momentum.
Source: TradingView
It is also important to note that PI has surged past the upper BB resistance level ($2.41), highlighting heightened volatility and the likelihood of a short-term pullback before continuation. Meanwhile, the $1.85 and $1.29 price levels stand as the nearest resistance levels for the cryptocurrency.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
