Pi Network price is exploding by 30% daily, adding to a total increase of over 100% over the past month.
The price of the Pi Network’s native cryptocurrency, PI, has exploded by more than 30% in the last 24 hours. This makes it the best performing coin among the top 100 coins in terms of total market capitalization, ahead of Render (RENDER) and Bittensor (TAO), which are up 19.4% and 12.9%, respectively.
Pi Network Price Increase: Factors to Consider
As CryptoPotato reported yesterday, one of the leading cryptocurrency exchanges in the United States, Kraken, announced that it will list PI. According to the statement, trading was supposed to begin today, March 13.
As of this writing, trading has not yet begun, but anticipation is growing. This latest move also follows a massive 175% increase in 24-hour trading volume, signaling increased investor interest.
Pi Network’s price increase also puts its total market capitalization at around $2.8 billion, making it the 36th largest project by this measure, although its fully diluted valuation exceeds $4.3 billion.
What’s next?
It is interesting to see if the most recent rally can be sustainable, given the uncertainty in the crypto sector and broader markets. However, it is worth noting that PI price has performed very well over the past month, despite the current turmoil.
The cryptocurrency is up 73.5% in the past 14 days, adding to a combined increase of over 112% in the past month alone.
This comes ahead of March 14, a date widely celebrated as Pi Day within the community. Although the celebration is broader and usually associated with the number (and not the project), it has become something of a tradition.
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