The PI network remained stable on Tuesday, defying a wider sale of cryptocurrency as market risks increased.
Pi Network (PI), which launched its Mainnet last week, increased to $ 1.60, up more than 158% compared to its lowest point on Friday. According to CoinMarketCap, its self-depressed market capitalization increased to $ 10.7 billion, making it the 11th largest cryptocurrency.
The PI rally stood out while most cryptocurrencies have undergone two-digit losses, while 24-hour liquidations increased by 477% to 1.57 billion dollars. The total market capitalization of cryptography decreased by 6%.
The biggest blue chip chips, such as Bitcoin (BTC), Ethereum (ETH), Solana (Sol), Cardano (ADA) and Tron (TRX), crushed more than 10% in the past 24 hours.
A key factor behind the pi climb seems to be speculation surrounding a list of binance to come. Binance, the largest crypto exchange in the world, conducts a survey on the opportunity to list PI, most of the users voting in favor.
A list of binances would be important, given the 200 million users of the platform worldwide. In addition to punctual trading, Binance can also introduce Pi on its long -term market.
Binance would join other major exchanges that have already listed the PI network, notably OKX, HTX, Bitget and Gate.io. A list on binance could put pressure on other level 1 exchanges such as Coinbase, Upbit and Kraken To offer it.
The price of PI Network also climbs before the next deadline for your customer’s grace period. The final phase of the grace period will end on February 28. After that, the pioneers will not be able to migrate the Pi mined parts in the past six months to the principal.
The price of the Pi network targets all high times
The time graph shows that PI was negotiated at $ 1.60 Tuesday, lining up with the upward trend line connecting the lowest oscillations since February 22. This diagonal support is part of an ascending triangle model, a popular bullish continuation signal.
The price of the PI network has also exceeded the mobile average of 25 periods, indicating that the bulls remain in control. An escape above the level of resistance of $ 1.67 would confirm the upward prospects and could potentially push the price to its summit of $ 2.20, marking an increase of 36% compared to the current levels.
