The price of the Pi Network is increasing by 30% daily, adding to a total increase of over 100% in the past month.
The price of Pi Network’s original cryptocurrency, PI, has exploded by more than 30% in the last 24 hours. This makes it the best performer among the top 100 coins by 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 Crypto potato report yesterday, one of the leading cryptocurrency exchanges in the United States, Kraken, announced that it will list PI. According to the statement, trading should begin today, March 13.
At the time of writing, the business has yet to launch, but anticipation is building. The latest move also comes after a 175% increase in 24-hour trading volume, indicating increased investor interest.
Pi Network’s price increase also puts its total market capitalization at about $2.8 billion, making it the 36th largest project by that metric, though its full value is more than $4.3 billion.
What’s next?
It will be interesting to see if the recent rally can be sustained given the uncertainty in the crypto markets and more broadly. However, it is worth noting that the price of PI has done really well in the last month despite the ongoing turmoil.
The cryptocurrency is up 73.5% in the past 14 days, adding to a combined gain of over 112% in the past month alone.
This is before March 14th – a date that is mostly celebrated as Pi Day in the community. Although the celebration is broader and usually associated with a number (not a project), it has become something of a tradition.
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