Pi Network Surges as Investors Eye Potential Binance Listing

The Pi Network is making waves in the crypto market, outperforming major cryptocurrencies like Bitcoin and Ethereum. Earlier this week, Techstoriex reported that the price of the Pi coin dropped immediately after launch, which was against many miners’ expectations. However, Pi’s price soared to $1.60, marking an impressive 158% jump from its recent low. CoinMarketCap data shows Pi’s self-reported market capitalization now stands at $10.7 billion, placing it among the top 15 cryptocurrencies.

Pi Defies Market Downtrend

While Pi Network continues its rally, the broader crypto market is experiencing a downturn. In the past 24 hours, flagship cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX) have all suffered double-digit declines. The overall crypto market capitalisation has slipped by 6%, and liquidations have surged by 477% to $1.57 billion.

Despite the bearish trend, Pi has maintained its bullish momentum. The driving force behind this surge appears to be growing speculation about a possible listing on Binance, the world’s largest cryptocurrency exchange. Binance has been running a poll to gauge user interest in Pi, with the majority voting in favour of its inclusion.

Binance Listing Could Be a Game-Changer

A Binance listing would be a major milestone for Pi Network, exposing it to the platform’s 200 million users. Beyond spot trading, Binance’s futures market could also incorporate Pi, potentially driving further price appreciation.

Pi has already been listed on several major exchanges, including OKX, HTX, Bitget, and Gate.io. A Binance debut could prompt other leading platforms such as Coinbase, Upbit, and Kraken to follow suit, significantly boosting Pi’s liquidity and adoption.

KYC Deadline Adds Momentum

Another factor fuelling Pi’s rise is the looming Know Your Customer (KYC) grace period deadline. Set to conclude on February 28, this deadline will impact pioneers, allowing them to migrate only Pi coins mined within the past six months to the mainnet. This urgency has likely contributed to increased trading activity and heightened investor interest.

Technical Indicators Signal Further Gains

Technical analysis suggests Pi’s rally may not be over yet. The cryptocurrency has been trading within an ascending triangle pattern, a classic bullish continuation signal. Additionally, Pi remains above the 25-period moving average, indicating strong bullish control. A breakout past the $1.67 resistance level could pave the way for a surge toward its all-time high of $2.20—a potential 36% increase from current levels.

As Pi Network continues to gain traction, all eyes are on Binance and the upcoming KYC deadline. Will these catalysts push Pi to new heights? Investors are watching closely.