The PI network remained stable on Tuesday, with an increase in market risk beats by selling a broad cryptocurrency.
The PI Network (PI), which launched its mannet last week, increased to more than 158% from its lowest point on Friday to $ 1.60. According to Coinmarketcap, its self-reported market capitalization increased to $ 10.7 billion, making it the 11th largest cryptocurrency.
The PI rally stood out as most cryptocurrency faced a loss of double digits, while a 24-hour liquidation increased by 477% to $ 1.57 billion. The total crypto market cap declined by 6%.
The largest blue-chip tokens such as bitcoin (BTC), atherium (ath), solan (Sol), Cardano (ADA), and Tron (TRX) have crashed more than 10% in the last 24 hours.
A major factor behind the rise of the PI seems to be speculation around the upcoming connance listing. Binance, the world’s largest crypto exchange, is conducting a survey to list the PI, with most users vote on the side.
Given 200 million users of platforms worldwide, a bennens listing would be important. Apart from spot trading, Binance PI can also introduce PI in its futures market.
Binance will join other major exchanges who have already listed PI networks including Okx, HTX, Bitget, and Gate.io. A list on binance can put pressure on other Tier -1 exchanges such as coinbase, upbit and crackon To present it.
The price of the PI network is also moving beyond the time limit of its customer ex -gratia period to find out the next. The final phase of the Grace period will end on 28 February. After that, Pioneers will be able to migrate mined PI coins in the mennet in the last six months only.
Pie Network Price All Time High Target
The hourly chart suggests that the PI was trading at $ 1.60 on Tuesday, aligning the lowest swings since 22 February with the ascending trendline. This diagonal support is part of a ascending triangle pattern, a popular rapid continuity signal.
The price of the PI network has also gone above the 25-period moving average, indicating that bulls are under control. A breakout above $ 1.67 resistance level will confirm a fast approach and potentially push the value towards its all -time high of $ 2.20, leading to an increase of 36% from the current levels.
