Pi Network’s Price Doubled Since This Hype Announcement, What’s Next for PI?

PI is now the 19th-largest crypto currency by market cap after a spectacular rally.

Pi Network’s native token has stolen the show once again with a massive double-digit surge that has pushed it to a multi-week peak of $1.3.

This mindblowing rally of over 100% in the past several days transpired after a hype announcement from the Pi Core Team, which many anticipate to be a listing on the world’s largest exchange.

PI’s Rocket Moves

PI’s price went on a massive roll after that announcement. It surged to $1 yesterday and, after a brief hesitation, flew past that level decisively and continued its ascent to a multi-week peak of over $1.3 earlier today. On a daily scale, PI has soared by over 30%, while its gains since the hype statement are at almost 110%.

Pi Network’s token is the best performer on a weekly scale, which has made it the 19th-largest crypto currency by market cap. The spot volumes are on the rise as well, while Crypto TA King outlined the next resistance levels at $1.39, $1.69, and $2.

However, the popular channel with over 330,000 followers warned that this price rally could be a classic “buy the rumor, sell the news” event. PI has definitely fallen victim to such developments in the past.