Pi Network achieves a historic leap: the currency surpasses $2.99 amid increasing trading and expectations of its listing on Binance

- The Pi Network currency (PI) has recorded an unprecedented increase of 80% over the past 24 hours, reaching a price of $2.99, thus achieving its highest level ever. This strong rise comes at a time when digital markets have seen a general decline, with the price of Bitcoin dropping below $85,000.

This increase is attributed to a massive surge in the daily trading volume of the currency, which exceeded $3.2 billion, indicating intensive investment activity at this time. Technically, indicators show a neutral state with a slight bias towards an upward trend, as the price moves near the Exponential Moving Average (9-EMA), while the Relative Strength Index (RSI) remains at 55.60, reflecting moderate momentum without reaching overbought or oversold areas.

Despite these strong results, the Pi Network remains a subject of widespread controversy, as some circles accuse it of being an unreliable pyramid scheme, while the circulating supply of the currency faces challenges in independent verification. These issues have led to its exclusion from official rankings on platforms like CoinMarketCap and CoinGecko, despite the Pi Network announcing a market valuation exceeding $17.5 billion.

The results of the voting launched by Binance regarding the PI currency are approaching, with the announcement of the result expected on February 27.