1. Pi becomes the largest cryptocurrency ranked 12th
The Pi Network ($PI) has surpassed Hedera (HBAR) and Stellar (XLM) and Shiba Inu (SHIB) in market cap.
With a market cap exceeding $11 billion, it has surpassed Wrapped Bitcoin (WBTC) to become the largest cryptocurrency ranked 12th.
2. Strong market performance
$PI has risen by 15% in the last 24 hours, approaching $1.60.
The broader cryptocurrency market is also seeing a recovery, with Bitcoin (BTC) exceeding $82,000 before stabilizing slightly lower.
Other leading cryptocurrencies, including Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE), are also experiencing gains.
3. Pi Day (March 14) forecast
The upcoming Pi Day (March 14) is an important event for the Pi Network community.
Refers to the KYC identity verification deadline and mainnet migration.
The project will also celebrate its sixth anniversary, which adds to the excitement.
4. Speculation on Binance listing
Some industry participants speculate that Binance may list $PI on March 14.
Last month, Binance conducted a community vote, with 86% voting in favor of listing $PI.
However, Binance has yet to make an official announcement.
5. Broader recovery of the cryptocurrency market
$PI's price increase aligns with a broader recovery in the cryptocurrency market.
Recently, Bitcoin reached $83,000 before stabilizing around $82,000.
Cryptocurrencies such as Ethereum (ETH), Ripple (XRP), and Dogecoin (DOGE) have also recorded significant gains.
Conclusion
The price increase of the Pi Network is driven by its growing market dominance, the upcoming Pi Day, and speculation about a potential listing on Binance. With the broader recovery of the cryptocurrency market, $PI remains one of the top-performing assets today.
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