Pi Network, which was once considered an experimental project in the crypto world, recently recorded a significant surge in market capitalization. On March 4, 2025, Pi Coin, the digital currency associated with Pi Network, experienced an increase of more than 5%, reaching a price of $1.73 per coin, with a peak even reaching $1.85 in less than 24 hours. This increase has brought Pi Coin's market capitalization to exceed $12.02 billion, placing it in 11th position among the largest crypto assets. Pi Network has now managed to surpass Hedera, one of the major blockchains that has long been a main competitor, and this is a significant achievement in the project's journey.

Price Increase of Pi Coin and Market Capitalization

Pi Network is starting to gain greater attention among investors and crypto market observers. This recent development has made Pi Coin one of the most talked-about crypto assets. At its peak, the price of Pi Coin briefly surpassed $1.80, showing a sharp surge in a relatively short time. This significant price increase was also accompanied by a substantial spike in trading volume, indicating a strong interest from traders and investors.

Pi Coin is now positioned higher than Hedera (HBAR), which has long been considered one of the main competitors in the crypto ecosystem. This achievement is quite surprising, given that Pi Network is still in the development stage and has not yet been fully launched to the public. Although Pi Network is not yet listed on major crypto exchanges like Binance or Coinbase, this rise indicates that the market is increasingly confident in the long-term potential of Pi Coin.

The Future Potential of Pi Network

Recent developments in Pi Network show significant potential in this project. One factor supporting optimism about Pi Coin is the large and solid community that Pi Network has. This community has grown rapidly since the early launch of Pi Network in 2019, with over 45 million active users worldwide. This number reflects the substantial network that Pi Network has built, even though this project has not yet been fully traded on major crypto exchanges.

The Pi Network community has actively supported the development and adoption of Pi Coin, including using the hashtag #ListPiOnBinanceNow which supports the possibility of Pi Coin being listed on Binance, one of the largest crypto exchanges in the world. If Pi Coin is eventually listed on Binance, it will certainly enhance its liquidity and credibility, which in turn will attract more investors and users. With more exchanges and adoption occurring, Pi Coin can further solidify its position as a major crypto asset in the future.

Additionally, there is speculation that Pi Coin could become part of the global financial system in the future. Some analyses reveal that Pi Coin could become a strategic reserve asset, possibly even being adopted by countries as part of their foreign exchange reserves. This adds to the belief of many that Pi Network has great potential to further develop and achieve wider adoption in the long term.

What Makes Pi Network Different?

One of the main factors that distinguish Pi Network from many other crypto projects is its distribution method and how it works. Pi Network uses a "mining" model that is very different from most other blockchains. Unlike Bitcoin and Ethereum, which use Proof of Work (PoW) algorithms that require high computational power, Pi Network uses a consensus based on "Proof of Stake" (PoS) that allows users to mine coins using their smartphones. This provides a significant advantage for users who do not have advanced hardware or do not want to incur high costs to participate in the mining process.

Moreover, Pi Network is designed to be more user-friendly and accessible to anyone. Pi Network also has a mission to create a fair and decentralized ecosystem, with the main goal of facilitating access to the crypto world for more people, especially those who have not been reached by traditional financial systems.

Challenges Facing Pi Network

Despite showing great potential, Pi Network still faces several challenges that need to be addressed. One of them is the sustainability and price stability of Pi Coin. As a relatively new project, Pi Network needs to demonstrate that the price of Pi Coin can not only increase temporarily but can also be maintained in the long term.

Furthermore, although there is a large community, Pi Network must prove that it can continue to develop its technology and infrastructure to compete with other major crypto projects. Success in introducing Pi Coin to major crypto exchanges and increasing its adoption among users will also be a key factor in determining the future of Pi Network.

Conclusion

Pi Network has shown significant progress with the surge in the price of Pi Coin and its market capitalization that has surpassed Hedera. This project has great potential to become a major player in the crypto world, especially with the support of a large community and an innovative distribution model. However, significant challenges remain, and only time will tell whether Pi Network can continue to grow and solidify its position in the global crypto market.

More about Pi Network: https://www.binance.com/en/price/pinetwork