Pi Network’s native token PI continued to rally for the second consecutive day amid community hype ahead of Pi Day.
Pi Network reached an intraday high of $1.79 on March 13, which is nearly 42% higher than its lowest point this week. Its daily trading volume had doubled over the previous day, and it was hovering over $930 million at the time of this writing.
Its market cap was sitting at a little over $12.2 billion at the time of this writing. PI has recently made a significant leap in rankings, despite the fact that the cryptocurrency has seen a decline of more than 42.5% since reaching its all-time high of $2.99 in February.
It was ranked below 3,000 on CoinMarketCap no more than a week ago, but today it has risen to 11th position, surpassing prominent cryptocurrencies such as Chainlink (LINK), Hedera (HBAR), and Stellar (XLM).
There are already over 7.13 billion tokens in circulation, and they are in circulation. Pi Day is a significant event for the PI ecosystem, and today’s gains come only one day before Pi Day, which is on March 14. To be more specific, you have until tomorrow at 8:00 AM UTC to finish your Know Your Customer verification and move any tokens that you mined on the testnet to the mainnet.
They run the danger of losing the tokens that they mined if they do not. On the other hand, a significant number of users are still having trouble with KYC verification as a result of technical issues, which makes it difficult for them to get their PI coins onto the mainnet.
Not only does this date mark the anniversary of Pi Network’s launch on March 14, 2019, but it also marks the anniversary of the launch of its mobile app and whitepaper! Alongside the opening of its Open Mainnet on February 20, 2025, Pi Network held a major airdrop, which is considered to be one of the most significant events in the company’s history.
Following the debut, the price of Pi Coin had significant fluctuations, including a spike to $1.97, a dip to $0.737 the following day, and a subsequent rebound to $1.29. Pi tokens had a total value of $13.8 billion when they reached their highest point in distribution.
A total of 7.13 billion tokens have been released up to this point, and an additional 188 million PI tokens are scheduled to be unlocked in March, making them accessible to more than one million people.
Due to the fact that 63% of Pi tokens are frozen for three years and another 14% are locked for one year, it is highly unlikely that the price will be affected by the enormous quantity that is entering circulation. This ensures that the majority of unlocked tokens will not flood the market immediately, which helps to maintain price stability.
One of the primary triggers for the current rise to extend is speculation regarding a prospective Binance listing. In a February poll, over 87% of participants favored bringing PI to Binance’s spot market, but Binance has yet to respond, leaving its listing questionable.
Meanwhile, PI is currently available on large centralized exchanges such as OKX, MEXC, Gate.io, and Bitget, among others. The primary indicator (PI) has been trading close to the upper Bollinger Band on the four-hour USDT price chart, which shows that there is strong purchasing pressure that is powering the bullish trend.
PI price analysis
With the Aroon Up at 78.57% and the Aroon Down at 0%, the Aroon is rising. If the Aroon Up value is large, it indicates that there are numerous new highs, whilst the absence of the Aroon Down value indicates that there is no bearish influence.
Despite the fact that the Relative Strength Index is currently above 60, there is still room for additional advances until it reaches levels of overboughtness. On the other hand, once it gets closer to this mark, it can go through a brief retreat before perhaps continuing its upward trajectory.
The psychological resistance level at $2, which had previously served as resistance on March 5, is therefore the most likely target for the continuation of the rally that PI is currently experiencing. If the token is able to break through this level, it has the potential to go further higher, possibly reaching its all-time high.
Commentators on the market have also made long-term positive predictions for PI, predicting that it will hit $4 and beyond in the coming weeks. Others have speculated on even more ambitious aims, with one member of the community saying that strong community support may push the price to ten dollars.
