Pi Coin Climbs 5% to Become 11th Largest Cryptocurrency
Despite a general downturn in the cryptocurrency market, Pi Coin has increased by 5%, positioning itself as the 11th largest cryptocurrency by market cap, surpassing Hedera.
Market Overview
- Overall market is experiencing volatility with many tokens, including Bitcoin and Ethereum, losing between 9% and 15% of their value.
- Pi Coin's price reached a high of $1.85 but currently stands at $1.73, reflecting a 0.21% increase over the last 24 hours.
- The weekly performance shows an 11.11% rise, bringing its market cap to $12.02 billion.
- Hedera's market cap has decreased to $9.65 billion, following a 7% drop.
Factors Behind Pi Coin's Growth
- Speculation surrounding a potential Binance listing is driving interest, fueled by community support and trending hashtags.
- The extension of KYC and mainnet migration deadlines has contributed to its resilience.
- Discussions about Pi Coin possibly being included in the US Crypto Reserve have emerged.
- Upcoming announcements on Pi Day (March 14) could influence future price movements.
Investors are closely monitoring Pi Coin's performance for potential trends or corrections.