Pi Network Price Surges Amid Exchange Listings and Market Sentiment

The price of Pi Network's crypto has seen a remarkable increase this week, rising to a peak of $3 on Wednesday, marking nearly a 400% jump from last week's low of $0.60.

This surge has propelled the self-reported market capitalization of Pi Network to over $16.3 billion, positioning it among the top-performing cryptocurrencies during a week characterized by declines in many other digital assets.

Recent trading activity indicates a significant portion is happening on OKX, one of the largest cryptocurrency exchanges that has already listed Pi, alongside other platforms like HTX, Bitget, MEXC, and Gate.io. The anticipation surrounding a potential listing on Binance has further fueled interest in the Pi coin, as a poll conducted by Binance has attracted millions of votes, with a majority showing support for its inclusion.

Market analysts suggest that a Binance listing could lead to further listings on other major exchanges such as Coinbase and Upbit.

Coinbase would provide access to U.S. clients, while Upbit would connect the coin to South Korean traders. This potential expansion into new markets could significantly impact Pi Network's visibility and trading volume.

Despite facing skepticism in the past, particularly during its enclosed mainnet phase since 2021, the network’s recent developments have helped bolster perceptions of legitimacy. Successful migrations of tokens to the mainnet have alleviated concerns regarding the network’s credibility.

Technical analysis of the Pi coin shows a bullish pennant pattern forming, suggesting the possibility of continued upward momentum.

Following its recent lows, the token has demonstrated a break-and-retest pattern, with analysts predicting potential price targets of $3.14 and even $5 as more exchanges begin to support it.