Pi Community’s native token PI continued to rally for the second consecutive day amid group hype forward of Pi Day.
In accordance with information from crypto.information, Pi Community (PI) rose to an intraday excessive of $1.79 on March 13, almost 42% above its lowest level this week. Its market cap was seated at a bit of over $12.2 billion, whereas its every day buying and selling quantity doubled over the day past, hovering over $930 million on the time of writing.
Though the crypto continues to be down over 42.5% from its all-time excessive of $2.99 in February, PI has not too long ago made an enormous leap in rankings.
Only a week in the past, it was ranked beneath 3,000 on CoinMarketCap, however now it has skyrocketed to eleventh place, surpassing main cryptos like Chainlink (LINK), Hedera (HBAR), and Stellar (XLM). Its circulating provide at the moment stands at over 7.13 billion tokens.
At present’s beneficial properties come only a day earlier than Pi Day on March 14, an enormous occasion for the PI ecosystem. Particularly, customers want to finish their KYC verification and migrate their tokens mined on the testnet to the mainnet by 8:00 AM UTC tomorrow. In the event that they don’t, they threat shedding the mined tokens.
Nevertheless, many customers are nonetheless combating KYC verification attributable to technical points, making it tough emigrate their PI cash to the mainnet.
In the meantime, the date additionally marks Pi Community’s sixth anniversary since its launch on March 14, 2019, together with its cell app and whitepaper.
One of many greatest occasions in Pi Community’s historical past was its huge airdrop on Feb. 20, 2025, alongside the launch of its Open Mainnet. After the launch, Pi Coin noticed main worth swings—spiking to $1.97, dropping to $0.737 the subsequent day, after which bouncing again to $1.29.
At its peak, the overall worth of Pi tokens distributed reached $13.8 billion. Thus far, 7.13 billion tokens have been distributed, and one other 188 million PI tokens are set to be unlocked this March, obtainable to over 1 million customers.
Regardless of the massive provide getting into circulation, the worth is unlikely to be affected since 63% of Pi tokens are locked for 3 years, and one other 14% are locked for one 12 months. This implies most unlocked tokens received’t hit the market instantly, serving to to maintain costs secure.
One of many key catalysts for the present rally to increase is concept round a possible Binance itemizing. In a February vote, over 87% of members supported including PI to Binance’s spot market, however Binance has but to reply, leaving its itemizing unsure.
In the meantime, PI is at the moment obtainable on main centralized exchanges like OKX, MEXC, Gate.io, and Bitget, amongst others.
PI worth evaluation
Technical indicators are in favor of a possible continuation of PI’s uptrend.
On the 4-hour USDT worth chart, PI has been buying and selling close to the higher Bollinger Band, which signifies robust shopping for stress fueling the bullish pattern.
With the Aroon Up at 78.57% and the Aroon Down at 0%. A excessive Aroon Up worth suggests frequent new highs, whereas the absence of Aroon Down indicators an absence of bearish affect.
With the Relative Power Index at 60, PI nonetheless has room for additional beneficial properties earlier than it hits overbought ranges. Nevertheless, as soon as it approaches this threshold, it might expertise a slight pullback earlier than doubtlessly persevering with its uptrend.
Therefore, PI is probably to proceed its rally towards the psychological resistance degree at $2, which beforehand acted as resistance on March 5. A break above this degree may propel the token increased, doubtlessly retesting its all-time excessive.
Market commentators have additionally made long-term bullish predictions for PI, anticipating it to achieve $4 and past within the coming weeks.
Others have speculated on much more bold targets, with one group member arguing that robust group backing may push the worth to $10.
Disclosure: This text doesn’t symbolize funding recommendation. The content material and supplies featured on this web page are for academic functions solely.
