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# Pi Network’s Value Climbs, Targeting New Peaks, Outshining Bitcoin and Other Digital Currencies
Pi Network showcased strength on Tuesday, enduring the wider digital currency market downturn amidst heightened market vulnerability.
Subsequent to the debut of its mainnet last week, Pi Network (PI) skyrocketed to $1.60, signifying a surge exceeding 158% from its Friday trough. As per CoinMarketCap, its self-reported market value escalated to $10.7 billion, ranking it as the 11th largest digital currency.
Pi’s ascent is especially notable as most digital currencies incurred double-digit losses, with 24-hour liquidations surging 477% to $1.57 billion. The overall digital currency market capitalization declined by 6%.
Principal blue-chip tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX) plummeted by over 10% in the preceding 24 hours.
A crucial element fueling Pi’s surge seems to be conjecture surrounding a possible Binance listing. Binance, the world’s largest digital currency exchange, is conducting a survey on whether to list Pi, with a majority of users voting affirmatively.
A Binance listing would be consequential, given the exchange’s global reach of 200 million users. Beyond spot trading, Binance could also introduce Pi to its futures market.
Binance would join other prominent exchanges that already list Pi Network, encompassing OKX, HTX, Bitget, and Gate.io. A Binance listing might compel other tier-one exchanges like Coinbase, Upbit, and Kraken to offer it as well.
Pi Network’s price is also escalating in anticipation of the impending “Know Your Customer” (KYC) grace period cutoff. The concluding phase of the grace period concludes on February 28th. Following this date, pioneers will only be able to transfer Pi coins mined in the past six months to the mainnet. Toncoin (TON) Value Forecast for March 26th
The hourly chart illustrates Pi trading at $1.60 on Tuesday, coinciding with an ascending trendline linking the lowest volatility since February 22nd. This diagonal support constitutes part of an ascending triangle pattern, a prevalent bullish continuation signal.
The male bovines are yet in management, as obvious by Pi coin’s value smashing through the 25-cycle stirring medium. An interruption above the $1.67 resistance would confirm the optimistic perspective and possibly force the value near the unsurpassed peak of $2.20, constituting a 36% growth from the present value.
