- Pi Coin’s price surged by 250%, reaching 11th by market cap, defying typical post-launch declines with strong adoption and interest.
- Analysts suggest a Binance listing could drive PI to $10, with 86% of community voters supporting the token’s exchange debut.
- Pi’s KYC deadline extended to March 14, 2025, ensuring more users can verify balances and migrate assets, enhancing network inclusivity.
Pi Network has surged in popularity, up to 11th place by market cap just weeks after its official launch. The digital asset has gained over 250%, defying expectations that new tokens often experience sharp declines. Analysts are now evaluating its future price movements, especially as speculation grows about potential exchange listings.
Pi Network’s Market Position and Recent Performance
At press time, Pi Coin (PI) was trading at $1.81, an 11.58% increase in the past 24 hours. The market cap is at $12.58 billion, a 13.23% rise. Trading volume, however, has declined by 34.39% to $820.33 million.
The circulating supply of PI is at 6.92 billion tokens, while the fully diluted valuation is at $181.95 billion, at the time of publication. Despite market fluctuations, Pi Network growth in the broader crypto market downturn is evident.
Crypto analyst Woody Lightyear noted that Pi Network had been downloaded over 113.2 million times on Google Play Store alone. This rapid adoption has led to optimism about its long term growth potential.
$Pi Network has been downloaded over 113.2 million times on Google Play Store alone. pic.twitter.com/5PnPsmqxSD
— Woody Lightyear 𝛑 (@WoodyLightyearx) March 3, 2025
Analysts Weigh In on Future Price Movements
Master Ananda, suggested that Pi Coin’s price could rise sharply if Binance confirms a listing. He stated,
A Binance listing would be a game-changer, similar to past token surges. A run to $10 is entirely possible.
An unofficial Binance community vote showed that 86% of respondents favored listing Pi Coin. However, Binance clarified that the poll does not guarantee a listing, though it has increased investor speculation.
Meanwhile, Kim H Wong pointed out that Pi Coin’s drop from $3 to $1.93 was due to weakness in the broader crypto market. He highlighted several factors that could drive Pi Coin’s recovery, including potential exchange listings, increased adoption, and expanding partnerships with online merchants and payment platforms.
$Pi coin dropped from $3 to $1.93 (near support level) due to weakness on Bitcoin and the overall crypto market. I just bought some $Pi waiting for it to rally on the triggers mentioned in the following quote twitted article.@PiCoreTeam #PiNetwork #PiNetwork2025 #OpenMainNet… https://t.co/WaeYS2LTl3 pic.twitter.com/P0P0amXwDU
— Kim H Wong (@Time_and_Trade) March 1, 2025
He also emphasized that growing recognition from influential crypto media and industry experts could further boost demand. Luke Belmar, an investor, expressed surprise at Pi Coin’s rapid growth, questioning its sudden emergence in the top ranks of digital assets.
Price Trends, Market Sentiment, and Predictions
Pi Coin’s price has had sharp movements, with high volatility in recent days. Data from Santiment shows that the asset peaked at $2.94 before pulling back.
Moving averages indicate a short term uptrend, with the 7 day moving average at $1.73, slightly below the current price. However, the 30 day moving average is higher, indicating a prior strong rally followed by consolidation.
Trading volume surged to over 3.5 billion during the price spike from February 25 to February 27. However, current volume levels have declined to 864.86 million, indicating reduced investor activity. Renewed volume spikes could lead to another rally.
If Pi Coin surpasses the $2 resistance level, it could retest $2.36, with a potential rise to $2.65–$2.94 if buying pressure intensifies. On the downside, if PI falls below $1.70, it may test support at $1.50. A further decline to $1.20 is possible if market sentiment weakens.
Beyond price action, Pi Network recently extended its Know Your Customer (KYC) verification and mainnet migration deadline. The new deadline is set for March 14, 2025, aligning with the project’s sixth anniversary. This move provides additional time for users to verify balances and migrate assets, supporting the network’s emphasis on inclusivity.
