Pi Network has emerged as the standout performer in an otherwise gloomy crypto market, surging over 5% in the last 24 hours while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) recorded significant losses ranging from 9% to 15%. The price of Pi Coin climbed to $1.73, reaching an intra-day high of $1.85, marking an impressive 11% gain over the past week. This bullish momentum has propelled Pi Network to the 11th spot among top crypto assets, surpassing Hedera (HBAR) despite the excitement surrounding the upcoming HBAR ETF.
Pi Network Overtakes Hedera Amid Market Selloff
Pi Network’s market capitalization has now reached $12.02 billion, outpacing Hedera’s $9.65 billion valuation. In contrast, HBAR has seen a 7% decline, currently trading at $0.2303. The drop in Hedera’s price comes despite the recent buzz around Grayscale’s 19b-4 filing with the U.S. Securities and Exchange Commission (SEC) for an HBAR ETF, which had initially driven investor optimism. However, the broader crypto market downturn appears to have overshadowed the ETF hype.
Binance Listing Speculation Fuels Pi Coin Surge
The latest rally in Pi Coin’s price has been largely driven by speculation surrounding a potential listing on Binance. The Pi Network community has been actively trending the hashtag #ListPiOnBinanceNow on social media, reflecting growing anticipation for the token’s inclusion on the world’s largest cryptocurrency exchange. A Binance listing could significantly boost Pi Coin’s liquidity and investor appeal, further fueling its upward trajectory.
Potential Strategic Reserve Status for Pi Network?
Adding to the excitement, discussions within the crypto community suggest that Pi Network could be considered for inclusion as a U.S. Strategic Reserve asset. Former U.S. President Donald Trump has reiterated his plans to make the U.S. a global crypto leader and has expressed interest in adding altcoins like XRP, SOL, and ADA to the country’s crypto reserves. If Pi Network is included in this initiative, it could trigger a major price rally.
Also Read: Pi Network (PI) Hits $3 ATH After 54% Surge – Is $4 Next or a Correction Coming?
With Pi Day approaching on March 14, market analysts anticipate key announcements or developments related to Pi Network. Crypto enthusiast Dr. Picoin has suggested that if Pi Coin successfully breaks past the $1.8 resistance level, it could surge beyond $2 in the coming days. As investor sentiment continues to build, all eyes remain on Pi Network’s next moves.
After retesting the $1.80 resistance level, Pi is turning bullish!
— Dr Picoin (@Dr_Picoin) March 4, 2025
Hoping to see Pi hit $2 by today or tomorrow! @nkokkalis @Chengdiao @PiCoreTeam pic.twitter.com/2qVlMG1hq4
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
