While the cryptos market is going through an area of turbulence, an unexpected active ingredient attracts all eyes. In a climate marked by generalized losses, Pi Network has just dethroned Hedera (Hbar) in market capitalization, and climbs in 11th Place of the Crypto ranking. This reversal causes questions, both on the engines of this ascent and on the sustainability of the phenomenon. In full rout of the giants like Bitcoin, Ethereum and Solana, how does Pi Coin manage to display gains?
A surge against all expectations
For several days, the Crypto market has been in free fall. Bitcoin, Ethereum and Solana accuse losses that go up to 15 %, which illustrates the reluctance of investors in the face of an uncertain situation. However, in this chaos, Pi Network displays unprecedented resilience. In just 24 hours, the asset jumped 5 %, or $ 1.85 before returning to $ 1.73. However, it retains a weekly increase of 11.11 %. This movement propels the capitalization of PI Network to 12.02 billion dollars, which thus surpasses Hedera ($ 9.65 billion).
Such tilting comes as Hedera still benefited from a craze around a potential rating in ETF. This announcement which, although having briefly stimulated the hbar course, was not enough to stop the correction of 7 % suffered by the assets. The dynamics observed on PI Networkon the other hand, intrigue by its singularity, in particular in the face of a generalized lower context.
The engines hidden behind the ascent of Pi Network
If Pi Network manages to stand out, several factors explain this meteoric rise. One of the triggers is intense speculation around a potential rating on Binance. Since a survey by the platform has mentioned this possibility, the community has mobilized via the hashtag “#ListpionbinanceNow”, which amplifies the interest of investors. A rating on exchange could strengthen the legitimacy and liquidity of the assets, which would be enough to maintain an upward dynamic.
In addition, another catalyst lies in the extension of the KYC verification process and migration to the Mainnet, two initiatives supposed to strengthen the adoption of the network. In parallel, some speculations even evoke the inclusion of PI Network in an American strategic reserve, in a context where the Trump administration has an increasingly pro-Crypto posture. These rumors, although not confirmed, participate in maintaining optimism around the assets.
Network Pi trajectory triggers as many hopes as doubts. As the PI Day approaches on March 14, some anticipate key announcements likely to extend this upward dynamic. Analysts are currently observing a test of the resistance of $ 1.80, a critical threshold which could, if crossed, propel Pi Network beyond the $ 2. However, this ascent remains fragile. Without concrete catalyst, the risk of a sudden withdrawal remains, especially if Binance does not confirm the rating or if the global market continues to contract. It remains to be seen if Pi Network will be able to establish itself as a solid asset or if it will only be a speculative spark in a crisis market.
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