Best Crypto? PI Coin Jumps 293% In 6 Days, Outperforms BTC, DOGE; Listing On Binance To Push Pi At New High?

Pi Coin of PI Network has witnessed a tremendous surge in the past 24 hours, outperforming crypto giants like Bitcoin, Ethereum and even Elon Musk-backed Dogecoin. Key reasons for the skyrocketing performance in PI Coin can be attributed to its new Open Network launch and the possibility of listing on Binance which has investors hooked and bullish. Since its launch on February 20, Pi Coin has shot up by a massive 293%. Its volumes and market capitalisation have zoomed as well.

Currently, Pi Coin traded at $2.62 on CoinMarketCap, climbing by a whopping 65.62%. It clocked a new all-time high on February 26. The new crypto's market cap is around $15.91 billion, while its volumes have spiked nearly 170% to $1.66 billion.

Since its all-time low of $0.6152 that was recorded during the day of launch, February 20, Pi Coin zoomed by 292.8% on CoinMarketCap as of now. Pi is currently the second most trending on the exchange.

That being said, Pi Coin outperformed Bitcoin, Ethereum, XRP, Solana, USDC, and Dogecoin which have plunged by 9% to 20% in a seven-day span.

PI Open Network:

The company launched Open Network on February 19. As per the main statement, this means that external connectivity of the Pi Network is now available for the Pi Community around the world. Open Network has unlocked Pi's thriving ecosystem, innovative applications, and extensive peer-to-peer network for integration with the broader blockchain world. Open Network was key to Pi's mission-to create an inclusive, utility-driven, and widely adopted cryptocurrency that is accessible to anyone.

Open Network also brings support for integrations with centralized exchanges (CEXs) and onramps to provide additional means of acquiring Pi for use in the Pi ecosystem, and more third-party services, along with Node updates and more!, it said.

However, Pi Network faced backlash over its market cap surge and alleged pyramid scheme.

Bybit CEO Ben Zhou through his X handler revealed a policy warning of PI Coin from Chinese policy back in 2023, warning to the public that "it's a scam targeted towards elderly folks.... which leaks their personal data and loss of their pension. There are multiple other reports out there questioning the project's legitimacy."

Pi has denied the allegations.

PI Coin Binance Listing:

On the Binance website, the crypto community is invited to vote for whether Pi Network ($PI) should be listed on Binance - the world's leading cryptocurrency exchange.

Why is it important? As per the main voting page, a Binance listing is expected to potentially boost Pi's adoption, liquidity, and price. More traders will have access to buy, sell, and trade Pi Coin globally. It's a major step toward mainstream recognition of Pi Network.

According to CoinMarketCap, Pi Network is a social cryptocurrency, developer platform, and ecosystem designed for widespread accessibility and real-world utility. It enables users to mine and transact Pi using a mobile-friendly interface while supporting applications built within its blockchain ecosystem Supply Model and Mining Mechanism Pi Network follows a negative exponential declining token issuance model, where mining rates decrease over time based on time and network growth and participation. Ecosystem and Adoption Pi Network has built an integrated ecosystem that facilitates real-world transactions and decentralized applications. Pi can be used as a medium of exchange for goods and services, including online commerce and local brick-and-mortar businesses.