The PI price is currently traded only 10 %below the highest level of all time. This rise shows that Pi Network attracted great interest by investors as the decline tendency continues throughout the crypto market.

According to Kripto.News data, the price of Pi Network increased by 22 %in the last 24 hours and reached $ 1.90. While the daily transaction volume exceeds $ 700 million, the current price is only 10 %below the highest level of $ 2,10, which was recorded during the launch on February 20.

This strong rise took place at a time when the total crypto market value fell by 2 %and many Altcoins lost in the last 24 hours. There have been losses throughout the market recently, but Pi Network continues to rise without affecting this negative trend.

From a technical point of view, the price of Pi Network shows a strong rise momentum on the 1 -hour graph. The price is quite above the 25 -period mobile average (EMA) at $ 1.64. Technical indicators show that the procurement pressure increases and the rise tendency may continue.

Prior to this rise, the Pi Network price followed a horizontal course between $ 1,50 and $ 1.70 from February 26 to the beginning of February 26th. In this process, 25 EMA acted as a dynamic support and prepared the ground for the upward fracture of the price. The upward refraction of $ 1.70 level triggered a strong rise by supporting the increasing volume of transaction.

If the current rise continues, the next strong resistance level is around $ 2.00. If the price exceeds this level, it may be possible to re -reach the highest level of $ 2,10.

However, in order to maintain the rise, the price should remain above $ 1.70 and the volume of the transaction must be strong. In a possible retreat, the levels of $ 1.64 (25 EMA) and $ 1.50 should be monitored as critical support points.

Pi Network’s own market value is currently exceeding $ 12 billion and put it in the 15 largest crypto assets in terms of market value. However, the lack of independent verification for this market value creates question marks among investors. CoinMarketcap and Coingecko have not listed Pi Network’s ranking data.

In addition to uncertainties about Pi Network’s market value, the project was accused of being a pyramid scheme in the past. Ben Zhou, CEO of Bybit, described the project as a fraud attempt targeting especially elderly investors.

Zhou’s statements have started more discussion on Pi Network’s allegations of decentralization and the long -term sustainability of the market model.

Binance’s possibility of listing the Pi Network has created great excitement in the community, but also brought some concerns. Binance has recently launched a community vote for the Listing of PI Token, and according to the results updated as of February 22, 86 %of the participants supported the list of Pi Network. However, despite the result of this vote, Binance has not yet decided to list a final list.

The listing of Pi Network has led to controversy in the sector. Colin Wu, the founder of Wu Blockchain, argued that Binance’s efforts to increase user registration and platform traffic could risk its reliability and security by listing controversial projects such as Pi Network.

If Binance lists Pi Network, it is a matter of curiosity.

Binance’s community voting process will end on February 27 at 23:59 (UTC). If PI is listed in Token Binance, this may cause a major fluctuation in the Pi network price.

In particular, being listed in a large stock market like Binance can increase the adoption of Pi Network and have a positive effect on the price. However, it will be closely monitored whether this listing will lead to a speculative purchase wave.