Pi Network’s PI Surges Over 30% Ahead of Kraken Listing
- PI, the native crypto asset of the Pi Network, increased over 30% to $0.29 in anticipation of its trading debut on Kraken.
- The market capitalization of PI rose to $2.7 billion, surpassing established altcoins like Uniswap’s UNI and Polkadot’s DOT.
- Trading is set to begin on March 13 at 15:00 UTC, with deposits already enabled on Kraken.
- Volume surged by more than 130% in the last 24 hours, reaching $144 million.
- The Pi Network was launched in 2019 by Stanford graduates Dr. Nicolas Kokkalis and Dr. Chengdiao Fan.
Trading Analysis
Trading Signal: BULLISH (Score: +8)
The upcoming Kraken listing and significant price increase indicate strong market interest.
Price Levels:
Current: $0.29
Support: Not specified | Resistance: Not specified
24h/Recent Range: $0.22 – $0.29
Technical Indicators:
Volume: +130% above average
Catalysts & Timeline:
• Near-term: Trading starts March 13 at Kraken
Risk Assessment:
• Potential volatility around the initial trading period on Kraken
The Pi Network’s PI token saw a significant rise in value ahead of its listing on Kraken, reflecting strong market enthusiasm and positioning it among top altcoins like Uniswap’s UNI and Polkadot’s DOT.
Source (3.2)https://cryptobriefing.com/pi-token-kraken-listing-impact/?rand=59535
