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The price of PI Network Coin (PI) has surged by 20.67% in the last 24 hours, reaching $1.719 and surpassing the critical resistance level of $1.7. Increased trading volume and the upcoming KYC verification for the Mainnet transition are attracting investor interest. The potential listing on major exchanges like Binance further amplifies market optimism. Experts suggest that if the current trend continues, PI could test the $2 mark in the short term.
Price Increase and Market Dynamics of PI Coin
PI Coin experienced one of its highest volume days recently. According to CoinMarketCap data, the cryptocurrency‘s price rose to $1.719, while the 24-hour trading volume increased by over 120%. This volatility is considered a significant breakthrough in technical analysis, particularly as the price exceeded the $1.7 level, indicating that buyers have gained control.
The overall upward trend in the market supports PI Coin’s performance. However, analysts caution that the looming March 14 KYC deadline is drawing investor attention. Users who fail to complete the verification process risk losing access to their balances, which is seen as a key driver of short-term demand. This situation could potentially increase volatility in price movements.
KYC Process and Listing Expectations
The PI Network team has urged users to complete their KYC verifications. The official announcement stated that balances on unverified accounts could become “inaccessible.” It emphasized the critical nature of this process for the Mainnet transition, while investors are observed to be accelerating their transactions.
In a community poll conducted on Binance, 87.1% of participants expressed support for the listing of PI Coin. Although an official confirmation is still pending, this development is increasing buying pressure in the market. If the listing occurs, it is anticipated that PI Coin’s liquidity and accessibility will significantly rise, with long-term projections discussing levels of $5 and above.
