Pi Network Overtakes HBAR, Now Ranked 11th on CoinMarketCap

Bittime - In a surprising development in the world of digital assets, Pi Network has managed to overtake Hedera (HBAR) from 11th place based on market capitalization. 

While most digital assets have experienced a correction, Pi Network has actually increased by 5%, attracting the attention of the global crypto community.

Pi Network's market capitalization (pi network market cap) continues to grow, reaching $12.02 billion. This makes it one of the most talked about projects in the crypto industry today. This performance further strengthens Pi Network's position among other major digital assets.

Market Movements and Their Impact

Since last weekend, the crypto market has experienced high volatility with many digital assets experiencing significant declines. 

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) experienced sharp corrections of between 9% and 15%. Hedera (HBAR), previously ranked 11th, fell by as much as 7%, bringing its market capitalization down to $9.65 billion.

Read also: Pi Network Launches on Mainnet: How High Will the Price of PI Coins Be?

However, Pi Network has managed to show remarkable resilience amid this bearish trend. The increase in the price of Pi Coin in a short period of time indicates the growing market interest in this digital asset. 

This phenomenon also makes the role of the community in supporting the growth of Pi Network even clearer.

Driving Factors for the Rise of Pi Network

One of the main factors behind the surge in Pi Network's price and market capitalization is speculation about a possible listing on Binance. 

Since Binance held a poll on the potential listing of Pi Coin, the Pi Network community has been increasingly active in encouraging the exchange to immediately include this digital asset on their platform.

Hashtags such as “#ListPiOnBinanceNow” are trending on social media, showing the community's great enthusiasm. If Binance does list Pi Coin, this will be a big step that could significantly increase the demand and value of this digital asset.

In addition, the Pi Network recently extended the KYC and mainnet migration deadlines, giving more users the opportunity to join its ecosystem. This decision helps increase investor confidence and expand the Pi Coin user network.

Read also: Pi Network Price Prediction According to Experts, How Much Can It Break Through?

Future Prospects of Pi Network

With continued growth, Pi Network (pi network coin) is a digital asset worth noting. Some analysts predict that Pi Coin still has the potential for further increase, especially ahead of the Pi Day celebration on March 14.

Market observers predict that if Pi Coin is able to break through the $1.80 resistance level, then this asset can reach $2 again in the near future. 

This momentum is further strengthened by the discussion that has arisen regarding the possibility of Pi Coin being included in the US Crypto Reserve in the future.

While some skepticism still surrounds this project, it is undeniable that Pi Network has proven itself as a major player in the world of digital assets. With strong community support and the possibility of listing on major exchanges, the future of the Pi Network looks increasingly bright.

Conclusion

The Pi Network continues to make remarkable achievements, successfully displacing Hedera (HBAR) from 11th place on CoinMarketCap. The increase in market capitalization and the price of Pi Coin show that this digital asset has strong appeal in the market.

With various speculations emerging, including the possibility of listing on Binance, Pi Network remains one of the most interesting projects in the crypto world today. 

For investors and digital asset enthusiasts, following the development of Pi Network can be a wise step to understand the dynamics of the ever-evolving crypto market.

FAQ

What caused the increase in Pi Network's market capitalization?

The increase in Pi Network's market capitalization is influenced by increased speculation regarding a possible listing on Binance and the extension of the KYC and mainnet migration deadlines which increase user participation.

Is Pi Network officially listed on major exchanges like Binance?

Currently, Pi Network is not listed on Binance, but the community is actively pushing for a listing through a social media campaign with the hashtag #ListPiOnBinanceNow.

What is the latest price of Pi Coin and what are the prospects?

The price of Pi Coin has increased significantly, and analysts predict that if it can break through the $1.80 resistance level, its value could reach $2 in the near future.

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Reference

coinspeaker.com, Pi Network Surges Past Hedera amid Market Slump, accessed March 5, 2025.

Author: AWW