The price of the cryptocurrency Pi Network (PI) has seen a significant rise, climbing to $1.27, a 50% increase in a single day. This rapid growth has allowed Pi Network to surpass the market capitalization of Litecoin and Bitcoin Cash, moving it to the 18th largest cryptocurrency by market capitalization.
In addition to the price increase, Pi Network also saw a significant growth in traded volumes, which exceeded $1 billion, an increase of 600%. This development indicates growing investor interest and a potential continuation of the positive trend.
The rise in the price of PI is attributed to several factors, including speculation about a possible listing on Binance, an exchange with over 200 million users.