Pi Network surges to 11th largest crypto by market cap as value skyrockets

Pi Network, a cryptocurrency known for its unique mining model and closed mainnet, has been gaining significant traction in the crypto community. The platform has seen an unprecedented surge in adoption, particularly on the X social media platform, where it has amassed a substantial following. This growth has positioned Pi Network as a formidable competitor to top meme coins like Dogecoin, with its social media presence rapidly closing the gap with the latter.

Pi Network recently achieved a significant milestone by reaching 4 million followers on X. This rapid growth in its social media presence has brought it close to matching Dogecoin, which has 4.3 million followers on the same platform. The team behind Pi Network celebrated this achievement by acknowledging the support of its community members and enthusiasts who contributed to this milestone.

Since its launch in 2019, Pi Network has attracted crypto enthusiasts with its user-friendly and mobile-based mining services. Unlike traditional cryptocurrencies such as Bitcoin, which require high-powered hardware for mining, Pi Network offers a more accessible mining experience. This accessibility has contributed to its growing popularity and adoption within the crypto market.

Pi Network's value has been surging at an unexpected rate, even as other top digital assets struggle with broader market volatility. CoinGecko has ranked Pi Network as the number one trendiest cryptocurrency in its top 20 list, surpassing major digital currencies like Dogecoin, Ethereum, Cardano, Solana, XRP, and Bitcoin. This ranking highlights the increasing interest and adoption of Pi Network in the crypto community.

Pi Network has also made significant strides in terms of market capitalization. CoinMarketCap ranks Pi Network as the 11th largest cryptocurrency by market capitalization, just two positions behind Dogecoin's 9th place. This rapid ascent to the 11th position underscores Pi Network's impressive growth in a short period.

Speculation has been growing about a potential listing of Pi Network on Binance, the largest crypto exchange. The crypto community has been actively advocating for this integration, with the PI blockchain on X making a bold request for Binance to list Pi Network. The community has been urged to continually advocate for the listing and ensure their voices are heard. An X user named ‘Satoshi Nakamoto’ reported that 86% of Binance community members had voted in favor of listing the Pi Network,