Pi Network Surges 70% Amid KYC Deadline, Exchange Listing Speculation

Pi Network, a cryptocurrency that has garnered significant attention in the crypto community, has seen a surge in its price, reaching a high of $1.78 earlier in the day. This surge comes amidst a broader market recovery and increased investor confidence, with the token's price currently standing at $1.70. The target of $2.98, which is the all-time high, seems achievable given the rising trading volume and open interest data. The 24-hour trading volume has surged, indicating building investor confidence amidst the Pi Day uptrend.

The price surge can be attributed to several factors. The upcoming KYC deadline and Mainnet Migration set for March 14, 2025, has created a sense of urgency among investors, resulting in high network activity. Investors with unverified KYC would lose all their holdings, driving the price up. Additionally, there is intense speculation that the popular cryptocurrency exchange will list the Pi Network coin, further fueling its price. The token has an active user base of 65 million and over 100 decentralized apps, breaking key resistance levels. Analysts predict potential rallies to $5 and $10 in the coming weeks, with crypto influencer promotions and support also fueling this rally.

The famous parody Elon Musk account has also supported the Pi Coin, announcing a giveaway of $500 in PI to 20 people who like the post and follow the account. This has built engagement among the community and boosted investor confidence. However, the token has not had a rally close to $10, and various bullish factors must be supported for this to happen. If the Pi Network price continues to break resistance and maintain a high trading volume, it can reach new highs. Exchange listing and increased adoption could introduce additional bullishness, but token unlocks and allegations of scams could introduce selling pressure.

Various crypto analysts have presented Pi Network price predictions and strong trust in the token for a bullish uptrend. One analyst claims that the Pi Coin could break its all-time highs if it follows a certain price structure, with a long-term goal of achieving $10. However, the team must have actual utility, as without that, it could fall to a low of $1. Another analyst has a similar take based on the Fibonacci retracement zone, predicting a parabolic move upward. This target is also for the long term and fueled by exchange listings, utility, and other bullish factors.

In conclusion, while the Pi Network price rising to $10 in the short term is highly unlikely, even with a parody Elon Musk endorsement, a catalyst like a Crypto Reserve formation or bull rally can make this happen in the most optimistic scenario. The continuity of scam allegations and upcoming token unlocks could impact PI's performance significantly.