Kraken Exchange Announces Pi Network Listing, PI Price Surges

After Kraken exchange announced the listing of Pi Network (PI) token, the price of PI coin rose by about 2% within an hour, trading at around $0.23.

Kraken Exchange Announces PI Coin Listing

Kraken Listing recently announced on Twitter its plan to list the PI token on March 13. Pi Network is a "click-mining" digital currency project that allows users to mine tokens through a free mobile application. Unlike Bitcoin, it does not require powerful computers or a lot of electricity. Instead, users can mine tokens directly through their smartphones with just one click per day.

Pi Network is a mobile-first Layer-1 blockchain and developer platform that allows accessible cryptocurrency mining via smartphones and builds a utility-based ecosystem on a verified mainnet. Trading began on March 13.

Pi Day Community Enthusiasm Rises

Every year, March 14 (Pi Day) tends to generate strong excitement in the Pi Network community and has historically led to increased trading activity around the token. At the same time, network protocol upgrades are expected to be completed on March 12 this year, and new DeFi News tools may also be launched.

PI Coin Price Rises After Listing Announcement

If the token breaks through the $0.24 resistance level, traders say this could trigger additional price increases, targeting a price level of $0.50 as Pi Day approaches. Kraken plans to list the Pi Network PI token on March 13. The announcement was released a few days before Pi Day, an important annual event for the Pi community. Pi coin is currently listed on several exchanges, including OKX, Bitget, HTX, and BitMart. Kraken's listing will add another major trading platform. Currently, Pi coin is not listed on Binance or Coinbase. Many investors are closely watching whether these major exchanges will support PI in the future. Traders say that breaking through the $0.24 resistance level could trigger a rally towards $0.50. Market sentiment and Pi Day enthusiasm may influence short-term price movements.