Kraken Announces Pi Network Listing Ahead of Pi Day, Boosting Interest in PI Coin

• The PI token experienced a short-term price appreciation following the announcement of the listing, though it is still lower than the peak.
• The cryptocurrency exchange, Kraken, has announced that it will list the PI token of the Pi Network ahead of the annual celebration of Pi Day.

The exchange confirmed that it will start trading the PI token as of March 13. The announcement of the listing of the PI token attracted significant attention from the global Pi Network community. And the cryptocurrency traders across the global digital asset trading markets. The cryptocurrency exchange, Kraken, has millions of users and is one of the largest exchanges in the global trading markets.

Moreover, the announcement came during a time when the community was about to start celebrating its annual Pi Day event. This event is known to bring about increased activities and user engagement from users who are active within the ecosystem. As such, discussions on various social media platforms were amplified after the exchange announced its confirmation of listing the cryptocurrency. The developers created the Pi Network as a blockchain-based platform that is accessible through mobile applications. Unlike other mining networks, users can earn cryptocurrency through daily interaction with the official application.

PI Coin Price Reaction After Listing News

According to market trends and statistics, the price of the PI token reacted positively after the news of the exchange listing announcement was made public in various crypto-related communities. The price of the token reacted positively with a marginal increase of about 2%, with the price remaining at approximately $0.23 after the news of the exchange listing announcement. Despite the positive reaction in the price of the token after the news of the exchange listing announcement, the price of the token remains at a lower value compared to its previous valuation. Historical records indicate that the price of the PI token reached an all-time high of approximately $2.34 in the past.

According to analysts, more buying strength could be witnessed if it rises above that level. Currently, some cryptocurrency exchanges that allow users to trade PI tokens are already operational across various markets worldwide. These exchanges are OKX, Bitget, HTX, BitMart, among others. However, some of the biggest exchanges like Binance and Coinbase are yet to make announcements about their support for the token.

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