Pi Network price has shown surprising resilience this year, outperforming major cryptocurrencies like Bitcoin, Ethereum, and XRP despite remaining in a broader bear market. While Pi Coin is still hovering near its all-time low, it has declined by just 12% year-to-date. In comparison, Bitcoin price has fallen by 23%, Ethereum by 33%, and XRP by 21%, highlighting Pi Network’s relative strength in the current crypto market downturn.
The improved performance comes ahead of the first anniversary of Pi Network’s mainnet launch on February 20. Investor sentiment has been supported by ongoing network upgrades aimed at aligning with Stellar Network’s Protocol 22, with plans to advance toward Protocol 25. These technical improvements are designed to enhance efficiency, scalability, and overall ecosystem performance, which could strengthen long-term adoption.
Speculation surrounding a potential Kraken listing has also fueled optimism. Kraken recently added Pi Network to its listing roadmap, raising expectations that the token could become available to millions of global investors, including users in the United States. A successful listing on a major exchange like Kraken could increase liquidity and potentially pave the way for listings on other leading platforms such as Binance and Coinbase.
Additional bullish momentum followed the launch of a new AI-powered KYC verification system. This upgrade aims to streamline user verification and accelerate migration from the enclosed mainnet, expanding network participation. Developers are also preparing for validator rewards scheduled for March, another catalyst that could drive engagement within the ecosystem.
From a technical analysis perspective, the Pi Coin price rebounded from a record low of $0.1300 to $0.2068. The token has moved above both the 25-period and 50-period Exponential Moving Averages and formed a bullish pennant pattern. With price action holding above the Supertrend indicator, bulls are targeting $0.2068, with a potential breakout opening the door to the $0.2500 resistance level.
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