“How Pi Network’s Unexpected Ascent Outperformed Hedera in a Tumultuous Crypto Market – What’s Behind the Surge?”

In an era when the cryptocurrency market appears to be on a turbulent rollercoaster, the Pi Network is turning heads with a jaw-dropping 5% surge in its Pi Coin value. Isn’t it fascinating how some assets rise like phoenixes from flames while others crumble under pressure? This recent leap has propelled Pi Coin to the 11th spot in market capitalization, displacing Hedera (HBAR) in the process. With so many digital tokens backsliding dramatically, Pi’s unexpected resilience has piqued curiosity and left investors wondering what’s next. What’s driving this remarkable shift? Buckle up as we dive into the details! LEARN MORE.

Key Notes

• The Pi Network has defied the gloomy market trends, climbing 5%.
• Its Pi Coin has displaced Hedera (HBAR) to rank 11th by market capitalization.

While most tokens are seeing staggering devaluations today, the Pi Network’s Pi Coin has defied the odds, climbing 5%. As of this publication, the cryptocurrency has secured a spot as the 11th largest crypto by market cap, overtaking Hedera.

Pi Network Defies Market Downturn

Since last weekend, the crypto market has been up and down, witnessing losses that, averagely, may even be heavier than the gains it saw at some point. So much so that many whales have sold off their holdings, while others are holding off from making any further investments.

The situation has also seen a vast majority of tokens, including top ones such as Bitcoin

BTC
$86 997



24h volatility:
3.9%


Market cap:
$1.73 T



Vol. 24h:
$62.06 B



, ETH

ETH
$2 164



24h volatility:
3.9%


Market cap:
$261.67 B



Vol. 24h:
$29.99 B



, SOL

SOL
$141.6



24h volatility:
3.7%


Market cap:
$72.16 B



Vol. 24h:
$7.86 B



, etc., shedding significant parts of their values in such a short time. Despite this, however, market data shows that Pi Coin is putting up a strong performance that is quite rare at the moment.

On Tuesday, the value for a Pi Coin initially rose by over 5% in 24 hours to attain a day high of $1.85. As of this publication, however, the price stands at $1.73, still up 0.21% over the last 24 hours.

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