title: Pi Network Price Rises 20% to Cross $1.70 Ahead of Pi Day Launch

Pi Network price has risen 20%, crossing $1.70 as Pi Day on March 14 approaches, marking the sixth anniversary since its 2019 launch.

Key Highlights

* Pi Network price has risen 20% to cross $1.70 ahead of Pi Day on March 14, marking the sixth anniversary since its 2019 launch.

* Ahead of Pi Day, Pi Coin users are transferring their mined PI tokens from the testnet to the live mainnet by 8:00 AM UTC on March 14, as part of the extended Grace Period deadline.

* However, users continue to face issues with the KYC verification process, which is crucial for completing the migration, due to ongoing technical issues.

Pi Network price bounced back from its crucial support of $1.40 and is heading upwards towards reclaiming the $2 levels. The daily trading volume increased by 54% to $720 million, suggesting strong bullish sentiment among investors.

According to data from Coinglass, Pi Coin futures open interest has risen by more than 30%, suggesting that momentum will likely continue.

The 4-hour chart shows the price forming five consecutive bullish green candles, each accompanied by increasing trading volume. Local resistance lies in the $1.75–$2.00 range. If the rising volume trend persists, the price could potentially test the higher resistance level at $2.

Pi Network Adoption

Native cryptocurrency Pi Coin has been seeing major adoption as a means of payment over the past few weeks. The cryptocurrency made inroads into the trillion-dollar industry of real estate as Florida-based Zito Realty has begun accepting Pi Network payments, marking a significant milestone for the cryptocurrency.

After an eight-year presence in the crypto space, Pi Network has also become a part of the Stanford Affiliate Program. In the U.S., the program is recognized for its contributions to supporting university programs and generating revenue through paid advertising.

Pi Network’s prominence is also growing in the broader crypto ecosystem. It has been featured in the Stanford Affiliate Program alongside major players like Ripple and a16z, whose executives recently participated in the White House crypto summit. This recognition underscores Pi Network's increasing influence in the U.S. crypto landscape.

Pi Network's journey began in 2019 when three Stanford University professors—Prof. Chazelle, Prof. Hellman, and Prof. Polado—launched the project with the aim of making cryptocurrency accessible to the masses.

After five years of development in the testnet, the project launched its live mainnet in December 2023. This transition marks a crucial step toward broader adoption and integration into the global financial system.

Pi Network's commitment to user experience is evident in its testing phase, which involved millions of users. In contrast to other crypto projects that typically have a few thousand users during testing, Pi Network engaged a vast user base, a feat achieved by projects like Bitcoin and Ethereum only after several years.