New Layer-1 blockchain project Pi Network ($PI) rocketed more than 40% today, putting this new project firmly in growth mode.

The explosive move comes after a period of high volatility and consolidation around $PI, in which the token saw its price drop briefly to a low of $0.66.

Now over $2, the token has rewarded traders who got in at the bottom with a 3x return. Pi Network has a market cap approaching $15 billion and 24-hour trading volume of nearly $1.5 billion, indicating the token’s momentum could just be getting started.

Pi Network isn’t the only altcoin defying the dip – Best Wallet Token is another presale gaining momentum as its presale passes the $10.5 million mark.

Pi Network Attracts Investors and Exchange Listings with Mobile-friendly Crypto Mining

The Pi Network blockchain stands out in a crowded field of Layer-1 projects as one of the only cryptocurrencies built for mobile token mining.

That’s a huge benefit for ordinary crypto investors who want a chance to take part in mining and build their crypto fortune, but don’t have the money or technical skills to dive into traditional infrastructure-heavy mining operations.

The network quickly attracted a user base of more than 60 million crypto enthusiasts, making it one of the most popular new blockchains of this cycle.

On top of that, Pi Network has been massively successful at attracting developers to its nascent blockchain. The project offers a seamless set of developer tools, low-code integrations with Web3, and enormous scalability compared to busier blockchains like Ethereum and Solana.

So, it came as no surprise when Pi Network’s token airdrop, held last week, became the largest crypto release in history. The project distributed more than $12.6 billion worth of $PI tokens.

The airdrop was accompanied by major exchange listings, including on OKX, MEXC, and Bitget.

As happens for so many crypto airdrops, that immediately led to a massive sell-off of $PI tokens as recipients scrambled to take profits. That pushed the price of $PI from an initial high of $1.83 all the way down to $0.66.

Now, the sell-off has ended and the token holders remaining are committed to Pi Network’s success. They and new investors have been stepping in to buy $PI at the bottom, resulting in today’s explosive 42% price gain.

While $PI is now trading at a new all-time high, it looks unlikely that the momentum will fade. This could be headed higher, making $PI one of the most valuable new blockchains and a potential competitor to the likes of Ethereum and Solana.

Get Early Access to New Cryptos Like $PI with Best Wallet’s $BEST Token

Pi Network’s massive growth highlights the importance of getting in early on the hottest new crypto projects. Early users who received $PI tokens during the airdrop are sitting on attractive gains right now.

That’s put eyes on Best Wallet, a leading Web3 wallet that offers access to the latest and greatest new token releases through its Upcoming Tokens launchpad. The crypto launchpad has provided investors with early access to explosive tokens like $SLAP and $WEPE, both of which pumped higher after hitting exchanges.

While all Best Wallet users can access the launchpad, investors in the new $BEST token will have exclusive first access to new tokens there. That makes $BEST a key coin to hold as the crypto presale market heats up.

On top of that, $BEST offers other perks within the Best Wallet ecosystem, including reduced fees at the Best DEX. It also turns Best Wallet into a tasty crypto staking platform by offering enhanced APYs on popular tokens.

Analysts like Crypto Gains have called $BEST one of the most exciting new platform tokens of this cycle and suggested it could even outperform $PI once it hits exchanges.

The Best Wallet presale has raised more than $10.5 million already, so investors are clearly excited about $BEST. For a limited time, the token is available for grabs at a discounted price of $0.024125.

However, the next price increase is just a few hours away.

Visit Best Wallet Presale

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