Pi Coin Defies Market Trend Before Key Deadline: Will the 10% Bounce Hold?
Pi Coin (PI) rose 8% on Saturday to $0.0870. The move pushed the token onto CoinGecko's trending list, days before a hard deadline for Pi Network.
Nodes are the computers that check Pi transactions. The people who run them have until August 11 to install an update. Nodes that miss it get cut off.
Why Pi Coin Is Trending Again
CoinGecko ranked PI second on its trending board on Saturday. Most other coins on that list were falling. Pi Coin was one of the few going up.
The bigger picture is less kind. While PI has gained 7% over the past week, it is still down 25% over the past month. The token is worth about $957 million in total, making it the 67th largest coin.
Trading stayed thin. Pi Network market data shows roughly $8.6 million changed hands in 24 hours.
What the August 11 Deadline Means
Protocol v26 is the latest step in a long chain of updates that started at version 19. Pi says it makes smart contracts safer. It also improves how the network stores data and talks to other blockchains.
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