Crypto Potato 2026-02-13 15:39:48

Pi Network (PI) Jumps 8% in 24 Hours: Is the Worst Over or Another Dead-Cat Bounce?

The cryptocurrency market made another move south in the past 24 hours, with most leading digital assets (including BTC) charting minor losses. Somewhat surprisingly, Pi Network’s PI has defied the bearish environment, posting a daily gain of around 8%. Finally in Green Pi Network’s native cryptocurrency has been in a sharp decline over the past several months, disappointing its huge base of proponents and investors. Just a few days ago, its price dropped to a new all-time low of around $0.13, while its market cap plunged to around $1.1 billion. Over the last 24 hours, though, the bulls stepped in, and PI reached almost $0.15. Its capitalization once again surpassed $1.3 billion, making it the 55th-largest cryptocurrency. PI Price, Source: CoinGecko The notable resurgence comes shortly after the team behind the project provided an update on its Node infrastructure. The developers revealed that the Pi Mainnet blockchain protocol is undergoing a series of improvements and set a deadline of February 15 for the first upgrade. The Core Team explained that it will run the consensus algorithm with Pioneers who have applied to become Nodes and have successfully installed all required blockchain software on their computers. “While our hope is to include as many Pioneers as possible when defining the Node requirements, the availability and reliability of individual nodes in the network affect the safety and liveness of the network,” the official announcement reads. PI’s price revival also coincides with a slowdown in token unlocks. Approximately 19 million coins are scheduled for release today (February 13), marking the record day for the next 30 days. Towards the end of the month, the daily unlocks are expected to drop below 5 million, which could reduce selling pressure and help stabilize the price. PI Token Unlocks, Source: piscan.io The Recent Rumors Earlier this month, some X users speculated that Kraken is preparing to allow trading services with PI. Such support from one of the leading crypto exchanges would likely have a positive price impact on the asset, as it would increase its liquidity and availability and improve its reputation. Perhaps the biggest boost will be if Binance decides to embrace PI. The world’s largest crypto exchange was expected to do so last year and even held a community vote to determine whether its users wanted the token listed on the platform. Despite the overwhelming support, Binance has yet to honor their wish. The post Pi Network (PI) Jumps 8% in 24 Hours: Is the Worst Over or Another Dead-Cat Bounce? appeared first on CryptoPotato .

La maggior parte ha letto le notizie

Claude AI App Skyrockets: How Anthropic’s Cun...
2026-02-13
Alchemy Pay price prediction 2026-2032: Is AC...
2026-02-13
Bitcoin Developers Introduce P2MR to Counter...
2026-02-13
Coinbase stock buoyed by stock buybacks, reve...
2026-02-13
Anchorage, Kamino let institutions borrow aga...
2026-02-13
Aave Labs Proposes Moving Revenue to DAO Amid...
2026-02-13
Bitcoin $72K target possible if V-shaped reco...
2026-02-13
Bitcoin Shorts Hit August 2024 Levels as Fund...
2026-02-13

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta