Networks Token Price Surges 6% Amid Mainnet Upgrade Hype

Pi Network's PI token is up by 6% and outperforming the broader crypto market gains, driven by the mainnet upgrade deadline and investor interest, with 18M verified users strengthening the long-term growth narrative.

Mainnet Upgrade: The Big Catalyst

The Pi Core team has announced a final call for all mainnet nodes to upgrade to Stellar Protocol version 22 by April 27, which will unlock smart contract capabilities and lay the groundwork for a thriving ecosystem of decentralized apps.

Upgrade Deadline

The upgrade is urgent, as nodes that miss the deadline risk disconnection, potentially disrupting their network participation. The upgrade builds anticipation for an even bigger leap, with a full version 26 rollout slated for June 22.

Technical Outlook

Pi's chart tells a bullish story, but hurdles loom. The token now tests the 50-day EMA at $0.1785, with tougher resistance from the 100-day EMA around $0.1865. RSI at 71 hints at overbought conditions, suggesting profit-taking.

Key Takeaways

• Pi Network's PI token is up by 6% amid mainnet upgrade hype.
• The mainnet upgrade deadline drives momentum and investor interest.
• 18M verified users strengthen the long-term growth narrative.
• The upgrade will unlock smart contract capabilities and lay the groundwork for a thriving ecosystem of decentralized apps.

Frequently Asked Questions

What is the mainnet upgrade deadline?

The mainnet upgrade deadline is April 27, and nodes that miss the deadline risk disconnection.

How many verified users does Pi Network have?

Pi Network has over 18 million identity-verified users, which indicates the amount of growth that the network has experienced.