🚀 Pi Network Awakens — Can Bulls Rescue PI From the Abyss?
koinmilyoner
Updated at: 3 hours ago
{"content":"🚀 Pi Network Awakens — Can Bulls Rescue PI From the Abyss?
Pi Network survived the week's gloomy start by staying above key support.
Protocol 23, Whisk, might strengthen the Pi ecosystem, will be voted on by Stellar validators.
After officially integrating the PI coin, Onramp Money recommends using the Mainnet wallet address.
Pi Network (PI) trades over $0.3400 at press time on Wednesday, up 1.23% from Tuesday. The Whisk vote on Stellar's Protocol 23 could revive Pi Network and boost the Pi ecosystem. On Monday, Onramp Money announced PI token inclusion with technical upgrades.
Pi Network upgrades tech amid Onramp integration
Pi Network, based on a modified Stellar protocol, prepares for the Wednesday 17:00 GMT vote on Stellar Protocol 23. The update will boost blockchain development with unified events and parallel transactions.
Pi Network revealed that the proprietary Pi Protocol would take updates from the new and enhanced Stellar deployment on Pi Node's Linux debut to support Pi ecosystem development.
Pi Network will launch two testnets before upgrading the mainnet and may schedule disruptions. The Know Your Customer (KYC) procedure necessary for Pi users, known as Pioneers, to join the mainnet might be decentralized when the update transfers Pi KYC solution authority to other businesses.
PI cryptocurrency support was revealed Monday with the technical revamp by Onramp Money. On-ramp requests the Pi Network mainnet wallet address instead of the testnet address, making the service KYC-verified only.
Price action has taken repeated support from $0.3220, but the persistent ascent in the Relative Strength Index (RSI) approaching 43 signals a positive divergence.
Supertrend indicator requires a convincing closing above its red line at $0.4100 to confirm an uptrend. It would shatter the daily chart's falling channel pattern, which has persisted since May.
A loss below $0.3220 might extend PI's slide below $0.3000.
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