Pi crypto value rejects $0.11 around Protocol v26 upgrade deadline

Pi Network’s coin climbed towards $0.11 on August 11, the deadline for Mainnet nodes to adopt Protocol v26.

The move did not last, as PI later returned to $0.08771, despite the increase in market activity.

Pi Network advances Protocol v26 transition

The Pi Core Team gave node operators until August 11 to install the new upgrade, with those still running on the old one at risk of being disconnected from the network.

That deadline has now passed, but the team is yet to announce whether the network-wide transition is complete.

The new upgrade introduces several infrastructure changes, including safety improvements covering contracts, state, and interoperability. It also prepares Pi Network for v27, which is the final upgrade that the project has currently announced.

Despite all these changes, PI’s supply has not been impacted, and a new demand has not been created, leaving the upgrade’s immediate relevance focused on network infrastructure.

Can PI Crypto value recover to $0.10?

PI reached $0.11 before sellers forced it back below $0.09, and at $0.08771, it was again trading inside the area that has seen a rise in activity recently.

Volume Range Visible Profile [VRVP] data places that activity between approximately $0.080 and $0.100, giving buyers a clear task of reclaiming the upper end of the range and hold it.