The team behind the cryptocurrency project has made several important achievements lately, and more updates are expected in the coming weeks. Despite the progress, PI’s price remains close to
The team behind the cryptocurrency project has made several important achievements lately, and more updates are expected in the coming weeks.
Despite the progress, PI’s price remains close to its all-time low, down 27% over the past 30 days.
Perhaps the most notable development related to Pi Network’s ecosystem is the recent transition to protocol v24. The Core Team announced the news on June 5, describing it as “one of the most challenging migrations.”
The upgrade primarily focuses on improving the underlying infrastructure that supports node operations and mainnet activity. Protocol v25 is next on the roadmap, with June 18 set as a deadline. It is important to note that the team said this update takes longer to complete, warning of a potential delay.
Moreover, Pi Network has made progress in the gaming field after CiDi Games (a Pi Network Ventures portfolio company) introduced four new games for Pioneers: Coin Whack, Fruit Stack, Gemnova, and RainbowCubes.
Another date Pi Network users are perhaps eagerly awaiting is June 28. The day is known across the community as Pi2Day because 6/28 represents the mathematical value 2π.
The team has a habit of announcing major news on PiDay (March 14), and we have yet to see whether it will do the same later this month. Some X users are already speculating that the community may witness ecosystem updates or the launch of new features; however, nothing is official yet.
Earlier this week, Pi Network said that users willing to help grow the ecosystem can invite vibe coders to bring their AI-created applications to the project’s real distribution network through Pi App Studio.
Those willing to participate should follow four key steps. First, they must identify communities of active vibe coders on social media platforms, then join and contribute to the relevant base. Later on, Pioneers are required to introduce Pi Network as a distribution network to coders and submit the designated link via the “Vibe Coder” button in the Pi mining app.
“Any creator can benefit from what Pi ecosystem has to offer: a large, engaged community of 60M+ Engaged Pioneers, plus infrastructure including global payments, Pi Wallet, Pi Ad Network, and social network access,” the message reads.
The token remains among the worst-performing cryptocurrencies, with its valuation hovering just north of $0.12. This represents a 27% decline on a monthly scale and a staggering 96% crash from the all-time high registered in February last year.
Lately, there’s been a rise in coins flowing from self-custody to exchanges, while the upcoming token unlocks remain significant. This combination is seen as bearish and is likely to negatively impact the price.
PI Token Unlocks, Source: piscan.io Not long ago, X user Erick Crypto said that PI’s Relative Strength Index (RSI) has reached oversold levels: a development which is typically a precursor to a rebound. He set $0.12 as a key support level, arguing that if buyers step in, “we could see a recovery move from these depressed levels.”
The post Pi Network News and PI Price Update Today: June 10 appeared first on CryptoPotato.
