The PI token has become the biggest winner in the last 24 hours.
This revival comes after the team issued an important reminder about a deadline for today.
PI missiles
As mentioned above, PI has been consistently one of the worst performers in the cryptocurrency markets since the last correction began in mid-January. The asset marked consecutive lows, last reaching $0.1312 on February 11. While the community lashed out against the project behind it and there were calls for further declines, the trend reversed in recent days.
The price of PI has been on a wild run, rising more than 30% in the past day alone, and more than 55% since its low just a few days ago. As such, the price is now trading above $0.20, which has attracted many early adopters celebrate the move and phone conversation for further gains.
“Big congratulations to all the pioneers who recently had a DCA of around $0.13 at the bottom – that decision is now paying off handsomely. A special shoutout and big thanks to PiBridge – a project that really listens to the community and has delivered one of the most useful features yet: USDT loans backed by PI. Thanks to this, anyone who desperately needed cash but didn’t want to sell their PI at the painful $0.13-$0.14 level can now avoid huge amounts regret,” commented Cryptolekvn.
It’s worth noting that today’s surge comes just a day after a popular crypto analyst, Captain Faibik, said they added PI to their portfolio and predicted a massive 500% increase.
Deadline approaches
Separately, but perhaps somehow related to the recent pump, the deadline ends today covering the “4th role” of Pi Network: Pi Nodes. As reported earlier this week, the Pi Mainnet blockchain protocol is undergoing a series of upgrades, and the deadline for the first is February 15.
It requires all Mainnet nodes to complete this important step to stay connected to the network. In this article, we reiterated the core team’s explanation that nodes should run on laptops or desktop computers, allowing them to help drive PI decentralization by validating transactions, strengthening network security, and supporting global consensus and trust.
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