Pi Network completes protocol migration and eyes upgrades

Pi Network has successfully completed its protocol v19.9 migration earlier this month, with the v20.2 version set for release around March 12. The project also unveiled a case study on using Pi Nodes for AI computing. The PI token has risen about 30% in the past week, reaching a three-month high of $0.23.

Pi Network, a cryptocurrency project known for its controversies, continues to attract interest through recent technical advancements. Earlier this month, the Core Team confirmed the successful completion of the protocol v19.9 migration. The upcoming v20.2 version is scheduled for later this week, potentially around March 12, as part of ongoing upgrades to the ecosystem.

A new case study highlights the potential of Pi Nodes as a distributed network for AI computing and model training, showcasing possible expansions in utility. Community focus has turned to March 14, recognized as Pi Day due to its alignment with the mathematical constant π (3.14). Last year, in 2025, the network broadened its ecosystem on that date, leading some members to anticipate a major listing or announcement this year, though these remain speculative hopes.

The PI token has performed strongly, surging roughly 30% over the past week according to CoinGecko data. It briefly hit a three-month peak of $0.23 before settling at $0.22. This momentum propelled PI to the top of CoinGecko's trending list and kept it among the platform's 15 most-searched assets.

Recent on-chain activity shows a transfer of about 4.8 million PI tokens to centralized exchanges in the last 24 hours, increasing the total to 454.1 million. Such movements can signal preparations for trading but do not guarantee price drops. The token's Relative Strength Index (RSI) exceeded 70 briefly, indicating overbought conditions that might lead to a pullback, while levels below 30 suggest buying opportunities.

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Bitcoin briefly surged above $89,000 following softer-than-expected U.S. inflation data on December 18, 2025, but quickly reversed course amid skepticism about the figures. The cryptocurrency settled around $86,000, down 0.8% in 24 hours, as the broader crypto market dropped over 2% to $2.97 trillion. Altcoins like XRP and Ethereum also fell, with $550 million in liquidations triggered.

The cryptocurrency market showed signs of recovery this week, buoyed by softer U.S. inflation data at 2.4 percent and a robust labor market, which raised expectations for Federal Reserve interest rate cuts. While major coins like Bitcoin and Ethereum remained subdued, smaller altcoins dominated with significant gains. However, some tokens faced sharp declines amid shifting investor sentiment.

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Bitcoin traded around $72,700 on Thursday, maintaining gains above $70,000 but pausing its recent breakout without pushing toward $80,000. Ether also saw modest increases of less than 1%, as investors assessed macroeconomic risks and derivatives activity. Broader market indices for major cryptocurrencies rose about 3%, while sectors like DeFi showed little movement.

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Pepeto, a meme coin project based in Dubai, announced on February 26, 2026, that its presale has exceeded $7.33 million. The update coincides with Bitcoin reclaiming $68,000 and reports of whale accumulations in the cryptocurrency market. The project features trading tools and has attracted attention amid recent market volatility.

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Bitcoin surged above $68,000 on March 2, 2026, as cryptocurrency markets rebounded amid a muted global reaction to escalating tensions in the Middle East. The rally followed strong U.S. manufacturing data, with the ISM PMI rising to 52.4 in February, signaling economic expansion. Ether and other major coins also gained, adding over $100 billion to the total market capitalization in under an hour.

 

 

 

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