What a volatile journey it’s been for the Pi Network’s native token following a period of calm during December holidays. After weeks of significant losses, recent days have shown a positive turnaround.

PI Rockets

The PI token was among the worst performers in the cryptocurrency market since mid-January’s last correction. Prices fell to all-time lows, with $0.1312 marked on February 11, prompting dissatisfaction among the community. However, the token has surged over 30% in the last 24 hours, now trading above $0.20. This rally has led many users to celebrate and speculate on further price increases.

Pi Token Price Chart Pi Token Price on February 15. Source: CoinGecko

“Huge congratulations to all Pioneers who recently DCA’d at the bottom around $0.13 – that decision is paying off nicely right now. A special shoutout and big thanks to PiBridge – a project that truly listens to the community and delivered one of the most useful features yet: USDT loans collateralized by PI. Thanks to this, anyone who urgently needed cash but didn’t want to sell their PI at the painful $0.13-$0.14 levels can now avoid massive regret,” commented Cryptoleakvn.

Additionally, today’s surge follows a prediction from a notable crypto analyst, Captain Faibik, who speculated a potential 500% rise upon adding PI to their portfolio.

Deadline Approaches

An important deadline for Pi Nodes ends today, relating to upgrades to Pi’s Mainnet blockchain protocol, which necessitate completion for all Mainnet nodes to ensure connectivity. These upgrades are crucial for enhancing decentralization, securing transactions, and supporting global consensus.