Pi Coin Surges Amid Crypto Market Gains, Eyes Protocol 27 Upgrade

Pi Network's token price has been on an upward trend, reclaiming its $1 billion market capitalization and briefly trading above $0.10.

The recent surge in Pi Coin's price is attributed to gains in the overall crypto market and a strong 36% price surge from its July lows of $0.07070 to $0.09634 as of August 21.

However, volatility has picked up, causing major liquidations for traders, with the token experiencing a sharp shakeout after surging to around $0.1109 and plunging to $0.0830 before recovering.

The Pi Network is targeting September 15 for its Protocol 27 Mainnet upgrade, which is expected to introduce more flexible and secure smart contract authentication capabilities.