Pi Network's v27 Update Could Boost Price Despite Lingering Delays
The Pi Network has announced its next major protocol update, v27, which is scheduled to be deployed today. This development aims to add more flexible and secure smart-contract authentication, enabling accounts and apps to authorize transactions better.
Despite the excitement among Pioneers and community members, some have expressed concerns about a potential delay in the rollout of this update, given the project's history of postponing important upgrades.
Rumors are also circulating that Pi Network may announce an update on September 24 or make a presence at the TOKEN2049 conference in Singapore on October 7-8. However, these claims have not been confirmed by the project's team or news outlet.
The price of PI has seen an 11% monthly increase but remains down 97% from its all-time high of around $3, currently trading at roughly $0.09 according to CoinGecko.