The March 12 deadline comes a few days after the protocol update to v19.9. This is what’s next.
Pi Network’s original token continues to buck the general market movements, as the asset has made gains even in the last 24 hours, when Bitcoin and most other altcoins have suffered losses.
A possible reason for this disparity could be related to recent updates announced by the team, including the next big deadline.
PI Rockets Over $0.20
It was less than a month ago, on February 11, that the Pi Network token was digging new lows almost every day. A fall in the broader market pushed the PI south, but it eventually reached $0.1312 for the day. This meant that it lost almost 95% of its value, which was recorded on February 26, 2025.
However, PI reacted well to this crash and quickly crossed $0.20. This level was too strong for the PI bulls and it dropped to $0.16. Another base followed, which peaked earlier today, as the token once again rose above $0.20 to hit a new three-week high. Currently, it is trading more than 50% off its lows seen less than a month ago.
Its market capitalization reached more than $1.9 billion, making it the 44th largest cryptocurrency by this metric. However, it should be noted that there are some worrying signs about its future price performance that could threaten its rally. Some of them include the large number of tokens due to open tomorrow and the RSI which is currently in the “oversold” territory.
New term approaches
PI has shown in the past that it tends to move mostly with some big announcements or team updates. Just earlier this week, it was up 9% daily after implementing the v19.9 protocol update. Now, they’ve set their sights on another trend that they claim is currently underway and could be driving PI’s recent gains.
Initially, the team said they wanted to complete the v20.2 update by Pi Day 2026 (March 14th), but they moved the timeline to March 12th.
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Protocol update is in progress (Step 3 – Deadline: March 12): The Pi Mainnet blockchain protocol continues to undergo a number of improvements. All master nodes are required to complete this step prematurely in order to remain connected to the network. Details here:…
– Pi Core Team (@PiCoreTeam) March 5, 2026
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