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Stellar (XLM) Protocol 23 Upgrade Could Be the Lifeline for an Ailing Pi Coin (PI)


by Anisha Pandey
for CoinEdition
Pi Coin (PI) price hits an all-time low as the market anticipates a major upgrade from Stellar's Protocol 23.
  • Pi Coin is attempting a breakout from a bullish falling wedge after hitting a new all-time low.
  • Market expert Dr Altcoin suggests Pi could skip intermediate upgrades and jump directly to Protocol 23.
  • If Pi breaks above $0.368 resistance, a short-term rally to $0.40–$0.42 may follow.

Pi Coin has been reeling under intense selling pressure over the past few weeks, with the price plunging to a new all-time low of $0.335 in the last 24 hours.

However, despite the grim short-term outlook, market observers remain cautiously optimistic, especially in light of a possible major upgrade tied to Stellar’s upcoming protocol leap.

Stellar’s “Leapfrog” Upgrade to Revive Pi Coin

Unlike Proof of Work networks like Bitcoin or Ethereum, the Pi Network uses a consensus algorithm based on the Stellar Consensus Protocol (SCP). In the SCP, nodes form trusted gro…

The post Stellar (XLM) Protocol 23 Upgrade Could Be the Lifeline for an Ailing Pi Coin (PI) appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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Stellar (XLM) Protocol 23 Upgrade Could Be the Lifeline for an Ailing Pi Coin (PI)


by Anisha Pandey
for CoinEdition
Pi Coin (PI) price hits an all-time low as the market anticipates a major upgrade from Stellar's Protocol 23.
  • Pi Coin is attempting a breakout from a bullish falling wedge after hitting a new all-time low.
  • Market expert Dr Altcoin suggests Pi could skip intermediate upgrades and jump directly to Protocol 23.
  • If Pi breaks above $0.368 resistance, a short-term rally to $0.40–$0.42 may follow.

Pi Coin has been reeling under intense selling pressure over the past few weeks, with the price plunging to a new all-time low of $0.335 in the last 24 hours.

However, despite the grim short-term outlook, market observers remain cautiously optimistic, especially in light of a possible major upgrade tied to Stellar’s upcoming protocol leap.

Stellar’s “Leapfrog” Upgrade to Revive Pi Coin

Unlike Proof of Work networks like Bitcoin or Ethereum, the Pi Network uses a consensus algorithm based on the Stellar Consensus Protocol (SCP). In the SCP, nodes form trusted gro…

The post Stellar (XLM) Protocol 23 Upgrade Could Be the Lifeline for an Ailing Pi Coin (PI) appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Top 4 ‘Low Risk High Gains’ Altcoins To Buy Before September 17

Top 4 ‘Low Risk High Gains’ Altcoins To Buy Before September 17

The cryptocurrency market is holding steady as traders prepare for the Federal Reserv...
Altcoin Accumulation Builds as Aptos Eyes $5.50 and Cardano Targets $1.24

Altcoin Accumulation Builds as Aptos Eyes $5.50 and Cardano Targets $1.24

The debate over whether the bull market has officially started is far from settled, b...