Last week was supposed to mark the completion of a key ecosystem development, but Pi Network\u2019s Core Team has yet to verify that the milestone has been achieved.<\/p>\n
PI\u2019s weak performance persists, and a further slump could see it lose its spot among the 100 largest cryptocurrencies.<\/p>\n
At the start of 2026, Pi Network started a protocol upgrade process, initially implementing version 19.6. It later deployed v20.2, which laid the foundation for smart contract capabilities and several other upgrades meant to enhance the ecosystem.<\/p>\n
The latest completed update was protocol v27, while v28 was supposed to arrive on October 16. Pi Network has not yet announced the update, but some X users argue it\u2019s already live. One of those is Kim H Wang, who said<\/a>:<\/p>\n \u201cAfter upgrading to version 28 protocol on October 17, <\/span>Pi<\/span> Network<\/span> has the core blockchain infrastructure needed to support smart contract and public decentralized applications (dApps). Pi Network is ready for public dApp deployment.\u201d<\/span><\/p>\n Pi Network Alerts claimed the same thing.\u00a0According to the X account, protocol v28 has gone live on the Mainnet,\u00a0highlighting<\/a> the upgrade\u2019s benefits to the ecosystem.<\/span>\u00a0Those include better handling of transaction-data delays, the ability to upgrade multiple smart contracts together, and safer changes to stored application data.<\/p>\n \u201cThis is more than a protocol number. It\u2019s another step toward building infrastructure that can support a more advanced Pi <\/span>ecosystem. With Protocol 27 completed and Protocol 28 now live, the real question is: what will developers build on top of these upgrades next,\u201d it added.<\/p>\n Beyond the protocol upgrade, Kim H Wang also highlighted Pi Network\u2019s first online Ecosystem Summit, scheduled for November 17-19, which will feature new platform announcements, developer demos, existing dApp showcases, and details on another hackathon. As CryptoPotato<\/em> reported<\/a>, the three-day online event will also involve discussions between devs and the Core Team.<\/p>\n Pi Network\u2019s community calendar already includes two recurring annual events: Pi Day and Pi2Day, both inspired by dates connected to the mathematical constant 3.14. Both occasions brought<\/a> significant advancements, such as Launchpad MVP, Mainnet-enabled Pi App studio functionality, second migrations, and ecosystem expansion\u00a0through SoloHost, Pi Sign-in, and PiVerify.<\/p>\n It seems like the bears remain in full control, with PI collapsing by an additional 12% over the past week to under $0.08. It is currently the 82nd-largest cryptocurrency with a market capitalization of around $880 million, but another decline could push the token out of the elite top 100 club.<\/p>\n X account BSCN said<\/a> that PI has returned to its July lows, adding it has \u201chit rock bottom again.\u201d It also noted that despite numerous announcements and updates, the price has failed to post a decisive comeback.<\/p>\n It remains to be seen whether the remaining months of the year can deliver such a rebound, but the waning investor interest in the token supports a more bearish scenario.<\/p>\n The post Important Pi Network News and PI Price Update: October 20<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Last week was supposed to mark the completion of a key ecosystem development, but Pi Network\u2019s Core Team has yet to verify that the milestone has been achieved. PI\u2019s weak performance persists, and a further slump could see it lose its spot among the 100 largest cryptocurrencies. Upgrade or Not? At the start of 2026, […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-241713","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241713"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241713"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/241713\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Upcoming Summit<\/h2>\n
PI Price Outlook<\/h2>\n