Pi Network Mandates Protocol 23 Upgrade Deadline for Mainnet Nodes

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 day ago

THE+1.288%

XLM-1.318%

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Upgrade Requirement: Pi Network has mandated that all Mainnet nodes complete the Protocol 23 upgrade by May 15, as this upgrade takes longer than usual, prompting node operators to plan ahead to ensure network connectivity.
Software Version: The current Pi Node software is version 0.5.4, available for Windows, Mac, and Linux systems, allowing users to download and manage node activities through the Pi Desktop application to ensure a smooth upgrade process.
SuperNode Responsibilities: SuperNodes must maintain a 24/7 connection and pass KYC verification to actively participate in the consensus process that writes transactions to the Pi ledger, with selection criteria including stable internet connectivity and hardware performance.
Decentralization Progress: The Protocol 23 upgrade represents a significant step in Pi Network's gradual decentralization, supporting real transaction testing and aiming to lower participation barriers, enabling everyday users to operate nodes easily.

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Technical Analysis for THE

Technical Sentiment Analysis for THENA (THE). As of , THENA (THE) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for THE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, THE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

THENA (THE) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0904	0.0941	0.0974	0.101	0.104	0.108	0.111
Fibonacci	0.0941	0.0967	0.0984	0.101	0.104	0.105	0.108

About THE

THENA is an innovative decentralized exchange (DEX) and a liquidity layer built on BNB Chain. THENA offers spot and perpetual trading for a wide range of assets.At the core of THENA's value proposition is THE Liquidity Marketplace, which uses a novel ve(3,3) model that allows DeFi protocols to incentivize liquidity by directly influencing veTHE holders' votes. By adjusting the amount of $THE rewards distributed for specific pools, protocol teams can develop dynamic liquidity management strategies, attracting more liquidity providers and boosting their platforms' Total Value Locked (TVL).THENA leverages its unique features and adaptive liquidity management capabilities to position itself as the go-to liquidity layer for protocols, while offering users an all-inclusive platform for their DeFi needs.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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