Date: Thu, Oct 17, 2024, 06:55 AM GMT
Pi Network, the popular mobile cryptocurrency mining platform with over 60 million users, has taken another significant step toward launching its long-anticipated Mainnet. The Pi Core Team (PCT) has officially released Pi Node v0.5.0, an essential update designed to prepare nodes for the shift to the Mainnet.

Source:: X
What’s New in Pi Node v0.5.0?
This new version transitions nodes from the original Testnet to Testnet 2, which is a key testing environment. The update ensures that node operators can seamlessly switch between test and main blockchain environments, helping Pi Network fine-tune everything before the full Mainnet launch.
What is a Pi Node?
Pi Nodes play a central role in the Pi Network ecosystem by allowing users to contribute to the network's security and governance. These nodes validate transactions and maintain blockchain integrity, making them essential to a decentralized network’s operation.
What is Testnet 2, and Why Does It Matter?
Testnet 2 offers a critical testing layer, enabling node operators to simulate real blockchain conditions without affecting the actual operations. Selected operators will initially test the new system, ensuring it runs smoothly and gathering feedback on any performance or compatibility issues.
This upgrade is part of Pi Network's Open Network strategy, bringing the platform closer to launching its Mainnet. Once the testing phase is complete and all features are validated, Pi Network aims to transition seamlessly to the public Mainnet, marking a new chapter for the project.
Recent Developments
Alongside Node v0.5.0 and Testnet 2, Pi Network has also launched its Pi Influence Program to boost visibility ahead of the Mainnet launch. Additionally, the KYC (Know Your Customer) verification deadline has been extended to November 30, 2024, giving users more time to verify their identities and participate in the network.
What’s Next?
With these developments, Pi Network is inching closer to its much-anticipated Mainnet launch. For users, these updates signal exciting times ahead as the platform prepares to shift from testing to full-fledged operations. If successful, the project’s innovative mobile mining model could offer unique opportunities to millions of users worldwide.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making any investment decisions.

#PiNetwork #PiNetworkMainnet
$PI

Beyond fluctuations in price, there have been important changes inside the #TerraLunaClassic ecosystem that might be rather important for #LUNC✅ going forward. Especially, as we previously noted, the community has decided to burn approximately 46 million #USTC tokens in an effort to lower the stablecoin’s current circulation.

Considered as a strategic action to restore equilibrium in the Terra ecosystem, this plan aims to burn precisely 46.55 million $USTC

through contract migration.

Particularly among $LUNC

holders who see these initiatives as a path towards recovery following the collapse of the #ECOSYSTEM in 2022, the burn event is predicted to have a major effect on market attitude.

Complementing the string of noteworthy events, Terraform Labs—the company behind #TerraClassic —has also come under close attention. According to CNF, following a bankruptcy hearing, the company reportedly got court permission to stop running in September.

Although this legal development marks the end of a turbulent era for Terraform Labs, the Terra Luna Classic community is still active, concentrating on long-term ecosystem rebuilding.

To determine if #BitTorrent ($BTTC ) will grow slowly like a hawk and eventually fly high, several factors and information can be used to evaluate its potential growth:

1. Technology and Use Case

Scalability and Efficiency
➡ BTTC is designed to improve file sharing and decentralized applications. Evaluating how well its technology performs in terms of scalability, speed, and efficiency is crucial. A strong, reliable infrastructure will allow gradual but steady adoption.

Utility and Adoption
➡ The utility of BTTC, such as its integration into various decentralized platforms and how widely it's adopted by developers and users, can significantly impact its long-term growth. Tracking adoption rates and partnerships with major platforms will give insights into its potential.

2. Market Trends and Sentiment

Market Sentiment
➡ Crypto markets are highly influenced by investor sentiment. If market participants believe in BTTC’s long-term potential, it could lead to gradual growth. Monitoring public interest, discussions, and news related to BTTC can offer insight into how much faith investors have in the project.

General Crypto Market
➡ The overall state of the cryptocurrency market is also important. A growing crypto market with increasing institutional interest can create favorable conditions for BTTC to rise, even if it takes time.

3. Partnerships and Ecosystem Development

Strategic Partnerships
➡ If BitTorrent forms partnerships with influential companies or is integrated into significant platforms, it will enhance its credibility and reach. A strong network effect can help fuel BTTC’s long-term growth.

Ecosystem Growth
➡ Assess how well BTTC integrates with other projects in the blockchain space. The more interconnected and valuable its ecosystem, the higher the potential for sustained growth.

4. Community Support and Development Activity

Developer Activity
➡ The level of activity within the development community can be a good indicator of future growth. Regular updates, new features, and improvements suggest the project is actively being developed, which is vital for long-term success.

Community Engagement
➡ A strong, engaged community can provide ongoing support, help spread awareness, and drive demand for BTTC. Communities often sustain projects during slow growth periods, which may result in significant gains later.

5. Regulatory Environment

Regulatory Compliance
➡ Regulations around cryptocurrencies are still evolving. BTTC’s ability to comply with emerging regulations while maintaining its decentralized vision will impact its long-term prospects. If regulations become favorable, this could spur adoption and growth.

6. Risk Management

Volatility and Competition
➡ Cryptocurrency is highly volatile, and BTTC is no exception. Evaluating the competition in the space, such as other decentralized file-sharing platforms, will provide insight into how BTTC can carve out its market share and continue to grow.

Sustainability of Growth
➡ It’s important to look at whether BTTC’s growth is sustainable in the long term. High levels of speculation may result in quick gains, but a steady, organic rise due to actual usage is more sustainable and indicative of future success.

Combining these factors provides a holistic view of BTTC’s potential to gradually grow like a hawk and eventually reach new heights. It's a blend of patience, strategic development, and adaptability to market conditions that can lead to long-term success.

Despite a recent dip, Bonk ($BONK) continues to make waves in the crypto world. Currently trading at $0.00002108, down 6% in the past 24 hours and 16% over the past week, BONK faces headwinds as global markets struggle. Concerns over geopolitical tensions, U.S. elections, and economic uncertainty have pulled down the broader crypto market by 3%. Yet, BONK remains resilient, ranking as the 61st largest cryptocurrency with remarkable gains – up 27% in the last month and over 9,000% in the past year!
Trading Volume Soars 💥
Despite the sell-off, BONK's trading volume has surged to a massive $500 million, signaling strong demand. While the price has pulled back, there’s speculation that BONK could see further downward movement before bouncing back. The RSI has dropped from 70 to around 40, leaving room for potential declines before the token becomes oversold.
Technical Indicators – Time for a Rebound? 🔍
BONK's 30-period average recently fell below its 200-period average, forming a ‘death cross,’ a pattern often seen as a sign of further drops. However, the continued high volume suggests this might be a brief dip before a recovery. Notably, BONK’s largest whale, holding 2.41 trillion tokens worth around $50 million, has stood firm, indicating long-term confidence in the token's potential.
The Road Ahead for BONK 🚀
As one of the top-performing tokens on Solana this year, BONK could be set for a significant rally. If market conditions improve and interest rates ease, analysts predict a potential 380% surge, pushing the price to $0.00010200 by 2025. Could BONK be primed for a breakout? The next few months will be crucial for this high-flying token.
#BONKtoTheMoon #CryptoRally #BullishCrypto #CryptoSignals #BinanceCrypto