The Core Team behind the Pi project has announced a new update for the Pi Node, now upgraded to version 0.5.4. This update brings several improvements aimed at enhancing the overall user experience, including enhancements to the Pi Desktop application.
Concurrently, the protocol’s native token is facing challenges, trading just above $0.20 amidst ongoing market uncertainty.
Pi Node Version 0.5.4 Enhancements
According to the official announcement, the new version focuses on improving reliability, accessibility, the calculation of Node rewards, and addressing issues raised by the Pioneer community. A notable fix resolves the Pi App Studio display issue, where deployed apps were not previewing correctly.
This correction is a follow-up to a previous update that moved the Pi App Studio icon to the top navigation bar in Pi Desktop, positioning it alongside the Pi mining app and Node. Previously, it was located within the Utilities tab of the Pi mining app.
With the introduction of version 0.5.4, the Pi Node application, now referred to as Pi Desktop, will support opening approved external links. This functionality will enable users to access blog posts, resources, and updates linked from within the app and Pi App Studio, thereby preventing potential application crashes when encountering external links.
The latest version also rectifies several bugs reported in earlier iterations, including issues related to Node mining rewards, automatic updates, and block container creation. Furthermore, the team has implemented a new open port verification mechanism:
The Node now includes an improved system for tracking open ports on Pioneers’ Nodes. This update allows for more reliable and secure Node bonus calculations. It’s also an essential step towards the larger goal of enabling the migration of Node mining rewards.
PI Price Performance and Outlook
The project's native token experienced a significant rebound towards the end of October, surging from approximately $0.20 to nearly $0.30. However, this short-lived relief rally was followed by a market-wide correction that pushed the price lower as November began.
Despite the downturn, PI has managed to maintain its position above the critical support level of $0.20, currently trading close to $0.22. This price represents a 26% increase from its all-time low recorded nearly a month ago, though it remains 93% below its all-time high from late February.
The average number of PI tokens scheduled for unlocking in the upcoming month has seen a slight increase, moving from 4 million to just over 4.5 million. This potential influx of tokens could introduce additional selling pressure if holders decide to liquidate their assets promptly.
