Pi Network Sees Double-Digit Surge Despite Market Dip

Despite the overall decline in cryptocurrency prices, with Bitcoin falling to $112,000 on Tuesday evening, Pi Network’s token has experienced a significant surge of more than 50% since its all-time low recorded during the market crash on October 10. This resurgence brings it closer to its all-time high from February 26, which is still down by nearly 91%. While the official Pi Network Core Team’s announcement focusing solely on user verification numbers hasn’t sparked much of a surge, speculation surrounding the network’s participation in the ISO 20022 standard alongside other influential players like Ripple and Stellar has generated considerable buzz.