What to Know:
- Pi Network moves closer to Mainnet with phased upgrades boosting security and smart contract readiness.
- Partnerships with OpenMind and Token2049 gold sponsorship highlight global ambitions.
- PI trades steady above moving averages, showing resilience despite modest volumes.
PI coin saw a modest but important lift over the last 24 hours, rising 3.16% and leaving the broader crypto market’s 0.21% gain far behind. For Pi holders, this marks another sign that the project is gaining traction again after a bumpy few months. Pi is facing a “make-or-break” September, but the latest updates suggest the network is trying hard to position itself for long-term growth.
Protocol Upgrade Progress
The biggest driver behind Pi token’s latest price movement is progress on its long-awaited network upgrades. On September 14, Pi’s Testnet advanced to protocol v22, part of a phased rollout toward v23. The Pi Core Team says that these updates make things more secure, better prepared for smart contracts, and more compatible with Stellar Core v23.
They get the network ready for new features like DeFi tools and more exchange listings. When milestones like these get closer, investors usually react positively. In July, there was a similar spike when Pi Network released new AI tools for its Pi2Day event. The token went up 15% in just a few days. The next big test will be how quickly developers begin to adopt v23 features and whether Pi can move closer to a smooth Mainnet migration.
Ecosystem Growth and Token2049 Spotlight
Beyond technical progress, Pi Network is also working to expand its ecosystem. Earlier this month, the project announced a new partnership with OpenMind, an AI and Web3 collaboration aimed at bringing smarter tools and more real-world use cases to Pi’s network.
But perhaps the biggest spotlight is coming later this month. Pi has confirmed it will be a gold sponsor at Token2049 in Singapore, one of the most important events on the global Web3 calendar. Pi Network leaders will speak on stage, highlighting the project’s push for visibility and legitimacy. Token2049 exposure could be a big step toward getting more serious about the token, even though it is still missing from big exchanges like Binance and Coinbase.
Pi coin has also recently been listed on the Valour Sweden Stock Exchange and teamed up with TransFi to add fiat on-ramps, which makes it easier for new users to join the ecosystem. Compared to listings on global exchanges, these are small steps, but they show that Pi is working hard to grow.
Technical Picture: Neutral but Stable
At the time of writing, PI coin trades around $0.356, sitting above both its 7-day and 30-day simple moving averages. Its short-term RSI (54.23) suggests the coin isn’t overheated, and analysts point out that Pi coin price could be consolidating before a possible breakout. Resistance sits near $0.372, while support is seen around $0.344.
In plain words, the Pi token is holding steady. It’s not yet in full “bull run” mode, but it’s also avoiding the deeper slides that have affected many other mid-cap tokens.
Challenges Still Ahead
The most recent upgrades and partnerships are good news, but Pi’s journey is still full of risks. Pi Network still has questions about liquidity, availability of exchanges, and long-term demand, as has been reported. The daily trading volume is still low at about $42.8 million, which is a small amount compared to its $3 billion market cap. This means that it could go up or down if big holders decide to sell.
Timing is also an issue. Pi Network has promised improvements and progress on the mainnet before, but its community has been upset by delays. For a lot of Pioneers, the big question isn’t whether Pi has potential, but whether the project can finally deliver on its long-promised ecosystem on a large scale.
What’s Next
The next big event, Token2049, could be a turning point for the Pi Network. The recent price rise could be just the beginning of a bigger move if the project can get more developers, investors, and partners to believe that its upgrades are real and its ecosystem is growing.
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