Pi Network: Preparing for a $1 Leap in september
Pi Network‘s price might hit $1 in September.Several factors are behind this potential surge.
Pi Coin (PI) trades at $0.366 today. However, its market cap has fallen dramatically from $20 billion post-mainnet in February to just $2.7 billion.
Two powerful forces could drive Pi’s value up:
- A key network upgrade.
- Growing interest from big players.
Pi Network will soon embrace:Stellar’s Protocol 23. Pi’s consensus will get upgraded from 19 to 23. This change lets developers create adn release apps easily on Pi Network.
And here’s another plus: The upgrade will allow the know-your-customer (KYC) process to be decentralized. Essentially, it allows community control over authentication.
Also, institutional investors like Valour are now stepping in.Valour launched a PI ETP in Sweden—holding over $1 billion in assets. Such adoption could attract exchanges like Coinbase and Binance.
Technical analysis supports a rise too. The price chart reveals a double-bottom at $0.3167. It has also formed a falling wedge pattern, which could lead to a leap past the $1 mark.
Additionally, pending Federal Reserve interest rate cuts may boost riskier assets, placing Pi in favorable territory.
