Pi Network’s Testnet Upgrade Introduces New features,But Price Remains Stagnant
Pi Network’s price hovered around $0.2735 on October 1, despite the developers unveiling new features on the testnet. This price is substantially lower,about 90% below its all-time high,indicating ample losses for investors.
The latest upgrade includes a decentralized exchange and automated market maker tools. These features allow developers and users to experiment with token swaps, liquidity pools, and other decentralized finance tools. The developers also introduced parallel processing and live state prioritization, aligning with Stellar’s Protocol 23.
However, the price remained muted. The ongoing developments haven’t addressed core challenges like high inflation due to token unlocks and centralization by the pi Foundation. These issues likely explain why many exchanges have avoided listing Pi.
- New decentralized exchange and AMM tools on testnet
- Parallel processing and live state prioritization features
- High inflation and centralization remain unresolved
Technically, pi Coin’s price has formed a bearish flag pattern, suggesting a potential drop to $0.20. A move above $0.3300 would negate this bearish outlook.For more insights, check the Pi Coin price chart.
