Pi Coin Price Prediction: Stellar Protocol 23 Upgrade Coming Soon – Is Pi Network Finally About to Explode 100x?
Main Idea
The article discusses the potential impact of the upcoming Stellar Protocol 23 upgrade on Pi Network's price, suggesting a possible rally, while also analyzing technical indicators and market conditions.
Key Points
1. Pi Network could benefit from the Stellar Protocol 23 upgrade, set to go live in September, potentially leading to a major price rally.
2. The altcoin is currently trading around $0.35, down 88% from its all-time high, but market conditions may be shifting in favor of risk assets.
3. Pi Network infrastructure currently runs on the outdated Stellar Protocol 19, but there is speculation it could skip intermediate upgrades and move directly to Protocol 23.
4. Technical analysis shows Pi Network forming a symmetrical triangle pattern, with potential short-term targets around $0.42 and longer-term targets at $0.52 and $0.65.
5. A 100x rally for Pi Network would likely require a significant catalyst, such as a tier-1 exchange listing, to unlock new demand.
Description
Pi Network may be laying the groundwork for a strong comeback, as a potential migration to the latest Stellar Protocol version adds fuel to a bullish long-term PI coin price outlook . The altcoin hovers around $0.35, down 88% from its all-time high as inflation outweighs demand, but that could change as September shapes up as a prime platform for growth. This macro backdrop is starting to shift in favor of risk assets. Speculators now expect up to three rate cuts before the end of the year, star...
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