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Stellar (XLM) Protocol 23 Upgrade Could Be the Lifeline for an Ailing Pi Coin (PI)

2025-08-07 08:19:25

Stellar (XLM) Protocol 23 Upgrade Could Be the Lifeline for an Ailing Pi Coin (PI)

Main Idea

The Stellar (XLM) Protocol 23 upgrade could potentially revive the Pi Network by enabling a direct upgrade from Protocol 19, with key developments like the .pi domain auction being strategically delayed to align with the upgrade.

Key Points

1. The Pi Network may upgrade directly from Protocol 19 to Protocol 23, skipping intermediate versions, leveraging Stellar's upcoming upgrade to enhance its functionality.

2. The .pi domain auction has been postponed from June to September, likely to align with Stellar's Protocol 23 mainnet vote, ensuring a more robust and scalable launch.

3. Technical analysis suggests a potential bullish reversal for Pi (PI) if it breaks above the $0.353–$0.368 resistance zone, possibly rallying to $0.40–$0.42.

4. The Pi Core Team's $100 million ecosystem fund and technical capabilities make a direct upgrade to Protocol 23 feasible.

5. Market indicators like RSI, MACD, and CMF show mixed signals, with the Accumulation/Distribution line flattening, indicating a possible slowdown in sell-off pressure.

Description

Pi Coin is attempting a breakout from a bullish falling wedge after hitting a new all-time low. Market expert Dr Altcoin suggests Pi could skip intermediate upgrades and jump directly to Protocol 23. If Pi breaks above $0.368 resistance, a short-term rally to $0.40–$0.42 may follow. Pi Coin has been reeling under intense selling pressure over the past few weeks, with the price plunging to a new all-time low of $0.335 in the last 24 hours. However, despite the grim short-term outlook, market obse...

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Market Market News News Price Analysis Altcoin News Pi (PI) Stellar (XLM)
$PI
$0.4539
+18.98%
$BTC
$116606.3
+0.01%
$ETH
$4285.52
+6.62%
$XLM
$0.44689
-0.86%

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