Pi Coin Set for Potential Price surge to $1 This September
Pi Coin (PI), currently valued at $0.366, may reach $1 by September due to upcoming network enhancements adn rising institutional interest.
Following its February mainnet launch,Pi Network saw its market cap drop significantly from almost $20 billion to $2.7 billion. Despite this, promising factors suggest a price rally ahead.
The pi Network is gearing up for a pivotal upgrade tied to Stellar’s protocol 23 movement. This update will transition Pi from version 19 to 23, ushering in new features. A key highlight is the decentralization of KYC procedures later through community governance. Moreover, this upgrade simplifies app progress and deployment on the Pi Network.
- Institutional involvement adds fuel to the fire; Valour,managing over $1 billion,is backing a PI ETP in Sweden.
- Future exchange listings by giants like Coinbase or Binance could drive buying frenzy.
Beyond upcoming upgrades, Pi’s price gets a boost from solid technical indicators. The daily chart reveals a double-bottom pattern forming around $0.3167, a classic signal for a price shift. adding strength is the wedge formation on the chart,suggesting pent-up demand leading to a possible $1 spike—an 180% increase.
With these factors aligning, Pi Coin appears poised for a notable price recovery this September, making it an asset worth watching closely.
