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, starting as soon as next month.
Lower borrowing costs could stimulate new inflows into risk assets like cryptocurrencies, reviving altcoin season sentiment.
Stellar Protocol 23 Could Address Pi Network’s Biggest Limitation
Steller is set to deploy the latest version of its Protocol in September. This upgrade could benefit Pi Network, which is built on the Stellar Consensus Protocol and its core infrastructure.
While Pi Network infrastructure currently runs on the outdated Stellar Protocol 19, Pi community member Dr. Altcoin argues that Pi could skip intermediate upgrades and go directly to 23.
The upgrade could bring enhancements such as faster transaction speeds, smart contract capabilities via Soroban, and bridging to other blockchains.
Collectively, these enhancements make the Pi blockchain a more attractive platform for building, contributing to a thriving ecosystem and wider use case for ADA as a utility token.
The Pi ecosystem continues to struggle with adoption. Its price action remains largely speculative, lacking a meaningful use case to sustain long-term growth.
This has also opened the door to liquidity issues, with short-term speculative trading amplifying inflationary pressure as PI token unlocks continue at an average rate of $2 million per day.
PI token unlocks over the next 30 days. Source: Piscan.
Pi Coin Price Analysis: Is This a 100x Setup for Pi Network?
While the upgrade remains speculative without confirmation from the Pi Core Team, its market-warming effect could help PI recover from its recent falling wedge breakdown.
PI / USDT 4-hour chart. symmetrical triangle pattern. Source: TradingView, Binance.
The altcoin has found a new floor near the 1.618 Fibonacci extension at $0.3215, forming a symmetrical triangle that could soon set it on the recovery path.
The apex nears, and momentum indicators show building bullishness. The RSI has reclaimed the neutral line, indicating buyers are regaining control.
More so, the MACD is widening its lead on the signal line after narrowly avoiding a bearish crossover, suggesting a short-term uptrend with staying power.
Should a breakout unfold, the triangle projects a short-term target around $0.42, reclaiming a previous strong support zone around $0.40.
With it, the PI coin price could push to retest past resistance at $0.52 and $0.65, marking a potential 81% gain from current levels.
While Stellar Protocol 23 could give Pi Network the framework for a broader reversal, real momentum will depend on long-term builder onboarding and ecosystem expansion.
A sharp parabolic move, such as a 100x rally, would likely require a significant catalyst for new demand, like a tier-1 exchange listing to unlock major retail demand.
Pi Network Might Not See the Biggest Bull Run Gains
Pi coin price remains largely speculative without a thriving ecosystem to anchor its value, low-cap meme coins like TROLL are posting 2x gains in a single day.
On the speculative scene, attention is what attracts fresh retail flows. Few see as many tokens sharing the Doge brand. The last bull run saw Neiro; this one saw Dowge.
Now, speculators are watching closely for the next coin to carry the torch, and Maxi Doge ($MAXI) is emerging as a frontrunner.
Built around this cycle’s biggest meme coin narrative, “mission coins,” it embraces a no-utility ethos.
Maxi Doge fuses gym-culture satire with trader degeneracy, presenting itself as more than just a meme coin, it’s a lifestyle asset.
The community is already growing and fast, raising over $500,000 in its initial presale weeks as its earliest holders are rewarded by a high APY on staking, currently at 586%.
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