Pi Network, the
tap-to-earn cryptocurrency that has attracted millions of users worldwide, is back in the spotlight after a volatile month for its PI token. Excitement is building due to the network’s latest v23 upgrade and a new partnership with Sign Protocol, an Ethereum-based digital ID platform.
Cryptoanalysts, including Dr. Altcoin, believe this deal could pave the way for Pi’s potential listing on top-tier exchanges like
Binance. Here’s why this is generating buzz in the crypto community.
Sign Protocol partnership: A gateway to Binance?
Pi Network’s collaboration with Sign Protocol focuses on secure, privacy-focused digital identities. This not only strengthens Pi’s technical backbone but also opens the door to new Web3 applications and cross-platform opportunities.
This partnership is even more notable because Sign Protocol recently raised $16 million from Binance’s venture arm, YZi Labs. Experts like Dr. Altcoin consider this a strong indication that Pi could soon join Binance’s exchange lineup, providing the PI token with greater liquidity and wider visibility.
v23 Upgrade Boosts Confidence
Pi Network isn’t just relying on partnerships. Its v23 upgrade, based on Stellar Core 23.0.1, features AI-powered KYC and improved node operations. These improvements aim to make the network faster, safer, and more efficient for its 60 million active miners.
Further adding to this momentum, Pi Network founder Dr. Chengdiao Fan is scheduled to speak at TOKEN2049 in Singapore this October, highlighting the network’s growing recognition in the Web3 space.
My Opinion About Pi Network:
Pi Network is a mining app that I’ve been using since 2023. I’ve noticed that the Pi Network team is working to become fully decentralized, but sometimes, like in the future, Pi also becomes fully decentralized.
PI Token Price Outlook
Currently, PI is trading around $0.27, up 2.4% after falling below the crucial $0.30 level. The Relative Strength Index (RSI) is at 27, indicating significant selling pressure but also indicating a potential short-term bounce.
Analysts have identified immediate resistance at $0.30-$0.32. A strong break above this range could push PI to $0.36-$0.38. On the downside, solid support exists at $0.25, and if it breaks, further declines to $0.22 are possible.
If the Sign Protocol partnership leads to a listing on major exchanges like Binance or Coinbase, experts expect both quick profits and long-term stability for Pi Network.