Pi Network v23 Testnet: Stellar Core & Rust SDK Join Together
Pi Network don start active Testnet testing for their protocol v23. The upgrade join Stellar Core v23.0.1 to fast scale and make transactions quick. Dem dey work on Rust SDK wey base on Stellar Soroban to make smart contract deployment easy and attract developers. Di team plan say dem go launch Testnet 2 before dem drop final Mainnet for Q4 2025.
Pi Network native PI token don fall from $3 peak to about $0.2334. E don drop 32% for di past one month with $28 million daily trading volume. Analysts dey yan make dem do buyback or burn programs to make PI price stable. Technical signs show PI dey under mid Bollinger Band and RSI too oversold, meaning say short-term bounce fit happen. Support levels dey for $0.2368 and $0.215, resistance dey $0.249 and $0.272.
Traders suppose dey watch for official talk about KYC and Mainnet migration. If KYC widespread and Mainnet launch smooth, e fit affect PI token liquidity and how e dey go up and down.
Neutral
Pi Network v23 upgrade for Testnet na solid technical progress wey dey support long-term growth prospects. But di project still dey for testing phase and final Mainnet dey scheduled for Q4 2025. Lack of official confirmation and long timeframes dey limit immediate market catalysts. Technical oversold signals fit cause small short-term bounce, but e no go really change PI downward momentum without clear deadlines. Overall, di news balance positive protocol improvements with near-term uncertainty, giving neutral market outlook.