Pi Network Eyes Revival as Stellar Protocol 23 Upgrade Approaches

Pi Network, currently trading around $0.35 and down 88% from its all-time high, may be poised for a significant turnaround. The upcoming stellar Protocol 23 upgrade, scheduled for September, could address key limitations in Pi Network's infrastructure, fueling a bullish long-term outlook for the PI coin.

Market conditions are shifting in favor of risk assets, with speculators anticipating up to three Federal Reserve rate cuts by the end of 2025. Lower borrowing costs could stimulate fresh inflows into cryptocurrencies, potentially reviving altcoin season sentiment.

The Stellar upgrade, which includes a testnet reset on August 14 and a mainnet vote on September 3, may provide the technical foundation Pi Network needs to regain momentum. As the macro environment becomes more favorable, PI's current price level could represent an attractive entry point for investors betting on its recovery.