Crypto: Pi Network is launching its V23 update … but its course remains frozen!

Despite a major update to version 23 of its protocol, Pi Network is struggling to trigger market enthusiasm. In a sector where each innovation is scrutinized to revive the bullish momentum, the announcement of technical advances inspired by the Stellar Protocol 23 and the integration of new features were not enough to energize the price of its token. This dissonance between technological progress and stock market inertia calls on the capacity of the project to convert its developments into real value.

A major, but discreet technological development

While the crypto has come close to a new collapse followed by a massive leak of investors, Pi Network A announcement On August 27, the gradual launch of its upgrade to version 23 of its protocol, a strategic step built on the basis of the Stellar Protocol 23.

This new version introduces new functionality and control layers for blockchain. The objective is to strengthen the structure of the network while preparing the ecosystem for its future opening to the general public.

The deployment of this update follows a progressive logic. According to official information, the transition follows three stages:

• The testnet 1: already active at the time of the announcement, it serves as an initial test bench;

• A Testnet 2: The next phase planned in the coming weeks, it will enlarge the tests to a second layer of validators;

• The Mainnet: the final step of the switch to version 23 across the entire network.

By integrating the Stellar 23 protocol, Pi Network seeks to strengthen stability, improve scalability and increase inter-chain compatibility. However, despite the extent of the technical site, no significant reaction has been recorded on the market, and communication around the precise migration calendar remains limited.

This relative silence contributes to a mixed perception of the update, which remains for the time being confined to the technical sphere and not very visible in the eyes of the general public.

An inertia of the price revealing skepticism

On the Crypto market side, the observation is clear: the PI price remains fixed at $ 0.34, below its exponential mobile average at 20 days located at $ 0.36, which now constitutes technical resistance.

This configuration reflects an increasing selling pressure which prevents any significant rebound, despite the announcement of the update. Worse, the Chaikin Money Flow (CMF), an indicator of capital flows, is established at -0.11a clearly lowered signal which indicates outputs of funds greater than the entrances. In other words, investors' confidence remains insufficient to revive the upward dynamics.

This technical weakness, coupled with the absence of a powerful narrative catalyst, poses a real risk of return to the historic floor of $ 0.32. If this threshold came to yield, new lower could be reached, further compromising the short -term credibility of the Token.

However, in the event of a reversal of the feeling and a clear crossing above $ 0.36, an upward target around $ 0.40 could become possible. This would imply an inversion of current on-chain data, still far from being started.

This dichotomy between technical progress and inertia of the market challenges the perception of PI Network. The actual adoption of the protocol, the clarity of his Tokenomics, and especially the complete opening of his Mainnet, likely to unlock the bonuses and frozen pi sales, remain as many conditions necessary to hope for a change of trajectory. In the current state, the evolution towards V23 appears as a discreet advance, relevant on the technological level, but also disconnected from the expectations of the Crypto market.