Monitoring Pay Network Prices: Are September Upgrades Driving Pay Towards a Bullish Launch?

Recently, there has been much talk about the prices of the Pi Network (, especially the anticipated updates in September, the opportunities for a bullish breakout on one hand and the potential risks on the other. In this article, we will discuss several aspects related to the topic, so let's go:
💥Firstly: The anticipated updates, there are expected to be developments and updates in the Pay Network )PI / Pi Network( including:
Protocol Release 23 )v23( has upgraded Testnet1 to protocol v23, which is the final step before transitioning to Mainnet. )CoinCentral(, this upgrade aims to improve performance, stability, transactions, and the system's infrastructure. )CoinCentral( It is known that protocol 23 enhances support for smart contracts )smart contracts( through structures derived from Stellar protocol 23. )Mitrade(
Integrating KYC "Know Your Customer" into the protocol and on-chain ) KYC(, there are updates indicating that the identity verification process will be integrated into the protocol itself, rather than being an external service. )AInvest(, this assists in regulatory compliance, especially if the network starts targeting European users or institutions restricted by regulations like MiCA and others. )AInvest(
Linux Node release ) has been issued a version of the network node (Pi Node) that runs on Linux, in addition to supporting Windows and macOS. (FXStreet) This expands the number of users capable of running nodes, improving the decentralization and strength of the network. (FXStreet)
Additional updates in terms of stability and scalability improvements in transaction processing (throughput) in the Testnet, and improved infrastructure response under load. (CoinCentral), as the development team is gradually testing the network to minimize risks when transitioning to Mainnet. (CoinCentral)
Accompanying market factors: The unlocking operations of (unlock) for the tokens (tokens) in September are expected to be significant, which may increase selling pressure. (AInvest)
There is a launch of trading products linked to Pi in Europe, such as ETPs, which could bring institutional liquidity and more demand. (CoinCentral)
💥Do the updates lead to a bullish breakout?
To evaluate whether these updates are sufficient to initiate a bullish wave, the following factors can be considered:
Strong technical update: The entry of smart contracts and system support through Stellar v23, along with the expansion of operating systems and support for nodes on Linux, significantly colors every promising platform before transitioning to full usage. These factors are typically considered strong catalysts in the cryptocurrency market if implemented effectively and without obstacles.
Regulatory Compliance: Implementing on-chain KYC is an important step in a stringent legislative environment in Europe and elsewhere; many investors and institutions prefer assets that demonstrate the ability to comply rather than face legal risks.
Reducing selling pressure from the unlocking of tokens (token unlocks) if it is below expectations contributes to supporting the price, as one of the main factors that restrains the rise in similar projects is the amount of tokens that are suddenly released into the market.
Institutional or quasi-institutional interest through tools such as ETPs enhances liquidity and brings more sustainable demand in the medium to long term.
💥The risks that may hinder the ascent or cause a correction
Large token unlock events: Even if they are below expectations, unlocking large amounts of tokens can create strong selling pressure, especially if there is no concurrent demand to absorb the new supply.
Delay in execution or technical obstacles: Upgrading from Testnet to Mainnet is often accompanied by issues – bugs, outages, or poor performance under stress – any of which can reduce investor confidence and lead to a price decline.
💥Is there a potential "bullish breakout"?
I believe it is likely that technical and regulatory updates establish an upward opportunity, especially if these factors come together:
Smooth execution of the full update (Mainnet).
A decrease in token opening or organizing operations so as not to cause a sudden sell-off pressure.
The influx of new liquidity from institutional investors, or the emergence of regulated trading instruments like ETPs in Europe (.
More media attention and trust from users and developers
🌹Note: However, a "strong and sustainable upward momentum" is not guaranteed, and the movement may remain upward in the short to medium term with the possibility of corrections or strong fluctuations.
🌹Summary: If the network adheres to its plans and successfully implements them smoothly, we may see tangible increases, but expecting a "big and immediate jump" may be an exaggeration unless there is a strong external factor supporting it, such as a major partnership or a sudden institutional demand ).
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