Pi Network Price Nears $0.10 Ahead of Protocol v27 Upgrade
The Pi Network's price has surged above $0.097, nearing its psychological barrier of $0.10 after gaining nearly 10% over the past month.
As traders watch for a September 15 network upgrade to Protocol v27, the broader crypto market remains in a range despite rising US inflation and expectations of a Federal Reserve rate hike.
The Pi Network's upcoming upgrade will bring more liberal smart contract authentication capabilities, allowing for more complex transaction approvals and services by developers.
However, experts warn that the future gains of the Pi Coin may depend on wider market conditions, as an increase in rates could undermine interest in risky investments.
To trigger a rally above $0.12, Pi Network price needs to sustainably move above its current level and break through intermediate resistance points at $0.105, $0.11, and $0.12.