Pi Network’s Version 20 Upgrade: Pi Coin Soars and Then… Flops 😬

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So, Pi Network just gave its blockchain a little makeover, upgrading to version 20. 🎉 But wait-before you get too excited-it’s still running on a testnet! 🧐 And guess what? The whole thing will slowly evolve to version 23. No rush, right? 😆

version 23! 🚀

  • Pi coin had a little boost, jumping by 10% thanks to the upgrade. But, spoiler alert: it couldn’t hold on to the hype. 😬

    • Dr. Altcoin, Pi Network’s ever-optimistic spokesperson, tweeted about the upgrade mid-September, announcing that it was time to say goodbye to version 19 and hello to 20! 🎊 Though, for some reason, Pi’s core team didn’t really shout this from the rooftops. But no worries, the traders caught on, and boom-Pi coin (PI) jumped 10% in a day! 💰

    Meanwhile, a snazzy YouTube video posted earlier on September 5 made it all sound so fancy, saying the blockchain is preparing for a step-by-step upgrade all the way to version 23. Oh, and this might include some system outages-don’t worry, you’ll be warned. 🙃

    The new protocol? Well, it’s custom-built, with a little inspiration from Stellar (because why not?). The upgrade promises more functionality, but here’s the kicker: it’ll include KYC (Know-Your-Customer) authority! What does that mean? More control for users, but don’t get too comfy just yet. The KYC process is about to get decentralized. Yikes. 😅

    Basically, while Pi’s current KYC system verifies users, soon other trusted entities will be allowed to assign KYC authority. It’s like a KYC free-for-all. 😏 And as for Pi’s numbers, they’re pretty impressive-14.28 million KYC-verified users! But hey, who’s counting? 🙄

    Pi Network Price Analysis

    Alright, let’s talk Pi coin’s price. After going through a rather boring consolidation phase (aka sideways trading at $0.345), Pi coin decided to get a little sassy. 💅 On September 12th, the upgrade kicked things off and-*boom*-prices surged almost 10%, hitting $0.380! 🎉

    But, alas, it wasn’t meant to last. 😔 After reaching that sweet peak, sellers swooped in and sent it right back to $0.347. Looks like the excitement couldn’t stick around. The market’s got commitment issues. 😬

    The price drop? Well, it’s a classic case of not enough buy pressure to keep the party going. The Relative Strength Index (RSI) plummeted from over 70 (overbought) to below 40 (bearish), confirming that the hype is fading fast. 🧐

    At the moment, PI is back to its cozy $0.348, which is now the new support. If it falls below, Pi coin might tumble back to the $0.340-$0.335 range. Oh, the drama! 😱

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    2025-09-15 15:31