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Pi (PI) has experienced one of the most dramatic drops among cryptos valued at over $1 billion as its year-to-date losses climbed to 80% recently. Combined with a strong decline in trading volumes, this favors a bearish Pi Coin price prediction. PI is, by far, the worst-performing asset of the top 40 cryptos in the past 30 days with a 26% loss, while other tokens with similar market caps like Mantle (MNT) and Ondo (ONDO) have delivered gains of 53% and 16% respectively. Data from CoinMarketCap shows that trading volumes for Pi have declined severely, moving from a recent peak of $140 million on August 2 to just $43 million yesterday. This 70% drop in trading activity occurred as Pi made a new all-time low of $0.335. Pi’s negative momentum has accelerated lately at a point when most cryptos are rallying. This antagonist performance is the result of disappointing ecosystem growth initiatives that have led to a disgruntled community. Delays in token migrations to the public mainnet and failing to secure top CEX listings by the Pi Core Team have undermined the project’s credibility and favor a bearish Pi Coin prediction. Pi Coin Price Prediction: PI Seems Poised to Retest Its All-Time Low as Willing Buyers are AWOL The 4-hour chart shows that PI broke below a key trend line support on August 1 with some strong volumes. During that specific 4-hour period, the price made an all-time low of $0.3220. Although it rapidly bounced off that level, it has been progressively moving toward that area again and could soon retest it. In the absence of good news, little seems to stand in the way of PI to hit that all-time low again. The Relative Strength Index (RSI) has flat-lined just above the 30 threshold, meaning that negative momentum is at a high point. Even if the price bounces off $0.3220, low trading volumes indicate little to no interest from buyers to buy the token at these levels. Hence, the price may need to move even lower to find willing buyers. Only an unexpected listing at a big CEX could save PI from collapsing to $0.10 or even lower at this point. PI failed to capitalize on the latest wave of positive momentum that cryptos have experienced, but top crypto presales like Bitcoin Hyper (HYPER) have done the opposite. In just a month or so, this project has raised more than $7 million to launch its ambitious Bitcoin L2 chain. Bitcoin Hyper (HYPER) Could Kickstart a New Era for BTC’s DeFi Ecosystem Bitcoin Hyper (HYPER) is a Solana-based layer-2 chain that will allow BTC holders to earn passive income on their assets by bridging the two networks. The Hyper Bridge will act as the gateway to a growing DeFi ecosystem powered by the Bitcoin Hyper L2. A canonical Bitcoin address will be designated to receive BTC tokens so users don’t have to transfer their assets out of this network. Once the origin transaction is confirmed, the corresponding amount of tokens will be minted on the Hyper L2 with near-instant finality. As top wallets and exchanges embrace this protocol, the demand for its utility token, $HYPER, will skyrocket. To buy $HYPER at its discounted presale price and reap the highest returns, head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT, SOL, or ETH for this token or use a bank card to invest. Click Here to Participate in the Presale

Pi Coin price has faced massive selling pressure lately, falling to a new all-time low in the last 24 hours. However, despite the plunge, market pundits have remained optimistic on the long-term trajectory of the coin. Besides, the upcoming Stellar upgrade has also sparked discussions over a potential upgrade for Pi Network, given its shared infrastructure with the former platform. Amid this, a Pi community expert has hinted at a major upgrade for the project, gaining market attention. In addition, the expert has also shared key reasons behind the delay in the .pi domain auction from June to September. So, here we explore the recent developments and see their potential impact on Pi Coin value in the near future. The Pi Network has been one of the hottest topics in town, especially due to its declining price over the past few weeks. However, despite the short-term woes, market pundits remain bullish on the long-term trajectory of Pi Coin value. Notably, speculations over a major Pi Network upgrade have gained traction, especially as discussions soared over the upcoming Stellar upgrade. Considering the shared infrastructure of Pi Network and Stellar, experts hint at a looming upgrade for the former project. Here’s How Pi Network Can Bypass Intermediate Versions Renowned Pi Community expert Dr Altcoin has shed light on the possibility of a significant protocol upgrade. When questioned about the probability of Pi Network’s protocol advancing sequentially from version 19 to versions 20, 21, and 22 or jumping directly to version 23, the expert provided valuable insight. According to him, it is technically possible for Pi Core Team to bypass intermediate versions and upgrade directly to Protocol 23. However, he noted that this would require introducing all critical changes from versions 20 to 22 into a single update. Meanwhile, Dr Altcoin also highlighted that rigorous testing is required to ensure stability, especially considering major shifts like Soroban smart contracts and full Web3 infrastructure integration. However, he has cited key reasons that back his prediction. For context, he noted that Pi Core Team’s technical expertise, access to expert networks, and the backing of a $100 million ecosystem fund make it possible for a direct jump to Protocol 23. The deadline extension for the .pi domain action from June to September has also sparked discussions among traders. Shedding light on the matter, Dr Altcoin said that the delay could be “tied” to the Stellar Protocol 23 upgrade. The Protocol 23 upgrade is set for a mainnet vote on September 3, and as Pi Network is built on Stellar-core, this upgrade would benefit PI in the long run. Having said that, the expert believes that the delay in the .pi domain auction is a strategic move by the Pi Core Team. For context, he said that the team might be waiting for the Stellar upgrade. It would allow them to launch .pi domains on a stronger, scalable, and more web3-optimized infrastructure. Pi Coin Value Hits New Low, Can it Recover? Pi Coin value has touched a new low of $0.335 in the last 24 hours, while resting at $0.34 during writing. However, the relative strength index (RSI) of the asset, at 36, hints that the crypto might be approaching an oversold territory. Pi Network Price Action | Source: TradingView In other words, it might help in a strong recovery for the crypto ahead. In addition, the token unlocks will also cool from the September start, which might also boost the Pi Coin value in the near future. Meanwhile, commenting on the recent dip in Pi Coin value, Dr Altcoin said that it gives more opportunity for traders to enter at a lower price. Besides, given his confidence in the long-term potential of the asset, he said that he will continue to invest in Pi Network, even if it witnesses a further dip ahead. Considering that, it seems that Dr Altcoin is betting heavily on the future trajectory of the coin. However, investors should do thorough research before entering the market during this volatile phase. The post Pi Network’s Big Upgrade? All You Need To Know appeared first on The Coin Republic.