Recently, the price of Pi Coin has faced significant selling pressure, reaching a new all-time low. Despite this downturn, experts are optimistic about the coin's long-term potential and discuss possible upgrades.
Is a Major Upgrade Looming for Pi Network?
Pi Network has become a hot topic, particularly due to its declining price in recent weeks. Nonetheless, many market pundits remain optimistic about the long-term trajectory of Pi Coin value. Speculations about major upgrades for the network have gained traction, especially in light of discussions surrounding the upcoming Stellar upgrade.
How Pi Network Can Bypass Intermediate Versions
Renowned Pi community expert Dr Altcoin provided insights into the possibility of a significant protocol upgrade. According to him, it is technically feasible for the Pi Core Team to skip intermediate versions and jump directly to Protocol 23, although this would require integrating critical changes from versions 20 to 22 into a single update. He also emphasized the need for rigorous testing to ensure stability.
Domain Auction Deadline Extension Sparks Speculation
The deadline extension for the .pi domain auction from June to September has sparked discussions among traders. Dr Altcoin suggested that this delay could be linked to the upcoming Stellar Protocol 23 upgrade, which is set for a mainnet vote on September 3. This strategic move by the Pi Core Team might allow them to launch .pi domains on a stronger, more optimized infrastructure.
While Pi Coin has hit a new low, experts continue to express optimism regarding the future updates of the network. If successful, these upgrades could positively impact the value of Pi Coin.
