Pi Coin prices demonstrate growth following a quiet period, attributed to new market events and protocol updates.
Listing on Swapfone
On August 25, Pi Coin was listed on the new regulated exchange Swapfone, opening PI/USDS trading pairs. This event was accompanied by a small airdrop, generating interest and speculation among traders. The mobile-focused listing aligns well with Pi's user base.
Protocol Updates
On August 29, Protocol v23 went live, adding Linux node support and KYC enhancements. These changes will aid the project in moving towards greater decentralization. The Pi team highlighted the importance of this release as a response to community requests on Twitter.
Short-Term Price Forecast for Pi Coin
Currently, Pi Coin prices sit just below $0.39, with focus on the resistance level at $0.40. A breakthrough at this level could lead to a rise towards $0.42-$0.45. Support is also observed at $0.35, which plays a crucial role in the present market structure.
The recent market changes, including the new listing and protocol updates, contribute to a growing interest and activity surrounding Pi Coin. The upcoming price levels will be significant indicators of future trends.
