Pi Coin's $1 Hike Hinges on Upgrades, Institutional Trust, and Market Timing

Pi Network’s token, Pi Coin (PI), has recently demonstrated signs of a potential recovery, trading at $0.366 as of August 30, slightly above its recent low of $0.3167. The cryptocurrency has experienced a significant drop in market value from nearly $20 billion following its February mainnet launch to $2.7 billion. Analysts believe that several catalysts could drive the price toward $1 in September 2025. A key development is the upcoming v23.01 network upgrade, scheduled for September 3, 2025, which will enhance security, performance, and introduce more open-source elements to the network. This upgrade is expected to make it easier for developers to build and launch applications on Pi Network, potentially increasing the token’s utility and appeal.

Institutional interest is also emerging as a potential driver of Pi Coin’s price movement. Valour, a firm with over $1 billion in assets, became the first to launch a PI ETP in Sweden. This institutional adoption could encourage major crypto exchanges, such as Coinbase and Binance, to consider listing Pi Coin, which may lead to a significant price surge, similar to what has been observed with tokens like Story and Ethena. Additionally, macroeconomic factors, including the potential for interest rate cuts by the Federal Reserve, could benefit Pi Coin by increasing demand for riskier assets such as cryptocurrencies.

From a technical standpoint, Pi Coin is forming bullish patterns on its chart. It has established a double-bottom at $0.3167, a classic sign of a potential price reversal. Additionally, it is in the accumulation phase of the Wyckoff Theory and is forming a falling wedge, which may lead to a breakout to the $1 level. These patterns, combined with improved sentiment and institutional interest, suggest a favorable outlook for Pi Coin in the short to medium term.

Recent market activity has also been a positive sign for Pi Coin. On August 31, the token saw a 5% increase, reaching a three-week high, with trading volume surging by more than 30% to $65.2 million. This upward movement was attributed to new exchange listings, including Valour’s Pi ETP and Swapfone’s PI/USDS trading pair, which increased accessibility and liquidity for the token. Additionally, the easing of supply pressure in September—due to token unlocks being nearly 50% lower than in August—has contributed to price stability and optimism among traders.

Despite these positive developments, Pi Network faces challenges, particularly regarding liquidity and scalability. Analysts note that while the network’s community-driven governance model and v23.01 upgrade enhance its credibility, the token still struggles to attract large-scale institutional adoption. This contrasts with other projects, such as Remittix (RTX), which is being highlighted for its real-world utility in cross-border payments and early-stage fundraising success. However, the potential for Pi Coin to break out of its current price range and reach $1 remains a key focus for investors tracking the cryptocurrency market.

Source: [1] Pi Network price eyes $1 breakout as key catalysts align (https://crypto.news/pi-network-price-eyes-1-breakout-as-key-catalysts-align/) [2] Pi Network Price Jumps 5%: Why Token Price Is Up Today? (https://coinpedia.org/news/pi-network-price-jumps-5-why-token-price-is-up-today/) [3] Why Analysts Predict Remittix Is The Best Crypto To Buy Now Over Litecoin And Pi Network (https://coincentral.com/why-analysts-predict-remittix-is-the-best-crypto-to-buy-now-over-litecoin-and-pi-network/) [4] Pi Network, Polygon, Remittix Or Bonk Coin (https://blockchainreporter.net/which-of-these-is-the-best-crypto-to-buy-today-for-20x-gains-in-2025-pi-network-polygon-remittix-or-bonk-coin/) [5] Best Crypto To Buy Now Is Remittix Over Pi Network & Cardano (https://crypto-economy.com/best-crypto-to-buy-now-is-remittix-over-pi-network-cardano-claim-top-crypto-experts/)