Pi Network News: Wallet Updates, What’s Next for PI Coin price

Pi Network News: Update on Wallet Keys, Liquidity Pools and PI Price

What has brought fresh attention to the Pi Network this week? The Pi Network news reveals that the project introduced new wallet updates, stronger private key control, and early tools for future liquidity pools. 

The update comes when its price is under pressure; thus, many users want to know whether the changes will help the project in the long run.

Pi Wallet Now Grants Users Full Control of Their Private Keys

The big update constitutes a new private key feature. Pi Network now allows users to be in full control of their keys without relying on any central service. This brings up true ownership of assets and makes the wallet much safer. With over 47 million users, this change is a major step toward decentralization.

Source: X (formerly Twitter) 

The Core Team also shared that they are improving wallet stability, fixing minor issues, and generally making sure the experience is smoother for everyone. Their goal is to get the ecosystem ready for open mainnet.

Liquidity pools are being built for future DeFi applications.

Another point emphasized in recent crypto news is the work being done on liquidity pools. These shall later assist in token trading, swaps, and other DeFi activities once the network opens fully. Developers also received a new guide explaining how to mint and list tokens on the testnet.

The ecosystem is in its growth process, with the project's Testnet now supporting more than 47 beta dApps. While the community is pretty optimistic, the team is attempting to iron out misunderstandings of its token plans.

Testnet Upgrade Moves Smoothly toward Version 23

Yesterday's update reported that the Protocol Version 23 upgrade is going really well, with an extremely low failure rate even with heavy activity. The next step after this will be upgrading Testnet2 and then starting the mainnet upgrade. What this means is that the project is inching its way to running real smart contracts on its own blockchain.

PI Coin Price Drops Amid Selling Pressure

It is currently trading at $0.216, a decrease of 4.29% in the last 24 hours. The weakness can be attributed to the fact that the broader crypto market is down today by more than 6%.

Source: CMC

Several things are affecting the price:

More Tokens Are Unlocking

Pi Network is releasing 145.7M coins this month and 173M next month. These unlocks increase the supply, and some early users often sell after receiving tokens. This kind of selling has pushed the coin down before, but since October, it has stayed mostly between $0.18 and $0.22, which means some buyers are still active.

Technical Charts Show Weakness

It is trading below key moving averages.

• The RSI is around 44, which is neutral but leaning weak.

• The MACD also shows soft momentum.

• If it cannot move above $0.22–$0.23, the price may fall toward $0.193, which is a major support area.

DEX Launch Brings Both Hope and Fear

Its decentralized exchange will go live on Nov 20–22. Everyone's excited, and many are a bit on edge since the same events in the past brought about a drop in price. Liquidity is also relatively low, and some traders may sell before or after the launch.

Pi Coin Price Prediction 

Short-Term: Currently, the PI coin price can stabilize in the corridor of $0.20-$0.23. If buyers hold the $0.20 level, PI may bounce toward $0.235–$0.245. If it breaks below $0.20, the next support is around $0.193.

Disclaimer: The article is for informational purposes only, DYOR before investing.