Pi Network Price Outlook Ahead of Protocol 23 Launch

The Pi Network's price remains under pressure due to recent declines, but the upcoming Protocol 23 launch on May 11 is expected to bring significant upgrades to the network. The Core Team has announced that the implementation of Protocol 23 will force all node operators to migrate by May 15, bringing native smart contract functionality and potentially expanding the ecosystem with decentralized applications and real-world applications.

The upgrade is seen as a key step in enhancing the utility of the network and adoption in the long term. However, the process may be more complex than previous upgrades, requiring technical changes to node software or data stored. Node operators are encouraged to start the process early to avoid last-minute problems.

Market sentiment is also affected by speculation of additional exchange listings for Pi. The token already has a listing on Kraken, and market observers believe that further listings may enhance liquidity and visibility.