Pi Network Price Recovery Hinges on Upcoming Protocol Upgrade

The Pi Network's PI token has shown signs of stabilization after a sharp decline last week. Despite being down over 20% in the past seven days, PI has gained about 6% in the past 24 hours and is currently trading at around $0.0779.

The project's upcoming Protocol v25 upgrade on July 22 has given traders a fresh catalyst to watch. The upgrade aims to improve network stability, reliability, and privacy-focused smart contract capabilities.

With the addition of BN254 cryptography and Poseidon hashing, developers will be able to build zero-knowledge applications that can process sensitive information without exposing underlying data on public records.