Jakarta, Pintu News – Pi Network is inching closer to the launch of its long-awaited mainnet, and enthusiasm among its community is mounting. The project has just completed upgrading Testnet1 to protocol version 23.
With Testnet2 and the mainnet launch expected to happen soon, attention is now on how these updates may affect the price of the Pi coin.
In that regard, the upgrade is in line with Stellar’s transition to version 23, which allows the balance mapping process to the mainnet to run smoothly. On the ecosystem side, Pi is a major sponsor at the TOKEN2049 event in Singapore, where one of its founders, Dr. Chengdiao Fan, is scheduled to speak.
In addition, the launch of PiOnline, a DeFi farming game on Pi Browser, demonstrates the project’s efforts in expanding network functionality.
These achievements have not only sparked curiosity about Pi Network’s development, but also revived interest in Pi Network’s USD-denominated price, according to a Coinpedia report.
On September 17, 2025, the price of Pi Network was recorded at $0.3553, having corrected 1.1% in 24 hours. If converted to the current rupiah ($1 = IDR 16,427), then 1 Pi Network is IDR 5,836.
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Despite the mild correction, PI trading activity is still relatively active, with daily transaction volume reaching $34,863,279.
In the last 24 hours, the price of PI has moved within a range of $0.3539 to $0.3606, suggesting considerable volatility in the short term. The current market capitalization stands at $2,881,799,590.
Based on Coinpedia’s report, here are some of the reasons that could drive the Pi Network price up.
1. Enthusiasm for Protocol Enhancement:
The Pi community has been buzzing about smart contract features and Linux node support, further strengthening the bullish sentiment towards the project. However, the upcoming launch of 165 million PI tokens could also pose a challenge to price stability.
Learn more about the significance of the newly released Pi Linux Node version https://t.co/N9xIujj97I pic.twitter.com/QUgL2tJyra
2. Partnership Momentum:
Pi Network’s collaboration with AI company OpenMind in September reinforces their vision in Web3 integration, and strengthens Pi’s position in the future technology ecosystem.
3. Ecosystem Growth:
From its presence as a major sponsor at TOKEN2049, to the launch of DeFi farming game PiOnline on Pi Browser, Pi Network has consistently built credibility and expanded real-world utility in the crypto world.
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Reporting from Coinpedia on September 16, the price of Pi Coin was recorded at $0.3597, up 2.68%, with its market capitalization in the range of $2.9 billion.
On the technical front, PI has broken above its 30-day moving average (SMA) at $0.3537, which is supported by bullish signals from the MACD crossover. The RSI also increased from 40 to 53, signaling that selling pressure is starting to ease. This increase came after PI retested the Fibonacci support level around $0.344, where buying interest returned.
A surge in trading activity that surpassed the last 7-day average confirmed recovering demand. However, strong resistance resides at $0.382. If PI manages to close daily above this level, it is likely to resume its rise towards $0.40.
Conversely, if it fails to break out, the price could potentially drop back to $0.344, or even $0.335.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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