Pi Coin Today News: Pi Network aims to enter the AI and tokenization sector with the PiUSD stablecoin. Can this transformative upgrade rescue it from a 95% fall?

Dr. Altcoin, a senior community member of Pi Network, recently proposed that the launch of Pi Network's own stablecoin PiUSD could be a game changer in the fields of artificial intelligence (AI) and asset tokenization. He believes that PiUSD will help build a machine-to-machine (M2M) economy and enhance the ecosystem's liquidity and utility. Meanwhile, the price of Pi coin has corrected 95% from its historical high, currently hovering around 0.209 USD, and the market is expecting the core team to rebuild community confidence through the upcoming Protocol 23 upgrade and practical utility features.

Expert Interpretation: How PiUSD Leverages AI and M2M Economy

Dr. Altcoin believes that the launch of the PiUSD stablecoin is not only a tool for enhancing Pi Network's Liquidity but also a key step in its advancement into the next generation of smart economy.

· Empowering the AI and Robotics field

Dr. Altcoin believes that Pi Network may launch its own stablecoin PiUSD, which will be “transformative” for the fields of artificial intelligence and robotics.

His comments coincided with the recent launch of Pi DEX and AMM (Automated Market Maker) testnet by Pi Network, aimed at enhancing overall utility.

It points out that the stablecoin supported by Pi will enable seamless transactions among humans, AI entities, and autonomous robots within the Pi ecosystem.

· Build a machine-to-machine (M2M) economy

Dr. Altcoin believes that this will be a key step in building a machine-to-machine (M2M) economy powered by blockchain technology. Having the PiUSD stablecoin can further enhance liquidity and utility within the ecosystem.

· The core team needs to expedite the launch of new features.

However, he also emphasized that the Pi Core team needs to really step up their efforts to bring new features with practical utility to the platform in order to regain the community's trust.

Grasping the Tokenization Wave: Potential Advantages of Pi Network

Against the backdrop of traditional financial giants like BlackRock CEO Larry Fink being optimistic about real-world asset (RWA) tokenization, Dr. Altcoin believes that Pi Network has a unique advantage in entering this field.

· Good positioning of RWA tokenization

Dr. Altcoin believes that Pi Network, with its environmentally friendly design, high transaction speed, and extremely low Gas fees, has good conditions to drive the next stage of RWA tokenization.

· Key smart contract upgrade

He added that Pi Network is currently undergoing an upgrade to integrate smart contract functionality, which is a key feature for enabling the seamless transfer and tokenization of off-chain assets on-chain.

· Protocol 23 Upgrade: Mainnet expected to launch by the end of the year

The Pi Network testnet is currently undergoing the Protocol 23 upgrade, which is likely to go live on the mainnet before the end of this year. These developments could help Pi coin recover from its low point.

Pi Coin Technical Analysis: Price Struggles at $0.209, Watch for $0.200 Support

Pi coin price has corrected 95% from its historical high and is currently near key technical support and resistance levels; any breakout or breakdown could define its short-term trend.

· Price Trends and Short Selling Warning

Pi coin has experienced a significant decline over the past few months and is currently struggling around 0.21 USD. Experts have also warned about the possibility of a “rug-pull” with Pi coin.

As of the time of writing this article, the Pi coin trading price is 0.209 USD, hovering just below the key resistance level of 0.229 USD. The Pi Coin has recently become the focus again due to increased community activity, with many users choosing to buy Pi Coin and store it securely to flexibly arrange their investments during the mainnet development phase.

· Breakthroughs and Downside Risks

Bullish Signal: A sustained breakout above 0.229 USD, if supported by improved technical signals and strengthened investor sentiment, could push the price towards 0.256 USD.

Downside Risk: A drop below 0.200 USD may trigger new selling pressure, with prices possibly dragging down to 0.180 USD or lower.

As the Pi ecosystem continues to develop, more and more users are beginning to pay attention to how to sell Pi Coin and exchange it for cash. Through the Gate platform, you can quickly complete transactions and withdraw fiat funds while ensuring security.

Conclusion

The Pi Network is advancing its vision in AI, M2M economy and RWA tokenization, especially under the concept of PiUSD stablecoin, showcasing its ambition to surpass the current sluggish prices. Although Pi coin has significantly dropped 95% from its peak and is under pressure around 0.209 USD, the upcoming Protocol 23 upgrade and the progress of the Pi DEX/AMM testnet provide a glimmer of hope for the market. Whether the core team can successfully deliver smart contract functionality and real utility, and break through the short-term resistance of 0.229 USD, will be key for the Pi Network to rebuild community confidence and achieve price redemption.

This article is for informational purposes only and does not constitute any investment advice. The cryptocurrency market is highly volatile, and investors should make decisions cautiously.