Venice is definitely a city for one's bucket list

By Zemeghub Crypto Desk Published: October 11, 2025

📉 Market Update

The price of Pi Coin has dropped to $0.2068, marking a steep decline from its February peak of $3.00. This downturn reflects growing investor skepticism about the project’s transparency and long-term utility, despite upcoming technical upgrades.

🔧 Protocol v23: Hope or Hype?

Pi Network is currently testing Protocol v23, a major update aimed at improving scalability and transaction speed. The upgrade is expected to go live on mainnet in Q4 2025, and includes:

• Enhanced developer tools

• Token creation and swap features

• Improved network efficiency

While the update promises technical improvements, adoption remains limited and real-world use cases are still unclear.

⚠️ Centralization Concerns

Recent reports suggest that two individuals control nearly 90 billion Pi tokens, raising alarms about centralization and governance risks. The project has lost an estimated $18 billion in market value over the past six months, fueling speculation about its future viability.

 Analyst Outlook

Crypto analysts warn that without tangible utility and transparent tokenomics, Pi Coin could fall further—potentially revisiting the $0.10 range. Competing projects like BlockDAG and Remittix (RTX) are gaining traction by delivering faster results and clearer roadmaps.