Pi Network is preparing to enter a new phase. Upgrades which is scheduled for May, brings the long-awaited feature, namely smart-contract and application ecosystem. In the midst of this momentum, the main question arises, can the PI price also be pushed towards US$0.2?
Upgrades May Becomes the New Foundation of the Pi Network
Momentum upgrades this isn’t just another technical update. Based on upload Pi di X developer account on Saturday (02/05/2026), Protocol 23 is scheduled to be active in mid-May.
“Mainnet The Pi will be upgraded to Protocol 23 by a deadline of May 15. Entire mainnet nodes “It is mandatory to complete this process before the deadline in order to remain connected to the network,” they explained.
Previously, Pi Network completed Protocol 22 on April 27. This transition was an important step in strengthening the foundation of the network and served as a “big cleanup.”
All nodes incompatible ones are removed from the network, making synchronization more stable. That way, Pi Network now has a more solid base to move to the next stage.
However, this upgrade also carries technical consequences. Migration process databases internal will rewrite files that exists when it is first run, so the time node startup may take longer than usual.
On the other hand, Protocol 23 was a much more interesting turning point. Upgrades this opens the door for developers to write and implement smart-contract straight in mainnet Pi Network.
This means that the Pi ecosystem will develop wider. Starting from launchpadpresence decentralized exchange (DEX), to potential tokenization RWA. This would be a big step towards real utility, not just a community-based project.
PI Prices Rise, But Pressure Still Lurks
In line with upgradesPI price shows positive movement. In the last week, PI rose 5 percent, from US$0.17 to the range of US$0.179 to US$0.18. This trend provides an early signal that the market is starting to respond to the latest developments.
The increase in Pi Network price could also be an indication of accumulation ahead upgrades. Investors seem to be starting to speculate that this major update will bring a new catalyst for the price.
However, there are important factors that cannot be ignored. Based on data PiScan, around 184.59 million PI, equivalent to approximately US$33 million, will be unlocked in the next 30 days. This surge in supply has the potential to create significant selling pressure in the market.
This is where the tug-of-war happens. On one side, upgrades bringing optimism and potential new utility. On the other hand, supply pressure can restrain the rate of price increases.
If demand is able to absorb this new supply, the opportunity for the PI coin price to reach US$0.2 remains open. However, if not, the price rally risks stalling in the short term.
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