Pi Network Gears Up with Protocol v23, Rust Smart Contracts, and DEX Plans as Price Sets Sights on $0.30+

Jakarta, Pintu News – The price of Pi Network saw gains on Monday (Jan 5) after a steady recovery, breaking above $0.2100 amid positive market sentiment and geopolitical tensions between the United States and Venezuela.

Overall, the crypto market recorded gains of 1.07% on the day and 5.73% on the week, which helped boost PI price momentum.

Pi Network Ready to Launch Protocol v23 and Rust-based Smart Contracts

The renewed optimism towards Pi Network comes after the official launch of Protocol v23, an important update that incorporates Stellar Core v23.0.1 with the aim of improving transaction speed, security, and overall network scalability.

Read also: Pi Network Price Drops Slightly Today: Smart Money Starting to Flow into Pi Coin?

Currently, the Pi network has more than 15.8 million active Mainnet Pioneers, which is expected to increase the level of reliability and performance in its ecosystem.

Protocol v23 is considered one of the most significant changes in the history of Pi Network, as it has transformed this application into part of the global banking infrastructure.

This update also brings Rust-based smart contracts that are now functional, enabling the development of decentralized applications (dApps) within the Pi network. This is not just a technical update, but also changes the way Pi users interact with services in real-time in a decentralized economy.

Pi Network’s development team revealed that it plans to launch a decentralized exchange (DEX) as early as 2026. This move is in line with Pi’s long-term strategy to become a settlement layer capable of securely handling large volumes of transactions.

The Protocol v23 update also speeds up the process of finalizing transactions, removing barriers and building trust within the community. According to Pi Network, Protocol v23 is the foundation for a complete digital ecosystem, which will run on the support of a growing user base.

Pi Coin price surges past $0.21, targets $0.30 in bullish trend

The recent price of Pi Coin (PI) rose sharply to reach $0.2122, signaling renewed market interest in this asset. On the 4-hour chart (5/1), we see a strong breakout through the consolidation zone around $0.20.

The MACD indicator showed a crossover in favor of upward momentum. The MACD line has surpassed the signal line, indicating stronger upward momentum.

Meanwhile, the RSI (Relative Strength Index) indicator stands at 60, close to the overbought level. This is a positive signal, although there are indications that selling pressure could start to emerge in the near future.

On Monday, Pi Network’s trading volume reached almost 18 million PIs, being the highest level since December. This surge in volume indicates significant growth in the price rebound, as well as the presence of strong net buying pressure in the market.

Read also: Shiba Inu Price Jumps 32% in 2026, Can SHIB Explode Again?

Pi Network Price Prediction: Key Levels to Watch Out for

If Pi Network’s long-term forecast is able to maintain its strength above $0.21, then the next challenge will be around the $0.23 level. If it is able to break through, Pi’s price could test the $0.25 level, where historical selling pressure has often appeared before.

If the bullish momentum continues, the next target is estimated at $0.30, which represents a potential upside of approximately 41% from current levels.

However, on the negative side, the first support is at the $0.20 level. If the price breaks below this zone, then a drop towards $0.19, or even $0.18 is likely if the market enters a bearish phase.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Pi Network Price Eyes $0.3 as Protocol V23 Rolls Out: Rust Smart Contracts and DEX Plans. Accessed on January 6, 2026