Pi Network Price Prediction: Can PI Break $0.10 After the Protocol 28 Upgrade and 300+ Mainnet Apps?

Pi Network Price Today: Why PI Is Holding Near $0.08 While Bitcoin and Altcoins Bleed

Pi Network's PI token is trading near $0.078–$0.082 on October 24, 2026, holding modest gains of about 2% on Friday even as the broader cryptocurrency market drifted lower, with Bitcoin pinned near $81,000 and market sentiment stuck at Neutral. While 32 of the 50 largest crypto assets fell over the past day, PI quietly defended its ground — a notable display of relative strength for a token that sits nearly 97% below its all-time high of $2.99 reached in February 2025.

But relative strength alone does not make a bull market. PI remains trapped under a descending overhead trendline near $0.0823 that has capped every rally attempt for weeks, and CoinCodex's model projects the token sliding toward $0.0617 by year-end — a 21.58% decline from current levels. With roughly 174 million PI tokens scheduled to unlock over the next month and daily trading volume collapsed to barely $3 million, the question is whether October's technical milestones — the Protocol 28 mainnet upgrade, the second migration phase, and 300+ listed mainnet apps — can finally give buyers a reason to step in.

This article breaks down PI's current price action, the Protocol 27 and 28 upgrades, mainnet migration data, token supply pressure, exchange listing prospects, and realistic price targets through the end of 2026 and into 2027.

What Is Pi Network? A Quick Recap for New Readers

Pi Network launched in 2019 as a mobile-first cryptocurrency project, letting users "mine" PI tokens by tapping a button in a smartphone app once per day. The frictionless onboarding worked: the network now reports more than 60 million Engaged Pioneers, over 18.1 million fully KYC-verified users, and more than 420,000 network nodes.

The project spent years in an "enclosed mainnet" phase before opening its mainnet, and PI began trading on public exchanges at the start of 2025. After spiking to $2.99 on February 26, 2025, the token has been in a grinding decline, falling to a record low of about $0.071 in July 2026. For the full beginner picture of getting exposure to crypto safely, see our guide on how to buy crypto safely in 2026.

PI Price Action Right Now: The $0.0823 Trendline Is the Whole Story

On October 24, PI is changing hands around $0.0786–$0.082, with Friday's session showing roughly 2% gains while Bitcoin slipped about 1% and Ethereum lost 1.15%. CoinCodex currently flags PI sentiment as Bearish, with the 14-day RSI at 36.64 (neutral-to-weak), price below both the 50-day simple moving average at $0.08761 and the 200-day SMA at $0.1173, and only 14 of the last 30 days closing green.

The technical picture, as FXStreet's European wrap noted on October 23, is clear: PI holds modest gains but mixed technicals curb upside — the token must clear the overhead trendline near $0.0823 to sustain any upward move. Every rally attempt since the summer has died at that descending line, and until PI closes above it with volume, the path of least resistance remains sideways-to-down.

CoinCodex's short-term model is blunt about what comes next: it projects PI trending downward through the week, dipping as low as $0.06029 by October 28, 2026 — a 23.34% slide from current rates. That forecast sits alongside Coin Edition's October outlook, which mapped the October 28 Federal Reserve decision as the macro tone-setter, with $0.11 as resistance and $0.07 as the key support floor.

The broader market backdrop explains the caution. Bitcoin has been grinding lower toward the $80,000 psychological level, as we analyzed in our breakdown of BTC's recent drop, and the Crypto Fear and Greed Index has collapsed from Greed into Neutral territory. When risk appetite fades, small-cap altcoins like PI usually feel the pain first — which makes PI's current resilience all the more interesting to watch.

Protocol 27 and Protocol 28: The Technical Upgrades Nobody Is Pricing In

While price action has been miserable, Pi Network's engineering team has been shipping. The protocol upgrade sequence through 2026 — versions 23 through 28 — has steadily moved the network toward real blockchain utility.

Protocol 27 completed its mainnet rollout in September 2026, introducing automated market maker (AMM) liquidity pools and smart-contract capabilities — the foundational plumbing for decentralized finance on Pi. That is a genuine milestone: an on-chain DEX with AMM liquidity turns PI from a mined token into a usable settlement asset inside its own ecosystem.

Protocol 28 went live on mainnet on October 16, 2026, after node operators completed their mandatory upgrades by October 13. Per the upgrade schedule, Protocol 28 improves how the network handles delays in transaction data, enables developers to upgrade groups of smart contracts at once, and strengthens control over data stored by applications. Node operators faced less than five minutes of downtime per migration, and the rollout was staged to avoid a simultaneous transition.

None of this has moved the price — yet. That disconnect is the core of the bull case: fundamental development is accelerating while the token trades at fire-sale prices, and markets eventually reconcile the two. But the bear counterpoint is equally sharp: protocol upgrades only create value if real users transact, and so far the ecosystem's on-chain activity remains thin relative to the network's enormous user base.

Mainnet Migration Hits 16.7 Million Users — And the Second Migration Is Unlocking Referral Rewards

Migration statistics remain Pi Network's strongest fundamental argument. The network has completed more than 16.7 million mainnet migrations from 18.1 million verified users, and September's KYC updates cleared over 417,000 previously flagged accounts to resume verification while fixing wallet-claim issues for roughly 497,000 Fast-Track wallets.

The newest catalyst is the second migration phase. As Gate News reported, more than 119,000 users have already completed the second migration, which allows pioneers to transfer additional balances — including referral mining rewards that were never fully processed in the first wave. Referral bonuses are calculated across individual mining sessions, so the computations are complex and the rollout has been cautious and batch-based.

There is a catch: only bonuses linked to referrals who pass KYC can be moved to mainnet. Every unverified referral keeps a portion of earnings locked until they complete verification. That condition is quietly bullish for long-term holders — it throttles how much new supply actually hits the market, even as the headline migration numbers grow.

300+ Mainnet Apps and the November Ecosystem Summit: The Next Real Catalyst

On October 15, the Pi Core Team announced that more than 300 apps are now listed on mainnet, alongside figures of 60 million-plus engaged pioneers and 420,000-plus nodes. TokenPost's skeptical read is worth noting: the announcement listed no app-by-app usage figures, no active-user counts, and no payment-volume data — so the app total alone does not establish real economic activity.

That skepticism is fair, but it misses the directional signal. One March 2026 activity example showed a single app with 1,094,680 people completing 526,970,631 tasks with compensation paid in Pi through the blockchain — proof that real on-chain labor economies are forming, even if they are nascent. The more important date is November 17–19, when Pi holds its first Ecosystem Summit online, featuring developer demonstrations, app showcases, platform updates, and a hackathon announcement. Summit hype has historically lifted PI's price, and with the DEX live and AMM pools running, this summit has more substance to showcase than any previous one.

The 174 Million Token Problem: Supply Pressure Is PI's Biggest Enemy

Here is the bear case in one number: roughly 174 million PI tokens are expected to unlock and enter circulation over the next month. PiScan data cited in July showed about 775.8 million PI scheduled to unlock by the end of 2026, while daily trading volume has shriveled to about $3 million. Crypto commentator MOON JEFF has pointed to token inflation as the main factor crushing PI's price, noting the token once traded near $3.40 before the unlock schedule ground it down toward the $0.07–$0.08 range.

This is the structural headwind every PI investor must respect. Protocol upgrades and app launches create demand slowly; token unlocks create supply immediately. Until the network's real economic activity grows large enough to absorb 174 million new tokens a month, rallies will keep running into sellers. Blockchain Reporter's price-prediction roundup puts it plainly: the key variable for PI through year-end is supply, and a break below the July low of $0.071 would activate the lower forecasts across the board.

For investors navigating this kind of supply-driven volatility, a disciplined accumulation strategy matters more than timing. Our guide on dollar-cost averaging into crypto explains how to spread entries over time, and our crypto storage security guide covers how to keep any PI you hold safe, since mobile-mined assets attract their share of phishing scams.

Exchange Listings: Binance and Coinbase Are Still the Missing Pieces

PI currently trades on Bitget, Kraken, OKX, and Gate, with OKX's PI/USDT pair handling more than $2 million in daily volume and Gate's pair over $1.2 million. That is respectable for a mid-cap altcoin but thin for a project claiming 60 million users — the $3 million total daily volume is a fraction of what a top-50 token typically sees.

The elephant in the room: Binance and Coinbase still do not list PI. Binance even polled its community on whether to list the token, and the overwhelming majority voted yes — yet no listing followed. As BitRss noted, several broader market models place PI between $0.22 and $0.50 under stronger conditions through late 2026 and early 2027, "especially if exchange accessibility improves" — and a Binance or Coinbase listing is the single most powerful version of that catalyst. A tier-1 listing would instantly multiply liquidity, bring PI to millions of new traders, and likely trigger the kind of short squeeze that thin, heavily-shorted altcoins are prone to.

Pi Network Price Predictions: What the Models Say Through 2027

Forecasts for PI diverge sharply, but they cluster in a realistic band well below $1 for the rest of 2026. Here is what the major models currently project:

• CoinCodex end-2026 projection: $0.0617, down 21.58% from current levels — bearish, with the token projected to trend lower into the October 28 Fed decision.
• CoinLore end-2026 ranges: base case $0.082, bear case $0.049, bull case $0.27 — a wide range reflecting PI's extreme sensitivity to catalysts.
• CoinCheckup December 2026 average: around $0.063, in line with the bearish cluster.
• NameCoinNews end-2026 range: $0.07–$0.25, with a year-end short squeeze and tier-1 listing rumors as the projected upside drivers.
• Broader market models for late 2026–early 2027: $0.22–$0.50 under stronger market conditions with improved exchange access.
• CoinCodex end-2027 average: $0.139, with the 2028 Bitcoin halving cycle as a tailwind for altcoins.
• CoinLore 2027 range: base $0.083, bear $0.050, bull $0.40 — flat-to-moderate recovery.

On the speculative end, CryptoPotato asked three AI chatbots for PI's maximum 2026 price: ChatGPT suggested $0.35–$0.45 (with $0.42 as its specific estimate), Gemini offered $0.36 under favorable conditions, and Perplexity said a move above $0.30 is unlikely this year. Notably, all three agreed that $1 is out of reach in 2026 without a major exchange listing or an explosion in genuine usage — and CoinCodex's model keeps PI below $1 all the way through 2040, projecting $0.311 by 2040 and $0.94 by 2050.

The $10–$15 long-term targets floated by some community creators would require PI's market capitalization to reach hundreds of billions of dollars — a scenario that demands extraordinary adoption. Treat those as lottery tickets, not forecasts.

Three Scenarios for PI Into Year-End

The Bull Case: PI Reclaims $0.10–$0.27

The October 28 Fed decision delivers a dovish surprise, Bitcoin bounces off $80,000 support, and risk appetite returns to altcoins. The November 17–19 Ecosystem Summit generates real developer momentum, a tier-1 exchange listing rumor surfaces, and PI breaks the $0.0823 trendline with volume, triggering a short squeeze toward $0.11 — the August high. In this scenario, CoinLore's $0.27 bull case comes into play, and PI ends the year challenging $0.10–$0.15.

The Base Case: PI Grinds Between $0.06 and $0.10

The Fed holds steady, Bitcoin chops between $78,000 and $84,000, and PI's fundamentals improve quietly without a headline catalyst. The 174 million monthly unlocks cap every rally while the ecosystem summit delivers modest hype. PI ends 2026 near $0.06–$0.08, setting up a cleaner run in 2027 as the halving cycle approaches. This matches the CoinCodex and CoinLore base cases.

The Bear Case: PI Breaks $0.07 and Tests New Lows

The Fed stays hawkish, Bitcoin breaks below $78,000, and altcoin capitulation accelerates. PI's unlock schedule overwhelms thin liquidity, the July low of $0.071 fails, and the token slides toward CoinLore's $0.049 bear case. In this scenario, the 200-day SMA at $0.1173 becomes distant overhead resistance, and 2027 recovery depends entirely on the broader crypto cycle.

Frequently Asked Questions

What is the Pi Network price prediction for the end of 2026?

Most verified models project PI finishing 2026 between $0.06 and $0.08. CoinCodex targets $0.0617, CoinCheckup projects about $0.063, and CoinLore's base case is $0.082. Bullish scenarios reaching $0.22–$0.50 require stronger market conditions and improved exchange accessibility, such as a Binance or Coinbase listing.

Can Pi Network reach $1?

Not in 2026, according to every major model. CoinCodex projects PI ending 2026 near $0.06, and even its 2030 estimate is only $0.145. Reaching $1 would require a combination of tier-1 exchange listings, massive ecosystem adoption, and a full crypto bull market — a multi-year proposition at best.

Why is PI price so low if 60 million people use Pi Network?

Registered users do not equal buying pressure. Only about 18.1 million users are KYC-verified, daily trading volume is just $3 million, and roughly 174 million PI tokens unlock every month, creating constant sell pressure. Until on-chain economic activity and exchange liquidity grow, the user count alone cannot lift the price.

Is Pi Network listed on Binance or Coinbase?

No. PI trades on Bitget, Kraken, OKX, and Gate. Binance polled its community about listing PI and the vote was overwhelmingly positive, but no listing has followed. A Binance or Coinbase listing remains the most powerful potential catalyst for PI's price.

What was the Pi Network Protocol 28 upgrade?

Protocol 28 went live on Pi mainnet on October 16, 2026. It improves how the network handles delays in transaction data, lets developers upgrade groups of smart contracts at once, and strengthens control over application data. It followed Protocol 27 (September 2026), which introduced AMM liquidity pools and smart-contract capabilities — the foundation for DeFi on Pi.

Should I buy PI now?

PI is a high-risk, speculative asset trading 97% below its all-time high, with heavy monthly token unlocks working against it. The technical setup is bearish below the $0.0823 trendline, but the November Ecosystem Summit and potential exchange listings offer genuine upside catalysts. Anyone considering PI should size positions as a small, speculative allocation, use dollar-cost averaging rather than lump-sum entries, and store holdings securely. This is not financial advice — do your own research.

The Bottom Line

Pi Network in October 2026 is a study in contradictions: a top-tier user base and accelerating technical development paired with a token that cannot stop bleeding. The Protocol 28 upgrade, 119,000 completed second migrations, 300+ mainnet apps, and the November Ecosystem Summit give fundamental investors real reasons to pay attention — but the 174 million monthly token unlocks and $3 million daily volume give traders every reason to stay cautious.

The line in the sand is $0.0823. A decisive break above that trendline with real volume would signal that buyers are finally absorbing the unlock schedule — and open the door to the $0.10–$0.11 August highs. Until then, the base case is more grinding: a slow bleed toward $0.06 that rewards patient accumulators and punishes leverage. For a token with 60 million pioneers behind it, the next two months — the Fed's October 28 decision and the November Ecosystem Summit — will decide whether PI's long winter finally ends or drags into another year.