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Pi Network's market capitalization returns to $2 billion, technological upgrades assist
CryptoWorld News reports that, according to CoinGecko data, the market capitalization of Pi Network has once again surpassed $2 billion, signaling a recovery for the token. Over the past week, Pi Network’s price has risen by more than 11%, reaching a monthly high near $0.20, before then pulling back slightly as traders took profits. This recovery was not driven by a single factor, but by several positive developments working together. The completion of the Protocol 22.1 upgrade is seen as a technical milestone that lays the foundation for Pi’s mainnet development. In addition, Pi Network has completed more than 526 million human KYC verification tasks, making it one of the largest identity verification human resources globally. Analyst Dr. Altcoin noted that the upcoming Consensus 2026 conference in Miami will be another catalyst for near-term price fluctuations, and he expects Pi to move toward $0.30 before the event, representing a further 50% increase.