Pi Network Smart Contracts Go Live on Testnet, Can PI Break $0.27 Resistance?
BeInCrypto
Pi Network launched subscription-based smart contracts on its Testnet, aiming to boost utility while investors watch for a breakout above $0.27.Summary
Pi Network has introduced its first smart contract functionality on Testnet, specifically designed to support recurring subscription payments for services like e-commerce and streaming. By streamlining the payment process compared to other blockchain standards, the developers hope to anchor Pi demand in real-world utility. Currently, the PI token is trading around $0.17, facing significant resistance at the $0.18 and $0.27 levels. Analysts suggest that while this technological milestone provides a potential fundamental catalyst for growth, market momentum remains neutral as traders await further updates regarding a Mainnet launch.
(Source：BeInCrypto)