Pi Network (PI) is experiencing a notable increase in momentum recently. After starting at approximately $0.172 in October, its token price jumped to around $0.29 before settling around $0.25 by the month’s end. This upward trend follows earlier corrections and appears to be fueled by updates to the ecosystem, new features, and AI applications. The recent surge is attributed to a revitalized community focus on AI and application pilot programs as well as increased activity in over-the-counter (OTC) transactions. AI analysis suggests these factors have been major drivers of PI’s 50% price increase. On the technical side, closing above the 50-day moving average at about $0.2618 could signal a continuation of this upward trend. However, there are some areas of concern. Liquidity remains relatively weak and heavily reliant on OTC transactions. Listing PI on larger exchanges or expanding its liquidity base would be catalysts for continued growth. Moreover, the anticipated release of approximately 120 million PI in November might exert pressure on prices due to a potential increase in supply. The overall crypto market sentiment, particularly the recovery trends within Bitcoin and altcoins, could also play a crucial role in the direction of PI’s price movement. Other projects similar to Pi Network are also generating excitement. For instance, other altcoin projects and payment-focused crypto solutions are attracting investor attention more than PI at present. Experts argue that PI still falls short of meeting expectations regarding real-world use cases and widespread licensing/service integrations. This reality may lead investors toward application-focused projects instead of PI. In summary, Pi Network presents a mixed picture: community engagement is increasing, and technical indicators point to a recovery. However, sustainable growth requires concrete achievements such as increased liquidity, exchange listings, and a balanced token release schedule. Therefore, rather than focusing on price increases alone, a cautious approach, closely monitoring developments, is likely the best course of action at this stage.