Pi Network (PI) News Today: October 18th

PI’s worth continues to sink, however the challenge behind the token stays within the highlight with a sequence of notable developments. Here’s a breakdown of every thing new you need to know.

The Latest Endeavors

As CryptoPotato reported, Pi Network’s group unveiled new updates to the Pi App Studio “to make app creation extra accessible and customizable, and built-in inside the Pi ecosystem.” Specifically, the brand new options enhance the person expertise, present additional AI-assisted capabilities, and strengthen the connection between creators and the group.

Pi App Studio is an AI-powered platform launched by Pi Network, which allows customers to create decentralized purposes (dApps) with none programming abilities. It was launched on June 28, a date recognized throughout the PI group as Pi2Day.

Another current endeavor associated to Pi Network is the Pi Hackathon 2025. This occasion encourages builders to create real-world purposes that develop the utility of the PI token, thereby bettering the ecosystem. It incentivizes members’ efforts with a prize pool of 160,000 cash, distributed to the primary eight groups.

The occasion’s beginning date was August 21, and it was supposed to finish on October 15. Nonetheless, Pi Network’s group has not but unveiled any details about its conclusion.

PI’s Free Fall

Despite the aforementioned developments, the value of Pi Network’s native token has been on a large decline within the final a number of months. Currently, it trades at roughly $0.20, representing a 43% drop on a month-to-month scale and a staggering 93% crash in comparison with the all-time high ranges from February.

The waning enthusiasm throughout the group, coupled with the looming token unlocks, suggests an additional downfall is likely to be incoming. Data signifies that almost 120 million PI will probably be freed up within the subsequent month, a much less substantial quantity than in earlier months, but nonetheless able to growing promoting stress.

The Positive Signs

However, it’s not all doom and gloom, as two components point out PI’s worth might rebound quickly. The first is the decreased quantity of tokens saved on crypto exchanges. The determine has dropped to 411 million after over 2.6 million PI have been transferred from centralized platforms to self-custody strategies prior to now 24 hours. This results in decreased instant promoting stress.

Next on the checklist is PI’s Relative Strength Index (RSI), which merchants usually use to identify reversal factors. The technical evaluation instrument measures the velocity and magnitude of the most recent worth adjustments, with a spread from 0 to 100. Readings beneath 30 are thought of shopping for alternatives, whereas these above 70 point out incoming corrections. As of this writing, the RSI stands at 26.

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