Major Pi Network Update: Will This Be the Turning Point for PI?
The developments surrounding the controversial crypto undertaking Pi Network are fairly frequent, and in the following strains, we are going to concentrate on the newest one.
We will even study the worth efficiency of the native token PI and assess its potential for a short-term resurgence.
‘Turn Your PI Into Power’
PiBridge, a undertaking associated to Pi Network that focuses on providing unique providers to the group, akin to an change platform, just lately unveiled P2P lending. This signifies that individuals can now use their PI holdings as collateral, borrow stablecoins, or lend to earn yields.
“Your PI doesn’t should sleep anymore,” PiBridge acknowledged.
The workforce revealed that this initiative marks the subsequent step towards the launch of the PiBridge Neobank.
Another latest growth surrounding Pi Network is the improve of the AI-powered platform Pi App Studio. In mid-October, the workforce launched new updates “to make app creation extra accessible and customizable, and built-in inside the ecosystem.”
Pi App Studio saw the light of day on June 28, a date recognized throughout the PI group as Pi2Day, with the main objective of enabling customers to create decentralized functions (dApps) with none programming abilities.
Meanwhile, in August, the workforce unveiled the Pi Hackathon 2025: an occasion that encourages builders to construct real-world functions that broaden the utility of the PI coin. While it was alleged to run till October 14, Pi Network has not but given particulars about its finish.
PI Price Outlook
Several hours in the past, the worth of Pi Network’s native cryptocurrency plummeted to $0.19, however shortly after, it adopted the resurgence of the whole crypto market and is now buying and selling above $0.20.
However, this degree stays fairly disappointing for the bulls because it represents a 26% decline on a month-to-month scale and a staggering 93% crash since the all-time high of $3 witnessed at the begin of the yr.
Two important elements sign that PI’s valuation might expertise a extra substantial rebound in the close to future. First, the quantity of tokens saved on crypto exchanges has decreased considerably: over a million cash have left centralized platforms in the previous 24 hours alone, suggesting traders have shifted in direction of self-custody strategies, thus lowering promoting strain.
Second, PI’s Relative Strength Index (RSI), which continues hovering round 30. The technical evaluation device measures the pace and magnitude of latest worth adjustments to present merchants a doable thought of reversal factors. Ratios under 30 point out the asset is oversold and due for a possible rally, whereas something above 70 is interpreted as a bearish sign.
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