Pi Network (PI) News Today: November 24th
PI is among the many best-performing prime 100 cryptocurrencies over the previous week.
The optimistic efficiency coincides with latest developments surrounding the controversial challenge behind the token.
PI Remains in Green Territory
The final seven days have been disagreeable (to say the least) for the broader cryptocurrency market, with Bitcoin (BTC) briefly tumbling to nearly $80,000 and Ethereum (ETH) quickly crashing to roughly $2,600.
While Pi Network’s PI additionally felt the impact of the pullback, it managed to resist a lot of the unfavourable stress from the general bearish setting.
As of this writing, the asset trades at round $0.23 (per CoinGecko’s information), representing a 6% enhance on a weekly scale. In comparability, BTC has posted a ten% decline throughout the similar interval.
The Bullish Catalysts
Perhaps essentially the most evident motive for PI’s surge over the previous a number of days is the rising perception that Pi Network has achieved full compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA).
Certain X customers not too long ago speculated that the asset may develop even additional throughout Europe. The one utilizing the moniker Pi OpenMainnet 2025 claimed that a number of the main international locations that can assist PI as a worldwide cost embrace Germany, France, the Netherlands, Spain, Italy, Sweden, and plenty of extra.
Another issue that will have additionally contributed to the coin’s latest rally is the replace targeted on the AI-powered platform, Pi App Studio. The enhancements aim to make the app extra helpful for technical builders and likewise for newbies. They can obtain their very own functions, refine the code on native units, and reupload them for deployment or additional adjustments.
In a subsequent video highlighting the advantages of the brand new updates, the Core Team supplied detailed info on how customers can obtain and add movies from their respective Pi App Studio accounts. Both choices can be found within the Settings menu, proper beneath the “Customize App With Pi AI” tab.
Price Drop on the Way?
The upcoming token unlocks, although, recommend that PI might head south quickly. Data reveals that greater than 175 million cash might be launched within the subsequent 30 days, which may enhance the promoting stress.
In addition, the quantity of property saved on crypto exchanges has surged by roughly 1.6 million previously 24 hours alone. The complete determine has surpassed 432 million, with greater than half of that located on Gate.io.
This growth indicators that buyers have been shifting their holdings from self-custody to centralized platforms, usually seen because the step earlier than promoting.
The submit Pi Network (PI) News Today: November 24th appeared first on CryptoPotato.
