Pi Network (PI) News Today: December 31

Given the Holiday season and the general calmness within the cryptocurrency markets, Pi Network’s staff has additionally been quiet not too long ago, however there are nonetheless some developments value mentioning because the yr is coming to a detailed.

Meanwhile, the challenge’s underlying asset continues to point out power across the pivotal help degree at round $0.20, and there are some hints a few potential resurgence.

Holiday Cheers

CryptoPotato reported not too long ago Pi Network’s Holiday transfer, known as the Community Commerce Initiative, during which it invited its person base to take part and make the most of reductions in sure apps and retailers that settle for the PI token. The staff additionally hosted a neighborhood raffle to make the brand new motion extra thrilling, that includes Pi-branded merchandise, together with T-shirts and hats.

In a subsequent put up, the Core Team provided extra particulars on the transfer through a video on X and outlined the Holiday design replace for one of many standard Pi-native video games, FruityPi. They stated the brand new model is refreshed with new music, animations, and person engagement.

Before that, Pi Network highlighted vital updates to 2 of its programs in growth – the testnet decentralized trade (DEX) and the Automated (*31*) Maker (AMM). Perhaps probably the most notable change concerned the shift towards Pi-denominated liquidity pairs, which goals to place the challenge’s native token as the first base asset throughout the testnet trade.

It mirrors liquidity fashions from different, extra established DeFi ecosystems, the place concentrating liquidity round a dominant asset reduces fragmentation and will enhance value stability.

The staff additional knowledgeable that each the DEX and AMM interfaces have acquired refreshed appears to be like, which ought to simplify navigation and scale back friction for newcomers.

Will PI Rebound Soon?

The aforementioned value stability for PI has certainly arrived, a minimum of based on the asset’s most up-to-date strikes. Ever for the reason that October and November volatility, during which the token pumped towards $0.30 solely to be rejected and pushed south, it has remained sideways at simply over $0.20 with a number of transient deviations.

That help has held in the course of the latest market calmness, and PI now sits inches above it after a minor day by day improve of round 1%. Recent trade actions point out that buyers have been pulling out tokens from buying and selling platforms, which might additionally ease the promoting stress, and maybe be among the many catalysts of a value revival.

Something else that would increase PI’s value actions is a attainable itemizing on the world’s largest crypto trade, Binance. In this text, we review the chances of such a growth via the eyes of AI platforms.

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