Pi Network (PI) News Today: September 30th

The developments surrounding Pi Network and the latest worth efficiency of PI. These are the principle matters we’ll discover within the following traces.

Pi Network Takes Center Stage

Last month, Pi Network announced that it could function a Gold Sponsor of the TOKEN2049 occasion in Singapore (held on October 1-2), and its co-founder, Dr. Chengdiao Fan, can be among the many audio system of the convention.

The workforce just lately disclosed that she’s going to ship a presentation, titled “Crypto’s Future: From Liquidity to Utility – Web3 Pathways to Innovation,” from 4:30 to 4:45 PM SGT on October 1.

Pi Network reminded that the TOKEN2024 occasion is likely one of the largest annual crypto gatherings. This yr’s version is anticipated to be attended by over 25,000 folks, with notable audio system together with Richard Teng, Justin Sun, Arthur Hayes, Charles Hoskinson, Paolo Ardoino, Tom Lee, and Donald Trump Jr. all scheduled to take the stage sooner or later.

15 Days Until the Hackathon’s End

In August, Pi Network’s workforce minimize the ribbon of the Pi Hackathon 2025: an occasion that “invitations builders to construct and deploy significant Pi Apps that empower real-world utility utilizing Pi and assist form the ecosystem.”

Two days in the past, it reached its midway level, whereas the ultimate submission is scheduled for October 15. Some of the purposes that customers have developed to this point embody Starmax (which allows folks to purchase items with PI in a easy method) and Nature’s Pulse (which connects customers with farmers).

The Hackathon additionally features a prize pool that can distribute 160,000 PI tokens to be shared amongst as much as eight groups. First place will take residence 75,000 cash, second place earns 45,000, and third place is awarded 15,000.

PI Price Outlook

Despite latest developments surrounding Pi Network, the value of its native token has continued its adverse efficiency. As of press time, it trades at round $0.26 (per CoinGecko’s knowledge), representing a 30% decline over the previous month.

The alternate balances began rising once more, which may very well be interpreted as a pre-sale step and result in an extra collapse. Additionally, the start of October will witness a significant token unlock: a growth that might deepen the bearish sentiment.

A number of days again, one well-liked X consumer noted that PI is now not a part of crypto’s prime 50 membership. They predicted that the asset “will most likely fade to mud” resulting from “no utility” and “no decentralization.”

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