Latest Ecosystem Developments
The controversial crypto project Pi Network has recently rolled out significant updates to its ecosystem. A few days ago, the team behind Pi Network announced that Pi App Studio now features a new capability, enabling creators to download their app’s source code and re-upload custom edits. The project assured that the product remains focused on facilitating "non-technical people to create, deploy, and run online apps."
This upgrade is also intended to make Pi App Studio more useful for technical developers, allowing them to quickly prototype applications and then continue development on top of them. The announcement stated, "Since the App Studio makes Pi integration and app deployment simple, developers can save time and focus on building their actual products."
Pi App Studio launched additional features to make app creation "more organized, accessible, and intuitive." The new code download/upload capability aims to bridge creator and developer experiences. Improvements have also been made to the "My Apps" section, which now includes a search function, sorting filters, and a dropdown menu for renaming or managing applications. The app creation limit has been increased from 10 to 100 projects. Pi App Studio is an AI-powered platform that was launched by Pi Network on June 28, a date recognized within the PI community as Pi2Day.
PI Price Outlook
The cryptocurrency market has experienced a downturn in recent weeks, with Bitcoin (BTC) briefly falling below $90,000 for the first time since April. While Pi Network's PI is also in negative territory on a daily scale, it has shown resilience compared to broader market leaders. Currently, PI is trading at approximately $0.22, representing a modest 0.5% decrease on a daily basis but a notable 10% increase over the past month.
Some community members maintain a bullish outlook, anticipating a significant short-term price surge. X user Marzell has suggested that a move above $0.26 could initiate a rally towards $0.37. Separately, Pi Global has predicted that PI could surpass the symbolic level of $3.14 by the end of 2025.
Market Signals Analysis
The upcoming token unlocks present a substantial volume, which could be interpreted as a bearish signal. Data indicates that nearly 160 million PI tokens are scheduled to become available within the next 30 days, potentially allowing investors to liquidate assets they have held for some time.
Conversely, the amount of PI coins held on cryptocurrency exchanges has decreased by over 1.7 million in the past 24 hours alone. This trend signifies a movement from centralized platforms towards self-custody methods, which can help reduce immediate selling pressure in the market.