The Pi Network development team recently released a series of important guidelines and updates, including an update that was just announced a few hours ago. These changes are designed to support gamers, developers, and investors in the Pi ecosystem. The updates focus not only on enhancing the user experience but also on creating strong development opportunities for developers who want to integrate their applications into the Pi platform, opening up growth potential for the entire ecosystem.
Game – A key factor in the development of Pi Network
The latest post from the Pi Core Team highlighted the importance of games in the Pi Network ecosystem. According to the development team, games are not just a tool for entertainment, but also a key factor in attracting users to participate, providing interaction, joy, and practical utilities, thereby promoting the sustainable development of Pi Network.
One of the best examples is the launch of the FruityPi game app, a game that is not only intended for entertainment but also vividly illustrates how Pi's products are integrated, such as Pi Coin, Pi Wallet and Pi Ad Network. In this way, FruityPi not only provides an engaging experience for players, but also creates a great opportunity for developers, helping them leverage Pi's large community to increase subscriber counts, attract attention, and increase engagement.
The Pi development team particularly encourages developers to integrate their games and applications into the Pi ecosystem. This not only provides an opportunity to leverage the powerful products and resources of Pi but also opens the door to access a large user community. Furthermore, developers can participate in Pi Network Ventures, a $100 million investment fund launched in mid-May. This fund is expected to support startups and innovative projects, promoting the application of Pi in the real world and contributing to enhancing the utility of the Pi Network ecosystem.
Current situation of token PI
Although Pi Network has achieved certain milestones in developing its ecosystem, not all signals are positive, especially regarding the value of the PI token. Recently, this token has experienced significant volatility. Specifically, the price of PI surged sharply from 0.6 USD to 1.7 USD in just a few days, but this increase did not last long. After the market frenzy subsided, the value of Pi Coin began to drop sharply and has now returned to the initial level of 0.6 USD.
PI Price Chart 1 Day | Source: TradingViewOne of the main reasons for this decline is the increase in the number of PI tokens that have not been unlocked recently. This creates strong selling pressure, causing the value of the token to decrease. In addition, the global economic situation is also unfavorable, especially the trade war between the US and China, which makes investor sentiment more pessimistic and negatively impacts the value of Pi Coin.
Current technical indicators also do not support a positive outlook for Pi Coin.
According to the Chaikin Money Flow indicator (CMF), Pi Network is currently witnessing an increase in outflow of funds, with the CMF index slightly dropping below the zero line. This indicates that recently, sellers have been dominating over buyers, reflecting a weakening of investor confidence in Pi currency. Consequently, the market sentiment surrounding Pi Coin is gradually shifting towards a bearish trend, making the short-term outlook for this currency bleak.
The increase in the amount of money flowing out compared to the amount flowing in is a clear sign of growing hesitation and a weakening of confidence in the future of Pi. Investors may feel uneasy, leading to a reduction in trading volume as well as uncertainty about the long-term value of the PI token.
Pi Network CMF | Source: TradingViewSimilarly, another technical indicator, the Squeeze Momentum Indicator, also indicates that Pi Network is undergoing a positive "squeeze" phase. In the chart, the black dots represent periods of low volatility, while the green dots typically appear afterward, signaling strong price movements. The current squeeze of Pi may be generating even stronger bearish momentum.
This model indicates that there is a strong possibility of a significant volatility occurring in the near future, and in the current context with negative momentum, the likelihood of Pi Coin continuing to decrease in value is very high. According to the trend of the technical model, such events often lead to a sharp decline, further reinforcing the bearish outlook for Pi Network in the upcoming period.
Squeeze Momentum Indicator of Pi Network | Source: TradingView## Future Outlook
He emphasized that the lack of transparency from the development team, especially in disclosing strategies and development plans, has created uncertainty within the investor and user community. This has not only weakened trust in Pi Coin but also reduced the ability to attract investment and the sustainable development of Pi Network.
Overall, Pi Network is currently facing significant challenges in maintaining the value of the PI token in an unstable market environment. However, the latest updates on games and applications integrated into the Pi ecosystem demonstrate the development team's focus on increasing the utility and practical value of Pi. Nevertheless, the price of the PI token is still under strong selling pressure and may continue to decline in the future without positive changes in platform management and development.
With these factors in mind, investors need to be cautious and carefully consider before making an investment decision in Pi Coin in the current context, where the value of this currency is facing many challenges.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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GateUser-75a58042
· 05-31 16:31
Sit tight and hold on, we are about to To da moon 🛫
Can the new update from the Pi Core Team save Pi Network from the plummet?
The Pi Network development team recently released a series of important guidelines and updates, including an update that was just announced a few hours ago. These changes are designed to support gamers, developers, and investors in the Pi ecosystem. The updates focus not only on enhancing the user experience but also on creating strong development opportunities for developers who want to integrate their applications into the Pi platform, opening up growth potential for the entire ecosystem.
Game – A key factor in the development of Pi Network
The latest post from the Pi Core Team highlighted the importance of games in the Pi Network ecosystem. According to the development team, games are not just a tool for entertainment, but also a key factor in attracting users to participate, providing interaction, joy, and practical utilities, thereby promoting the sustainable development of Pi Network.
One of the best examples is the launch of the FruityPi game app, a game that is not only intended for entertainment but also vividly illustrates how Pi's products are integrated, such as Pi Coin, Pi Wallet and Pi Ad Network. In this way, FruityPi not only provides an engaging experience for players, but also creates a great opportunity for developers, helping them leverage Pi's large community to increase subscriber counts, attract attention, and increase engagement.
The Pi development team particularly encourages developers to integrate their games and applications into the Pi ecosystem. This not only provides an opportunity to leverage the powerful products and resources of Pi but also opens the door to access a large user community. Furthermore, developers can participate in Pi Network Ventures, a $100 million investment fund launched in mid-May. This fund is expected to support startups and innovative projects, promoting the application of Pi in the real world and contributing to enhancing the utility of the Pi Network ecosystem.
Current situation of token PI
Although Pi Network has achieved certain milestones in developing its ecosystem, not all signals are positive, especially regarding the value of the PI token. Recently, this token has experienced significant volatility. Specifically, the price of PI surged sharply from 0.6 USD to 1.7 USD in just a few days, but this increase did not last long. After the market frenzy subsided, the value of Pi Coin began to drop sharply and has now returned to the initial level of 0.6 USD.
Current technical indicators also do not support a positive outlook for Pi Coin.
According to the Chaikin Money Flow indicator (CMF), Pi Network is currently witnessing an increase in outflow of funds, with the CMF index slightly dropping below the zero line. This indicates that recently, sellers have been dominating over buyers, reflecting a weakening of investor confidence in Pi currency. Consequently, the market sentiment surrounding Pi Coin is gradually shifting towards a bearish trend, making the short-term outlook for this currency bleak.
The increase in the amount of money flowing out compared to the amount flowing in is a clear sign of growing hesitation and a weakening of confidence in the future of Pi. Investors may feel uneasy, leading to a reduction in trading volume as well as uncertainty about the long-term value of the PI token.
This model indicates that there is a strong possibility of a significant volatility occurring in the near future, and in the current context with negative momentum, the likelihood of Pi Coin continuing to decrease in value is very high. According to the trend of the technical model, such events often lead to a sharp decline, further reinforcing the bearish outlook for Pi Network in the upcoming period.
He emphasized that the lack of transparency from the development team, especially in disclosing strategies and development plans, has created uncertainty within the investor and user community. This has not only weakened trust in Pi Coin but also reduced the ability to attract investment and the sustainable development of Pi Network.
Overall, Pi Network is currently facing significant challenges in maintaining the value of the PI token in an unstable market environment. However, the latest updates on games and applications integrated into the Pi ecosystem demonstrate the development team's focus on increasing the utility and practical value of Pi. Nevertheless, the price of the PI token is still under strong selling pressure and may continue to decline in the future without positive changes in platform management and development.
With these factors in mind, investors need to be cautious and carefully consider before making an investment decision in Pi Coin in the current context, where the value of this currency is facing many challenges.
Annie