Pi Network’s Newest Big Update for PI Investors, Developers, and Gamers: Information
PI In the meantime, price continues to struggle with another huge plunge.
The team behind the job released a new post committed to designers, financiers, and gamers, which includes specific guidelines. The native token has been struck hard once again due to the overall market-wide crash, and has eliminated all the gains registered since the hype rally earlier this month.
This One Is for Users, Players, Developers
Pi Network’s Core Group typically releases (or reconditions) guidelines and updates for all of its users, and the most recent one, which went live hours ago, is mainly targeting players, designers, and PI investors. It reads that games, in general, and those constructed on its network, are particularly important for user participation as video gaming is a “strong suitable for driving fun, engagement, and utility in the Pi environment.”
The post highlights the launch of a brand-new game app, called FruityPi, which “demonstrates how integration with multiple Pi products like Pi cryptocurrency, Pi Wallet, and Pi Advertisement Network can benefit developers.” It is also marketed that it can utilize what the job’s community has to offer, such as signups, attention, and the aforementioned engagement.
The team also encouraged designers to incorporate their freshly minted games with Pi’s ecosystem, as it will allow them to take advantage of all of its items and collective resources. If the app manages to gain traction from Pi users, then they should also “apply to Pi Network Ventures.”
As previously reported, Pi Network Ventures is a $100 million fund that launched in the middle of the month, which aims to invest in startups that advance the utility of real-world Pi adoption.
PI’s Price Keeps Dropping
Interestingly, when the team first hinted about a significant announcement coming later in May (which was on May 8), the community was quick to pick up the news and blow it out of proportion. As a result, the native token surged from $0.6 to roughly $1.7 within days.
However, that hype-driven rally was short-lived, and the asset started to decline even before the Pi Network Ventures announcement went live. Since then, PI’s price woes have only deepened, and the market-wide correction in the past 48 hours didn’t help. PI is down by 10% in the past day alone and has returned to its starting position of around $0.6. PI Token Price. Source: CoinGecko
Perhaps one other reason behind the significant price dump is the growing number of unlocked PI tokens in the past few weeks. More on this you can learn here, and why it might be a worrying trend for PI’s future price movements.
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