Pi Network releases important new update - PI price skyrockets 13%

After weeks of slow volatility, Pi Coin has finally shown its potential strength by recording an impressive growth of 13% in the past two days, surpassing 0.52 USD. Although Bitcoin's breakout has contributed to boosting the market, this upward momentum is not solely a byproduct of Bitcoin's trend but also a result of solid fundamental factors within the Pi Network ecosystem. According to Dr. Altcoin, a well-known analyst in the crypto space, Pi Coin may have bottomed out, and the price level of 0.4 USD is unlikely to appear again.

Pi Coin has bottomed out

Source: piscanAlongside supply and demand factors, one of the important strategic moves of Pi Network is a strong investment in the field of artificial intelligence (AI). Recently, Pi Network introduced Pi AI Studio, a platform that allows developers to build and deploy AI projects right within the Pi ecosystem. This move not only increases the usage of Pi Coin in real-world applications but also opens up a significant opportunity for Pi to play an important role in the highly potential AI market.

Spock, a community analyst, stated that if Pi can capture just 1% of the total projected market value of AI, which is expected to reach 16 trillion USD by 2030, then the market capitalization of Pi could reach 160 billion USD – a huge figure compared to the current 3.97 billion USD. This means that the value of Pi could skyrocket, surpassing the threshold of 22 USD in the long term, increasing 46 times from the current price.

The price increase of Bitcoin pushes Pi higher

One factor that cannot be overlooked in the strong growth of Pi Coin is the breakthrough of Bitcoin, as this currency continuously sets new all-time high prices. The strong growth of Bitcoin has boosted the entire cryptocurrency market, and Pi Coin is no exception to this trend.

Recently, the price of Pi Coin has surpassed the 0.45 USD level and has maintained stability around the 0.5 USD mark, marking the first strong growth momentum this month. Many investors and industry experts believe this is a sign that Pi is entering a new phase of development. Notably, the MACD indicator has recently issued a bullish crossover signal, indicating a positive outlook for Pi Coin.

PI price chart | Source: TradingView## Technical improvements

In addition to the fundamental factors of supply and demand and the market, Pi Network is also continuously improving its system and software to ensure stability and long-term development. The recently released version 0.5.3 of the core node software focuses on improving connectivity with the blockchain explorer and enhancing system performance.

According to Nicolas Kokkalis, co-founder of Pi Network, the new update not only improves the stability of the nodes but also simplifies the setup process for node operators, making it easier for them to join and maintain the network. The system also includes an automatic update feature, which helps minimize risks from manual installation and ensures that operators are always using the latest version of the software. These improvements play a crucial role in maintaining transaction integrity and minimizing technical disruptions.

This update also highlights the strong trend of Pi Network's shift towards open-source development. With the emergence of initiatives such as PiOS and Pi Apps Developer Sandbox, this platform has expanded the creative space for developers, providing them with greater freedom to experiment and deploy decentralized applications on the Pi network. This not only creates sustainable development opportunities for the ecosystem but also encourages continuous innovation within the community.

The 0.5.3 update is also built on previous important milestones, including features such as advanced account recovery options and the integration of decentralized applications (dApp) developed by the community itself. These initiatives not only enrich the utility but also encourage participation and contributions from developers, making Pi Network an attractive platform for both users and creators.

Pi Network continues to offer incentives to encourage participants such as rewards for nodes, rewards for security circles, and utility-based interactions, in order to promote continuous participation and expand the Pi user community.

Although the development process of Pi Network is not without challenges, especially with the delays related to the Pi App Studio, many community leaders still maintain an optimistic spirit. John Lang, the head of the Pi Network community, asserts that the true value of Pi lies not only in its current value but also in the continuous development of the platform and the utility that Pi brings in the long term. Developers and the Pi user community will be key factors in creating sustainable success for Pi Coin in the future.

Pi Coin is experiencing strong growth, thanks to the right strategies regarding supply and demand, investment in AI technology, and continuous technical improvements. Despite the difficulties and challenges during the development process, Pi Network remains confident in its future, especially as the community of users and developers plays a crucial role in promoting the development of the platform.

It is expected that Pi Coin will continue to expand and become one of the leading cryptocurrencies in the new era, where technology, AI, and cryptocurrency blend to create real value for users.

Taylor