Significant Update on Pi Network: A Possible Game-Changer for PI?
Recent developments in the Pi Network have opened new pathways for its users, allowing PI to be utilized as collateral for loans and investments.
The Pi Network continues to make news with its latest advancements, particularly the ability for users to employ their PI assets as collateral. This allows individuals to secure stablecoins or generate yields through lending. As stated by PiBridge, ‘Your PI doesn’t have to sleep anymore.’ This new function represents a significant step towards launching the PiBridge Neobank.
Moreover, the Pi app has seen upgrades, enhancing its usability for developers creating decentralized applications without needing coding skills. The Pi Hackathon 2025 has also been ongoing, geared towards inspiring real-world app development to widen PI’s use cases.
Recent Price Movements
The current value of the PI token dropped to $0.19 but surged back above $0.20 as the broader cryptocurrency market recovered. This fluctuation has resulted in a 26% drop over the past month and a significant 93% decline since its peak price of $3.
Two primary factors may indicate a recovery for PI. First, more than one million tokens have been removed from exchanges recently, suggesting a shift towards holding rather than selling. Second, the token’s Relative Strength Index (RSI) hovering around 30 suggests it might be oversold and positioned for a rebound as it is generally anticipated that assets with an RSI below 30 may see increasing demand.
PI Price Chart
PI Price, Source: CoinGecko
