Pi Network Updates App Studio, PI Price Up 10% Monthly

Pi Network continues to release ecosystem updates while the price of its cryptocurrency, PI, has seen a monthly increase. Recent developments focus on enhancements to the Pi App Studio and evolving price predictions.

Pi Network recently announced a new capability within Pi App Studio, allowing creators to download and re-upload modified source code. The platform aims to simplify app creation for non-technical users while also providing tools for technical developers to prototype applications. According to an announcement, “Since the App Studio makes Pi integration and app deployment simple, developers can save time and focus on building their actual products.”

Further improvements include a reorganized “My Apps” section with search filters and the ability to rename applications. The app creation limit has also been increased from 10 to 100 projects. Pi App Studio was launched on June 28, known as Pi2Day within the PI community.

The price of PI is currently trading at approximately $0.22 (according to CoinGecko data), a 0.5% daily decrease but a 10% increase over the past month. This performance contrasts with broader cryptocurrency market trends, where Bitcoin (BTC) has recently fallen below $90,000.

Some community members are optimistic about the future value of PI. X user Marzell believes a move above $0.26 could initiate a rally to $0.37. Pi Global predicts PI could reach $3.14 by the end of 2025.

Upcoming token unlocks, totaling nearly 160 million PI in the next 30 days, pose a potential downward pressure. This allows investors to sell previously held assets.

Conversely, the amount of PI held on cryptocurrency exchanges has decreased by over 1.7 million in the last 24 hours, indicating a shift towards self-custody and potentially reducing immediate selling pressure.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.