On June 28, known as Pi2Day in the Pi Network community, several updates were introduced, including the new Pi App Studio and node versions, yet the PI token price struggles to show stable growth.
New Node Versions in Pi Network
The launch of Pi App Studio stands out as a key update aimed at bridging AI technology with the Pi Network ecosystem. In a video released by the Core Team, it was also noted that the new node version 0.5.2, released on June 28, was renamed to Pi Desktop, followed shortly by version 0.5.3, which fixed errors and included additional features. Users were encouraged to download the new version and take advantage of the improvements.
Update on PI Token Price
Despite the updates and the launch of new products, Pi Network's native token continues to experience a price decline. Even with overall market recovery, the PI token dropped over 4% in the last day, dipping below $0.47.
Reasons for Price Instability
Some users attribute the price instability of the PI token to several factors, including low liquidity, concerns about centralization, and weak investor confidence. These issues negatively impact the market value of the token, which has struggled to maintain its price after a recent increase.
Pi Network continues to develop its ecosystem through new technologies and updates, yet the PI token faces market challenges requiring attention from developers and users.
