Pi Network (PI) News Today: November 19th

The recent crash of the crypto market hasn’t hit PI as hard.

The controversial crypto project Pi Network continues to roll out ecosystem updates, whereas the price of PI remains in green territory on a monthly scale.

In the following lines, we will explore all recent developments and outline some interesting predictions coming from analysts.

The Latest Update

A few days ago, the team behind Pi Network announced that Pi App Studio now features a new capability, enabling creators to download their app’s source code and re-upload custom edits. It assured that the product remains focused on facilitating “non-technical people to create, deploy, and run online apps.”

The upgrade is also supposed to make Pi App Studio more useful for technical developers, allowing them to quickly prototype applications and then continue development on top of them.

“Since the App Studio makes Pi integration and app deployment simple, developers can save time and focus on building their actual products,” the announcement reads.

Pi App Studio launched additional features to make app creation “more organized, accessible, and intuitive,” whereas the new code download/upload capability aims to bridge creator and developer experiences.

There were also improvements to the “My Apps” section, which now include a search function, sorting filters, and a dropdown menu for renaming or managing applications. For its part, the app creation limit has been increased from 10 to 100 projects.

Pi App Studio is an AI-powered platform launched by Pi Network on June 28, a date known across the PI community as Pi2Day.

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PI Price Outlook

The cryptocurrency market has headed south in the past few weeks, with Bitcoin (BTC) briefly dumping below $90,000 for the first time since April.

While Pi Network’s PI is also in red territory, it has performed much better than the industry leaders. Currently, it trades at around $0.22 (per CoinGecko’s data), representing a mere 0.5% decrease on a daily scale and a 10% pump over the past month.

Some community members remain bullish, expecting the valuation to skyrocket in the short term. X user Marzell thinks a move above $0.26 could trigger a rally to as high as $0.37, while Pi Global predicted that PI could cross the symbolic level of $3.14 by the end of 2025.

Mixed Signals

The upcoming token unlocks are substantial and can be interpreted as a bearish factor. Data shows that nearly 160 million PI will be freed up in the following 30 days, which will give investors the chance to sell assets they have been waiting for some time.

On the other hand, the amount of coins stored on crypto exchanges has shrunk by over 1.7 million in the past 24 hours alone. This marks a shift from centralized platforms to self-custody methods, which reduces the immediate selling pressure.