Story Highlights
- Pi Network launches FruityPi game to demonstrate real-world use of its tools like Pi Wallet and Pi Ad Network, boosting developer engagement.
- Despite new gaming utility, Pi coin faces selling pressure, dropping over 9%, with analysts predicting a possible slide to $0.40 before recovery.
Pi Network is entering the gaming space to boost activity and show real use for its tools. The Pi Core Team has officially launched FruityPi, a new game app built to showcase how Pi’s tools, like the Pi cryptocurrency, Pi Wallet, and Pi Ad Network, can be smoothly integrated into real-world applications.
The Pi Core Team sees gaming as a perfect way to mix fun with real utility. Developers can benefit from Pi’s large, active community by getting more users, signups, and attention for their games.
Pi Network Boosts Gaming with Real Utility
Pi Network is inviting developers to build with its tools, like the Pi Wallet for in-game currencies and the Pi Ad Network for monetization. If the game becomes popular within the Pi ecosystem, then users could also apply to Pi Network Ventures. Earlier this month, PiCore launched a $100 million fund, Pi Network Ventures, to back projects building decentralized apps on Pi’s platform.
Analyst Mr Spock shared a live example of real utility on the Pi Mainnet from the Fruity Pi app. He shared three key takeaways: Firstly, the mainnet utility is active, and Pi is being spent and accepted in real apps, which shows real adoption.
Next, Sellers are independently setting their prices, such as 0.1 Pi for a power-up, so there are no fixed rates like the GCV (Global Consensus Value). Finally, the price is fully decentralized and controlled by developers and users, and not the Pi Core Team.
He shared that this is a real example of real utility, real payment, and real decentralization at work, where the power to decide the price lies with the community.
Pi Coin Drops Over 9%
Pi coin is currently trading at $0.6177, and is down over 9% in the past day. Around 9.8 million tokens are set to be unlocked today, which will further add to the selling pressure. If Pi coin falls below the key level of $0.60, it could slide to April’s low of $0.40.
Most technical indicators for Pi Coin show a bearish trend, with many oscillators and moving averages signaling “Sell” or “Neutral.” Overall, the charts point to a continued downward pressure on the price.
Analyst Dr Altcoin has said that Pi’s price will likely drop until the end of August and then gradually recover. He says it could go down to $0.40, unless the Pi Core Team becomes more transparent.
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