Pi Network (PI) News Today: December 31

Given the Holiday season and the overall calmness in the cryptocurrency markets, Pi Network’s team has also been quiet recently, but there are still some developments worth mentioning as the year is coming to a close.

Meanwhile, the project’s underlying asset continues to show strength around the pivotal support level at around $0.20, and there are some hints about a potential resurgence.

Holiday Cheers

CryptoPotato reported recently Pi Network’s Holiday move, called the Community Commerce Initiative, in which it invited its user base to participate and take advantage of discounts in certain apps and merchants that accept the PI token. The team also hosted a community raffle to make the new movement more exciting, featuring Pi-branded merchandise, including T-shirts and hats.

In a subsequent post, the Core Team provided more details on the move via a video on X and outlined the Holiday design update for one of the popular Pi-native games, FruityPi. They said the new version is refreshed with new music, animations, and user engagement.

Before that, Pi Network highlighted significant updates to two of its systems in development – the testnet decentralized exchange (DEX) and the Automated Market Maker (AMM). Perhaps the most notable change involved the shift toward Pi-denominated liquidity pairs, which aims to position the project’s native token as the primary base asset across the testnet exchange.

It mirrors liquidity models from other, more established DeFi ecosystems, where concentrating liquidity around a dominant asset reduces fragmentation and should improve price stability.

The team further informed that both the DEX and AMM interfaces have received refreshed looks, which should simplify navigation and reduce friction for newcomers.

Will PI Rebound Soon?

The aforementioned price stability for PI has indeed arrived, at least according to the asset’s most recent moves. Ever since the October and November volatility, in which the token pumped toward $0.30 only to be rejected and driven south, it has remained sideways at just over $0.20 with a few brief deviations.

That support has held during the recent market calmness, and PI now sits inches above it after a minor daily increase of around 1%. Recent exchange movements indicate that investors have been pulling out tokens from trading platforms, which could also ease the selling pressure, and perhaps be among the catalysts of a price revival.

Something else that could boost PI’s price movements is a possible listing on the world’s largest crypto exchange, Binance. In this article, we review the odds of such a development through the eyes of AI platforms.

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