The Pi Network (PI) is increasing after a major announcement that the new decentral financing features (Defi) are now available on the test network. With the current coded currency is about $ 0.26 after that Shatter In the past few months, the new promotion report raised a question about whether these developments could lead to a strong return to raise 900 % to $ 2.98.
Can the new PI promotions lead to high prices?
Pi Network faced a devastating correction for eight months, He decreased from his highest level in February at $ 2.98 To about $ 0.26 today. Decrease Eraser More than 18 billion dollars of value in only six months, which caused deception of deception Selling of whale dense sales The rapid morale turned the market to a declining cycle.
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At the current levels, the cryptocurrency will need a height of approximately ten times to reach its highest level ever. Such a recovery is theoretically possible in encrypted currency markets, as important developments often lead to enormous gains. However, with PI price has decreased over 85 % Among the levels of peak, the height of this size remains uncertain.
Despite its decline, optimism has come back to appearing after the latest updates of the PI Network, which could indicate a shift from speculation to sustainable benefit. According to the PI Core team on social media X, the launch of the PI Dex, AMM liquidity complexesTestnet creation tools are the beginning of the new decentralized financing age. These tools allow the Pioneers to exchange currencies, provide liquidity, seize symbolic currencies for the test, and explore decentralized financing mechanisms in a safe test environment.
team male The experimental version is designed to educate society and prepare it for the launch of Mainnet Defi on a large scale where it is real. PI codes It can enhance transactions and liquidity. They also mentioned that the Pi Network is to enhance the long -term WEB3 growth through its designed system of facilities, applications and cases of use in the real world. They added that this vision represented in the value of the value is constantly supported by the infrastructure of PI, The global community verified by KycPI welding, environmental system applications, .Pi domains, OI, Stacking and more.
Diving deeper into the decentralized financing revolution of the PI network
Expansion of the decentralized financing of the PI network, which was revealed by the founder, Dr. Chengdiao Van at a conference Token2049 World Conference in SingaporeIt is a strategic axis towards creating concrete value within its Blockchain environmental system. According to the public blog post, the network is Release The PI Dex and AMM group will enable the community to build their Dex and AMM facades in a safe test space. The team noted that this job is still restricted to the main network at the present time and is not suitable for use or for any other purposes.
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The capabilities of creating a distinctive symbol on the network will also enable developers to mint the distinctive codes for the test on the Pi Testnet, simulating economics at the level of application, community bonus systems, and specially -based symbols based on service. When the feature is transmitted to the main network, the blog post highlights that strict guidelines will guarantee only approval of the distinctive symbols that depend on facilities, not empty incentives mechanisms such as nime currencies. This reduces The risk of speculation It encourages sustainable growth.
Distinctive image from Adobe Stock, the tradingView.com chart
The post Is A 900% Rally To $2.98 ATH Possible As Pi Network Announces New DeFi Updates? first appeared on Investorempires.com.
