Pi’s socially-interactive network design merges crypto with arcade gaming: everybody wins?
Pi Coin (PI) is turning the tide back to bullish, just securing a new 7-day price peak at $0.2594, getting rejected at the $0.26 resistance level. Another try to sustain above the crucial resistance might be just around the corner, as Pi Network just received a brand new real-world utility case.
Pi-Ready Game Titles Are Coming To The Mainnet
Already working on a full-fledged decentralized ecosystem with dApps & games, now Pi Core’s team is joined by CiDi Gaming. Luckily, this Web3 gaming start-up has pledged to start building Pi mainnet-integrated game titles with Play 2 Earn (P2E) opportunities.
Previously, Pi Network’s Core dev team launched FruityPi, a play on the popular Fruity Ninja game. Pi’s Web3 gaming ecosystem is being cultivated in a literal way – with the recently dropped PiOnline game, where new players can claim free land to farm goods.
Pi Coin’s Stormy Price Reaction: More To Come?
Following the news, Pi’s price bounced off the lower-tier demand zone of $0.22 with immersive success. Now, the Pioneers are peeling their eyes on the $0.29 resistance level, the technical catalyst for any short-term bullish breakouts, to extend the two-week 10% bull run. For this to happen, volumes have to pick up.
Presently, this doesn’t seem to be the case, as Pi Network’s Spot volume scored just beyond $35 million on Thursday, considerably less than similarly-ranked alts. This could be due to the ongoing migration of pre-mined Pi Coins, as currently 21 million out of 60 million Pioneers are approved for mainnet entrance.
Notably, the lack of major exchange listings (CEXs) also contributed to this issue. To sort the lack of listings, Pi Network’s team penned a MiCA-compliant whitepaper. This improves the chances of Pi Coin (PI) landing on top European crypto exchanges in the near future, sparking new demand for the mobile-mining altcoin.
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