More Than Just Mining? Pi Network Just Unlocked a New Way to Grow
Pi Network has risen by 1% in the past 24 hours, with its climb to $0.7521 coming as the crypto market as a whole falls by 2% today.
PI is now up by 32% in the past week, with this big recovery stemming from the rolling out of the Pi Ad Network, which will provide developers with a new revenue stream.
By enabling devs to integrate ads into their Pi Network-based applications, the Pi Ad Platform will introduce a strong use case for PI itself, potentially boosting its price over time.
This may also increase the likelihood that PI gains listings from Binance and other big exchanges, something which could send it surging in the coming weeks.
More Than Just Mining? Pi Network Just Unlocked a New Way to Grow
Announced in an April 10 blog post, the Pi Ad Network is now available to all Pi Network developers, who can apply to join the small group of app developers who joined a pilot a year ago.
The idea behind the Ad Network is to harness PI’s large worldwide community, translating their collective attention into ad revenue for app developers.
What’s particularly bullish about the general release of the Pi Ad Network is that, by making app development more monetizable, it will incentivize more app development, expanding PI’s ecosystem over time.
And in turn, this should boost demand for PI itself, particularly since advertisers will need to pay in PI to have their ads viewable on apps.
Of course, it’s worth remembering that developers will need to develop high-utility apps that will actually attract users and attention in the first place, but at least the rollout of the Pi Ad Network shows that the project is planning for the future.
And this is reflected in PI’s price chart today, in that its indicators show strong momentum and optimism.
For example, its RSI (purple) touched 70 again a few days and remains in a good position, likely to stay high for a while yet.
And that’s because PI’s 30-period average (orange) has only just begun rising towards the 200-period (orange), meaning there’s still plenty of time before the coin becomes overbought.
Having said that, Pi Network’s trajectory in the near term will depend on how the ongoing tariff war plays out, with the latest being that the US has exempted tech-related goods from its high tariffs on China.
This suggests a softening, and if things do improve this week then the Pi Network price could easily reach $0.80 again quite quickly.
Alternative Altcoins with Strong Rally Potential
Given that PI still hasn’t gained listings from Binance, Kraken or Coinbase, some traders may still be wary of the new coin.
However, there are plenty of alternatives for them to investigate, including several popular presale coins that may rally strongly when they list for the first time.
One of the most interesting presales right now belongs to MIND of Pepe (MIND), an ERC-20 token that has raised $7.9 million in its ICO.
With 20,000 followers on X, MIND of Pepe has become enviably popular for such a new project, with investors bullish about its plans to launch an autonomous AI agent.
Its platform will process masses of social and market data to identify emerging trends, and it will harness such trends in generating its own meme tokens.
Given the recent success of AI-generated coins such Fartcoin and Goateus Maximus (GOAT), its creations have the potential to rally strongly in their own right.
And given that you will need to hold MIND in order to gain early access to these tokens, as well as access its advice, the new coin could experience very strong demand.
You can join MIND’s presale by visiting the MIND of Pepe website and connecting a compatible wallet, such as Best Wallet.
MIND is currently selling at $0.0037115, with this price set to rise several more times before the sale ends.
The post More Than Just Mining? Pi Network Just Unlocked a New Way to Grow appeared first on Cryptonews.
