Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Pi Network is Going Big on AI as Token Price Remains Near Record Lows

Source Beincrypto

Pi Network has published the day-by-day agenda for its first Pi Ecosystem Summit, running online from November 17 to 19. The three days end with a new developer hackathon carrying a 200,000 USDT prize pool.

The news pushed Pi Network (PI), the token of a mobile-mining crypto project, into CoinGecko’s top three trending coins. Yet PI still trades more than 97% below its February 2025 peak, leaving holders waiting for real token demand.

What the Pi Ecosystem Summit Will Show Developers

Day one centers on Pi’s developer platform, with new tools, ecosystem initiatives, and app showcases, the team says.

Artificial intelligence (AI) is the focus on November 18. Both opening days stream live on YouTube.

Pi Network founders Chengdiao Fan and Nicolas Kokkalis will also appear, according to the core team. Technical demos and new feature reveals round out the program.

Pi's first Ecosystem Summit streams on YouTube: technical demos, new feature announcements, developer conversations and Pi Network founders Chengdiao Fan and Nicolas Kokkalis.Nov 17 and 18: 8:00 AM PST / 4:00 PM UTCNov 19: new 200,000 USDT hackathon kickoffCheck out your Pi… pic.twitter.com/fMkxhnwDKa
— Pi Network (@PiCoreTeam) November 7, 2026

On the final day, the project kicks off Pi Next, a developer competition with a 200,000 USDT prize pool. The team first announced the Pi Ecosystem Summit in October, framing it as an event built around developers and their tools.

Will New Developer Tools Finally Create Token Demand?

Previous launches did little for the price. On Pi2Day in June, the project launched three Pi2Day products, but only one created direct demand for PI.

Likewise, the September SoloHost update improved Pi Desktop without adding any feature that requires spending or holding the token.

Pi Network price chart ahead of the Pi Ecosystem Summit

Pi Network Price Performance. Source: BeInCrypto

PI has slipped over the past month and now sits close to the record low it set in mid-July.

Ahead of the event, Pi Network also made four pre-summit platform changes. For holders, the real test is whether apps shown at the Pi Ecosystem Summit need PI to work. If they do not, the pattern from earlier launches could repeat.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Gold rebounds to $3,946 off $3,870 as oil does the Fed's work — but the ETF bid is still missing Gold closed at $3,946, up 1.84% from a one-year low of $3,870.25, as Brent's 7.6% slide cut December hike odds to 77%. ETF holdings are still shrinking — a short-covering bounce, not new money.

Author Irene Q.

Nov 03, Tue

Gold closed at $3,946, up 1.84% from a one-year low of $3,870.25, as Brent's 7.6% slide cut December hike odds to 77%. ETF holdings are still shrinking — a short-covering bounce, not new money.

TradingKey Daily Market Brief: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22% During the Asian trading session on November 6, the three major U.S. stock indices tumbled across the board overnight as the sell-off across the AI data center suppl

Author TradingKey

Nov 06, Fri

During the Asian trading session on November 6, the three major U.S. stock indices tumbled across the board overnight as the sell-off across the AI data center suppl

Gold Price Analysis Today | Forex Gold Analysis | XAU/USD Analysis - November 6, 2026 Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 6, 2026. Read on for the details.

Author Mitrade

Nov 06, Fri

Get the latest gold price analysis, forex gold insights, and XAU/USD analysis for November 6, 2026. Read on for the details.

Gold's $250 week runs into the last payrolls before December Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.

Author Irene Q.

Nov 06, Fri

Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.

Micron's $4.5 billion Taiwan fab won't make a chip until 2028 — the market sold it as a 2026 problem Micron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.

Author Irene Q.

Nov 06, Fri

Micron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.

Popular Symbols