Pi Coin Shows Recovery Signs After Ad Network Goes Live
- In a significant step toward real-world utility, the Pi Networks Ad Network launch allows developers to earn Pi by displaying ads in their apps.
- After a slight relapse in price, Pi coins value bounced back quickly, thus regaining investors interest.
- The Pi Ad Network operates on a self-sustaining ecosystem where advertisers pay Pi, developers earn Pi, and the token is still owned by the users.
Pi Networks Ad Network an advertising system that allows developers to monetize their apps with Pi coin, has officially been launched. Last year, five community apps were used to test this feature first, and the Pi Core Team worked closely with the developers to resolve any issues.
With this launch, apps which are already present in the Mainnet Ecosystem Interface can apply to become part of the Pi Ad Network and start earning Pi coins based on user attention. Nevertheless, applying without adhering to all the developer guidelines and Mainnet listing requirements does not guarantee approval.
Positive Sentiment Around Launch Reflects in Pi Coins Recovery
Looking at Pi coins daily chart, the token experienced a brief dip as its value dropped from the $0.74 range to just below $0.62. The rebound of the token was strong nevertheless, coming back to regain its lost ground around the $0.67 zone.
This recovery speaks of a rise in investors confidence, as shown in the increase of trading.
Source: TradingView
The Stochastic RSI has been indicating its overbought, but has begun to reverse, meaning there is now room for an uptick. Also, the MACD is showing a change of momentum, fading bearish pressures and displaying a potential bullish crossover.
Real-World Use of Pi Increases with Pi Ad Network
This launch is seen as a major milestone as it allows Pi coins large user base (called Pioneers) to experience a genuine way of using apps within the network. It also allows developers to get paid directly in Pi for their apps engagement.
The Ad Network also runs a system which sustains itself; advertisers spend Pi, developers earn Pi based on user interaction, while users can own the token. Involvement in this cycle keeps the ecosystem in motion and brings real-world use of the currency.
Read more: https://www.tronweekly.com/pi-coin-recovery-signs-ad-network-goes-live/
Text source: TronWeekly
