Pi Network Price Dips Amid AI Pivot and Smart Contract Launch

Pi Network has been making significant strides in recent months, including its listing on Kraken and OKX, one of the first exchanges to list it. The developers have also pivoted to the AI industry by investing in OpenMind, a company at the intersection of AI and robotics.

The upgrade to its App Studio product will enable vibe coders to launch their applications on its platform and reach millions of users. Additionally, Pi Network is aiming to launch a KYC-as-a-Service feature that will allow companies to conduct human verifications easily.

However, the introduction of smart contracts has raised skepticism among investors, who are concerned about the saturation of this area with Ethereum rivals like Cardano and IOTA. Technical analysis suggests that Pi Network's price may hit an all-time low due to its bearish flag pattern and failure to break above key resistance levels.