Pi Network continues to experience a surge of updates, highlighting its potential for growth despite recent price fluctuations. The latest development is the launch of P2P lending by PiBridge, a project dedicated to serving the Pi community. This new offering allows users to leverage their PI holdings as collateral to borrow stablecoins or participate in lending programs. This marks a significant step toward the upcoming release of PiBridge’s neobank. Meanwhile, the Pi App Studio has witnessed improvements, making app creation more accessible and customizable for all Pi Network users. The new Pi App Studio was released on June 28th, known as Pi2Day, to simplify decentralized application (dApp) development without requiring coding skills. The team also unveiled the Pi Hackathon 2025, encouraging developers to create real-world applications for the PI coin. This event, initially scheduled until October 14th, is still awaiting official details from the Pi Network. In the meantime, the price of PI has experienced volatility, plummeting to $0.19 before rebounding above $0.20. Despite this short-term decline, a positive trend emerges as trading activity shifts towards self-custody methods, resulting in reduced selling pressure. The RSI indicator further suggests potential for a bullish reversal with the current reading around 30 indicating an oversold asset. This indicates a possible rally in price, especially considering the overall market dynamics.