Pi Network’s team introduced new updates yesterday and has taken to X to outline more details about how they function and how users can take full advantage.

However, the underlying asset continues to dig new lows, and its free-fall doesn’t seem to be ending soon.

New Update Explained

CryptoPotato reported yesterday the two major updates, one focusing on the AI-assisted App Planning Phase, allowing developers to create their product from an initial idea, and the other improving the backend support. In the follow-up post on the second upgrade, the team highlighted the key features and how Pioneers can benefit.

“Backend capabilities begin with persistent storage for newly created App Studio apps, allowing apps to save and retrieve user-specific data across sessions.”

Developers can build applications on the Pi App Studio with experiences that continue even after users leave and return. The example given by the team was the following: games can remember a user’s high scores, productivity apps can display again a user’s to-do lists, and note-taking applications can preserve notes automatically.

The process was quite different until now, as these applications were “largely limited to frontend-only, single-session experiences,” in which app data such as preferences or progress disappeared if users exited the app.

The team claimed that adding such support now is a “significant App Studio platform milestone because it expands what AI-created apps can practically do on Pi Network.” Persistent storage is the first capability built on this foundation, allowing a broader range of useful apps, said the team.

PI Sees New ATL

Although Pi Network’s team continues to publish relatively frequent protocol updates, the native token fails to benefit and stage a notable comeback. Just the opposite; its price direction has been mostly south.

It painted a new all-time low at the end of June at under $0.115 when the entire market corrected. It managed to rebound slightly to somewhere between $0.12 and $0.13 for a week or so but nosedived once again at the start of the current business week. It plunged to $0.1033 yesterday for a new record low before the bears initiated another leg down several hours ago.

The new low, according to CoinGecko data, sits at $0.1002. Despite rebounding by 1.5% since then, PI is still in danger of breaking below $0.10 in the very near future given the overall market sentiment and the lack of trust in the token.

Source: CryptoPotato