PI (Pi) rose 5.77% in the last 24 hours.

Gate News Bot news, on August 21, according to CoinMarketCap data, PI (Pi) is currently priced at $0.37, with a rise of 5.77% in the last 24 hours, reaching a high of $0.41 and a low of $0.34. The current market capitalization is approximately $2.882 billion, an increase of $157 million compared to yesterday.

Pi is a cryptocurrency that can be mined on mobile phones. Its groundbreaking technology allows users to mine Pi on their phones without consuming electricity. The goal of the Pi network is to establish a decentralized digital currency and smart contract platform that enables everyday people to participate in the cryptocurrency revolution. Pi adopts a mobile-first strategy, is user-friendly and environmentally friendly, achieving security and scalability without significant power consumption.

PI recent important news:

1️⃣ Market sentiment improvement drives price rise

PI recorded a rise of 5.77% in the past 24 hours, rising from $0.34 to $0.37, with a peak of $0.41. This rise may reflect an improvement in overall sentiment in the cryptocurrency market, especially in the context of significant rises in some popular tokens.

2️⃣ The concept of mobile mining continues to attract user attention.

The unique mobile mining model of the Pi network continues to attract user interest. Its low energy consumption and user-friendly features allow everyday users to easily participate in the cryptocurrency ecosystem. This advantage may become more prominent in the current market environment, helping PI maintain strong market attention.

3️⃣ The potential for the development of decentralized ecosystems is recognized.

The goal of PI is to establish a decentralized digital currency and smart contract platform, which aligns with the current cryptocurrency market's enthusiasm for decentralized applications. This development direction may gain recognition from investors and become one of the potential factors supporting the price of PI.

From a technical perspective, PI has shown certain upward momentum after breaking through the previous low of $0.34. If it can maintain a position above $0.37, it may attract more buying interest. However, considering the high volatility of the cryptocurrency market, investors should remain vigilant about potential pullback risks.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.