PI (Pi) has risen 12.94% in the last 24 hours.

Gate News Bot news, July 22, according to CoinMarketCap data, as of the time of publication, PI (Pi) is currently priced at $0.50, having risen 12.94% in the last 24 hours, reaching a high of $0.50 and a low of $0.43. The current market capitalization is approximately $38.53 billion, an increase of $441 million compared to yesterday.

Pi is the first digital currency that can be mined on mobile phones. The project uses breakthrough technology that allows users to mine on their phones without consuming power. Pi Network aims to make cryptocurrency mining simple, enabling more people to participate in the cryptocurrency revolution. The project emphasizes decentralization, mobile-first, and user- and planet-friendly features, providing free mining capabilities through a mobile application.

Important news about PI recently:

1️⃣ Mobile mining concept is in demand Pi, as the first cryptocurrency project that supports mobile mining, is gaining market attention due to its unique positioning. With the popularity of mobile devices and the increasing demand for convenient mining methods, Pi's innovative model may have attracted more investors and users' participation, driving its price rise.

2️⃣ Low barrier to entry stimulates user interest Pi Network provides free mining features through its mobile application, significantly lowering the barrier for ordinary users to enter the cryptocurrency field. This ease of use may have led to a broader user base, thereby increasing Pi's market recognition and potential demand.

3️⃣ Environmental concepts align with market trends Pi emphasizes mining without consuming electricity, which aligns well with the current market's focus on sustainable development. As investors increasingly prioritize the energy consumption of crypto projects, Pi's low energy consumption advantage may become an important factor in attracting capital inflows.

From a technical perspective, PI has experienced a significant pump within the last 24 hours, reaching a high of $0.50, indicating strong upward momentum. However, investors should remain vigilant about the potential risk of a pullback and closely monitor the project's long-term development and market changes.

This message is not intended as investment advice. Investors should be aware of market volatility risks.