PI (Pi) has risen 0.78% in the last 24 hours.

Gate News Bot news, on October 24, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.20 USD, with a rise of 0.78% in the last 24 hours, reaching a high of 0.21 USD and a low of 0.19 USD. The current market capitalization is approximately 1.689 billion USD, with an increase of 13 million USD 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. Pi is a decentralized digital currency that features security, immutability, forgery resistance, and interoperability. It adopts a mobile-first strategy, is easy to use, and remains secure during large-scale applications without causing significant electricity waste.

Important recent news about PI:

1️⃣ Testnet DeFi Function Expansion Ecosystem Pi Network has launched new features on the testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can perform token swaps and liquidity mining using Test-Pi for DeFi operations. The introduction of these new features indicates that Pi Network is actively expanding its ecosystem, laying the groundwork for future DeFi applications on the mainnet.

2️⃣ Focus on practical development strategies In the development of new features, Pi Network emphasizes that token creation will require real application scenarios to distinguish it from speculative meme coins. This strategy reflects the project's emphasis on building practical value, which is expected to enhance Pi's long-term competitiveness in the cryptocurrency market.

3️⃣ Market sentiment fluctuations affect short-term performance Recently, the cryptocurrency market has experienced significant volatility, and PI, as an emerging project, is more susceptible to market sentiment. Although there was a rise of 0.78% within 24 hours, the price of PI still shows a volatile trend over a longer time period, reflecting the unstable confidence of short-term investors.

From a technical perspective, the PI price has certain support around 0.20 USD. On the fundamental side, Pi Network continues to advance ecosystem development, but it is still in the early stages of development, and its long-term value remains to be further validated by the market.

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