PI (Pi) rose 0.55% in the last 24 hours.

Gate News Bot news, on October 15, according to CoinMarketCap, as of the time of this report, PI (Pi) is currently priced at $0.21, rising 0.55% in the last 24 hours, with a high of $0.24 and a low of $0.16. The current market capitalization is approximately $1.772 billion, an increase of $9.7 million compared to yesterday. Currently, PI ranks 52nd in global Crypto Assets market capitalization.

PI is a digital currency that can be mined on mobile phones. It uses breakthrough technology that allows users to mine on their phones without consuming power. PI is a decentralized digital currency characterized by security, non-falsifiability, and interoperability. It is aimed at mobile users, with a simple and user-friendly operation, and maintains security during the scaling process without causing significant power waste.

Important news about PI recently:

1️⃣ The testnet has launched multiple DeFi features 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 use Test-Pi for token swaps, liquidity mining, and other 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 Practicality First Development Strategy In the development of new features, Pi Network emphasizes that token creation will require real application scenarios to distinguish itself from speculative meme coins. This strategy reflects the project team's emphasis on building practical value, which is expected to enhance Pi's long-term competitiveness in the Crypto Assets market.

3️⃣ Market sentiment fluctuations affect prices Recently, the cryptocurrency market has been quite volatile overall, and PI, as an emerging project, may be more susceptible to market sentiment. The 0.55% rise within 24 hours reflects a recovery in short-term investor confidence, but the long-term development prospects still need further observation.

From a technical perspective, the PI price has certain support around $0.21. On the fundamental side, Pi Network continues to promote ecosystem construction, 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.