PI (Pi) fell 2.17% in 24 hours

Gate News Bot message, October 09, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.24 USD, falling by 2.17% in the last 24 hours, with a high of 0.27 USD and a low of 0.23 USD. The current market capitalization is approximately 1.98 billion USD, a decrease of about 43.932 million USD compared to yesterday. Currently, PI ranks 54th in global Crypto Assets market capitalization.

PI is a digital currency that can be mined on mobile phones. Its breakthrough technology allows users to mine PI on their phones without draining the battery. PI is a decentralized, secure, immutable, counterfeit-resistant, and interoperable digital currency. It is user-friendly and environmentally friendly, easy to use, scalable for security, and does not produce significant electricity waste.

Important news about PI recently:

1️⃣ Pi Network testnet launches DEX and other 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. This initiative indicates that Pi Network is actively expanding its ecosystem and laying the groundwork for future DeFi applications on the mainnet.

2️⃣ XPIN Network has suspended withdrawal functionality for system upgrades XPIN Network announced that the withdrawal function will be temporarily suspended due to a system security upgrade. Although this move may temporarily affect user experience, in the long run, it will help enhance network security and stability, providing assurance for the healthy development of the Pi ecosystem.

3️⃣ Pi Network emphasizes a practicality-first strategy 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 focus on building practical value, which is expected to enhance Pi's long-term competitiveness in the crypto assets market.

From a technical perspective, the current price fluctuation range of PI is small, indicating that the market's assessment of its value is relatively stable. On the fundamental side, the Pi Network continues to promote 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.