PI (Pi) rose by 5.88% in the last 24 hours.

Gate News Bot message, on October 13, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at $0.21, having risen 5.88% in the last 24 hours, with a high of $0.27 and a low of $0.16. The current market capitalization is approximately $1.773 billion, an increase of $98.4 million compared to yesterday. Ranked 52nd.

Pi is a cryptocurrency that can be mined on mobile phones. Through breakthrough technology, users can mine Pi on their phones without draining the battery. Pi is a decentralized digital currency with secure, immutable, counterfeit-resistant, and interoperable characteristics. It adopts a mobile-first strategy, is easy to use, secure at scale, and does not cause significant power waste.

Important news about PI recently:

1️⃣ Testnet launches 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 swapping, liquidity mining, and other DeFi operations. The introduction of these new features indicates that Pi Network is actively expanding its ecosystem, laying the foundation for future DeFi applications on the mainnet.

2️⃣ Focus on practical priority development 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 cryptocurrency market.

3️⃣ Market sentiment fluctuations affect prices Recently, the cryptocurrency market has been quite volatile, and PI, as an emerging project, may be more susceptible to market sentiment. The 5.88% 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, after the PI price broke through the support level of $0.20, it has rebounded, and there is currently some resistance around $0.27. On the fundamental side, Pi Network continues to advance the construction of its ecosystem, 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 an investment advice. Investors should be aware of market volatility risks.