PI (Pi) fell 3.68% in the last 24 hours.

Gate News Bot news, October 30, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.26, having fallen by 3.68% in the last 24 hours, reaching a high of $0.29 and a low of $0.20. The current market capitalization is approximately $2.116 billion, a decrease of $80.9231 million compared to yesterday.

Pi is a digital currency 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 cryptocurrency that features security, immutability, forgery-resistance, and interoperability. The project aims to enable more people to participate in the cryptocurrency revolution, making cryptocurrency mining simple and accessible.

Important news about PI recently:

1️⃣ Testnet DeFi Functionality 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 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 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 been quite volatile, and PI, as an emerging project, is more susceptible to market sentiment. Although PI has seen a significant increase recently, it subsequently experienced a pullback, falling 3.68% within 24 hours, reflecting the instability of short-term investor confidence.

From a technical perspective, the PI price is experiencing some pressure around $0.26. 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 needs further validation by the market.

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