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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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Essay Content Directio
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PI (Pi) has risen 0.73% in the last 24 hours.
Gate News Bot news, July 7, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently reported at 0.46 USD, having risen 0.73% in the past 24 hours, with a high of 0.51 USD and a low of 0.45 USD. The current market capitalization is approximately 3.531 billion USD, having increased by 25.6 million USD 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 draining the battery. Pi is decentralized, secure, immutable, forgery-resistant, and interoperable digital currency. It adopts a mobile-first strategy, is user and planet-friendly, easy to use, and remains secure during large-scale usage without requiring significant power consumption.
Important news about PI recently:
1️⃣ Pi Network launches new features to drive ecosystem development Pi Network launched two important updates at the annual Pi2Day event: the AI-driven no-code application builder Pi App Studio, and the ecosystem directory staking feature. These new functionalities aim to promote user participation and shift the control of application discovery back to the community, reflecting Pi Network's commitment to decentralization.
2️⃣ Large-scale token unlock is about to begin Starting from July 4, the Pi Network will release a total of 304.7 million Pi tokens within 30 days, with an expected market capitalization of approximately $151.9 million. The maximum daily unlock amount will be 19.39 million tokens, occurring on July 4. This large-scale unlock may exert some pressure on the PI price.
3️⃣ Market reaction is tepid, price remains around 0.5 USD Despite the multiple ecosystem upgrades launched by Pi Network, the market response has been relatively tepid. The PI price is still hovering around $0.5, with no significant rise observed. Technical indicators such as RSI and MACD show that the market is in a neutral position, reflecting investors' cautious attitude towards the future development of Pi Network.
This message does not constitute investment advice, and investors should be aware of market volatility risks.