PI (Pi) fell 3.87% in the last 24 hours.

Gate News Bot news, July 2, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently at $0.48, falling 3.87% in the last 24 hours, reaching a high of $0.66 and a low of $0.48. The current market capitalization is approximately $3.669 billion, a decrease of $148 million compared to yesterday.

PI is a digital currency that you can mine on your mobile phone. The project uses breakthrough technology that allows you to mine PI on your phone without draining the battery. PI aims to be a decentralized, secure, tamper-proof, and interoperable digital currency that is user-friendly and environmentally friendly, easy to use, and can be safely used at scale.

Recent important news about PI:

1️⃣ Pi2Day event attracts market attention Pi Network held its annual Pi2Day event on June 28. During the event, an AI-driven no-code app builder was launched, along with a new community-led staking model aimed at promoting apps on the platform. These upgrades reflect Pi Network's commitment to fostering user engagement and shifting the control of app discovery back to the community.

2️⃣ Pi Browser adds comprehensive account management features The Pi browser has launched a new comprehensive account management feature that allows users to manage their accounts within the Pi ecosystem. Users can now directly update account information, access ecosystem applications, manage the KYC process, and prepare for exchange integration through the Pi browser. This update aims to streamline the user experience and promote further decentralization of the network.

3️⃣ PI price continues to be under pressure Despite technological upgrades and ecosystem development, the PI price still faces downward pressure. The current price encounters resistance around $0.55, making it difficult to break through. Technical indicators such as MACD and RSI show weakening momentum, suggesting that it may continue to be under pressure in the short term. Market participants' expectations for mainnet expansion, new applications, or development tools have not yet effectively boosted the price.

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