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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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2. Add the tag #Gate Square Writing Contest Phase 1# to your post (minimum of 300 words).
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Essay Content Directio
- 🎉 #Gate xStocks Trading Share# Posting Event Is Ongoing!
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3️⃣ If you share on Twitter, submit post link here: https://www.gate.com/questionnaire/6854
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📅 End at: July 9, 16:00 UTC
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PI (Pi) rose 3.29% in the last 24 hours
Gate News Bot news, July 7, according to CoinMarketCap data, as of the time of publication, PI (Pi) is currently priced at 0.47 USD, with a rise of 3.29% in the last 24 hours, peaking at 0.51 USD and dipping to a low of 0.45 USD. The current market capitalization is approximately 3.56 billion USD, an increase of 113 million USD compared to yesterday.
Pi Network is the first digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine Pi on their phones without consuming power. Pi is a decentralized, secure, immutable, counterfeit-proof, and interoperable digital currency. The project is centered around mobile-first, user-friendly, and environmentally friendly principles, aiming to involve more people in the cryptocurrency revolution.
Important news about PI recently:
1️⃣ Pi Network launches new features to promote ecosystem development Pi Network launched two significant updates during the annual Pi2Day event: the AI-driven no-code application builder Pi App Studio, and the ecosystem directory staking feature. These new features aim to enhance user participation and transfer control of application discovery back to the community, reflecting Pi Network's commitment to decentralization.
2️⃣ Large-scale token unlock is about to begin From July 4th, 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 USD. The maximum daily unlocking amount will be 19.39 million tokens, occurring on July 4th. This large-scale unlocking may put some pressure on the PI price.
3️⃣ Market reaction is muted, with prices maintaining around $0.5 Despite the multiple ecosystem upgrades launched by Pi Network, the market response has been relatively tepid. The PI price still hovers around $0.5, with no significant rise observed. Technical indicators such as RSI and MACD show that the market is in a neutral stance, reflecting investors' cautious attitude towards the future development of Pi Network.
This message is not intended as investment advice, and investors should be aware of market volatility risks.