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📅 July 3, 7:00 – July 9,
PI (Pi) fell 0.79% in the last 24 hours.
Gate News Bot message, July 4, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at $0.49, down 0.79% in the last 24 hours, with a high of $0.60 and a low of $0.48. The current market capitalization is approximately $3.767 billion, a decrease of $29.8652 million compared to yesterday.
Pi is a digital currency that can be mined on mobile phones. Its breakthrough technology allows users to mine Pi on their phones without draining the battery. The Pi network aims to be a decentralized, secure, immutable, and interoperable digital currency that is user-friendly and environmentally friendly, easy to use, and remains secure at scale.
Recent important news about PI:
1️⃣ Pi2Day event launches multiple new features At the annual Pi2Day event held on June 28, Pi Network launched the AI-driven no-code application builder Pi App Studio, as well as the new community-led staking model Ecosystem Directory Staking. These upgrades aim to enhance user participation and shift the control of application discovery back to the community, reflecting Pi Network's commitment to advancing the development of the ecosystem.
2️⃣ Large-scale token unlock is coming soon Starting from July 4th, Pi Network will release a total of 304.7 million tokens over the next 30 days, with an expected market capitalization of 151.9 million USD. On July 4th, 19.39 million tokens will enter circulation, marking the largest single-day unlock amount. This large-scale unlock may bring significant selling pressure to the market, testing the network's resilience.
3️⃣ Price continues to be under pressure Despite technological upgrades and ecosystem development, the PI price still faces downward pressure. Currently, the 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 to be taken as investment advice, and investors should be aware of market volatility risks.