PI (Pi) fell 1.89% in the last 24 hours.

Gate News Bot news, on November 5th, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.22, having fallen by 1.89% in the last 24 hours, with a high of $0.29 and a low of $0.20. The current market capitalization is approximately $1.816 billion, a decrease of about $34.9842 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. Pi is a decentralized, secure, tamper-proof, and interoperable digital currency. It is user-friendly and environmentally friendly, easy to use, can operate securely on a large scale, and does not generate significant power waste.

Important news about PI recently:

1️⃣ The DeFi features of the testnet continue to improve Pi Network has launched new features on its 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 DeFi applications on the future mainnet.

2️⃣ Strategic Investment to Expand AI Application Scenarios Pi Network's investment arm, Pi Network Ventures, has made a strategic investment in OpenMind, and the two parties will jointly build a decentralized operating system for robots. This initiative is expected to expand the application scenarios of Pi Network and enhance its influence in the fields of AI and robotics.

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. The 1.89% fall within 24 hours reflects the instability of short-term investor confidence, but it remains within the recent range of fluctuations.

From a technical perspective, the PI price shows some support around $0.22. On the fundamental side, Pi Network continues to promote ecosystem development and strategic partnerships, but it is still in the development stage, and its long-term value needs further market validation.

This message does not constitute investment advice; investors should be aware of market volatility risks.