PI (Pi) 24-hour pump 2.21%

Gate News Bot news, July 3, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.50, with a rise of 2.21% in the last 24 hours, reaching a high of $0.60 and a low of $0.48. The current market capitalization is approximately $3.834 billion, an increase of $82.8 million compared to yesterday.

Pi is a digital currency that can be mined through a mobile app without consuming a lot of electricity. The project aims to involve more people in the cryptocurrency revolution and create a decentralized, mobile-first, user-friendly, and environmentally friendly digital currency ecosystem. Pi Network offers a free mobile app, and users can start mining by simply using an invitation code, without draining their phone battery.

Important news about PI recently:

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

3️⃣ PI price continues to be under pressure Despite technological upgrades and ecosystem developments, 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 yet to effectively boost the price.

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