PI (Pi) rose 2.60% in the last 24 hours.

Gate News Bot news, July 3, according to CoinMarketCap data, as of the time of publication, PI (Pi) is currently priced at 0.49 USD, rising 2.60% in the last 24 hours, with a high of 0.60 USD and a low of 0.48 USD. The current market capitalization is approximately 3.768 billion USD, an increase of 95.5 million USD compared to yesterday.

Pi is a digital currency that can be easily mined on a mobile phone without consuming power. The project aims to involve more people in the cryptocurrency revolution, with its groundbreaking technology allowing users to mine on their phones without draining the battery. The Pi network is decentralized, offering a secure, tamper-proof, counterfeit-resistant, and interoperable digital currency. The project emphasizes user-friendliness and environmental protection, being easy to use and capable of large-scale secure deployment without requiring a lot of power.

Important news about PI recently:

1️⃣ Pi2Day event brings significant updates Pi Network held its annual Pi2Day event on June 28, launching two core features: the AI-driven no-code application builder Pi App Studio and the staking feature for the ecosystem directory. These updates are designed to promote user engagement and application development, driving the growth of the Pi ecosystem.

2️⃣ Third-party Deposit Service Onramper Integration The Pi wallet has integrated the KYB-verified third-party deposit aggregation service Onramper, simplifying the process for users to deposit fiat currency to purchase cryptocurrencies. This provides more users with a convenient way to participate in the Pi mainnet ecosystem, which is expected to increase the liquidity and utility of Pi.

3️⃣ Node Update and Mainnet Migration Optimization Pi has released node version 0.5.2, which includes several key updates, such as the renaming of the application to Pi Desktop, enhanced security, and more. At the same time, through measures like the KYC "sync" button, it has unlocked the mainnet migration channel for over 500,000 users who were previously unable to migrate, promoting further decentralization of the network.

From a technical perspective, the PI price is currently fluctuating around $0.49, facing some pressure in the short term. If it can break through the resistance level of $0.60, it is expected to open up further rise potential. However, 309 million tokens will be unlocked in July, which may put some pressure on the price. Investors need to closely monitor the actual application progress of the Pi ecosystem and the token unlocking situation.

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