PI (Pi) fell 5.84% in the last 24 hours.

Gate News Bot news, September 26, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.27, having fallen 5.84% in the last 24 hours, reaching a high of $0.36 and a low of $0.22. The current market capitalization is approximately $2.181 billion, a decrease of about $135 million compared to yesterday.

Pi is a cryptocurrency that can be mined through mobile phones. Its breakthrough technology allows users to mine Pi on their phones without draining their batteries. The Pi network aims to be a decentralized, secure, tamper-proof, and interoperable digital currency. The project emphasizes user-friendliness and environmental friendliness, is easy to use, maintains security at scale, and does not generate excessive power waste.

Important news about PI recently:

1️⃣ XPIN perpetual contract launched on Gate platform

Gate has added the XPIN/USDT perpetual contract trading pair, supporting 1-20x leverage. This initiative expands the trading channels for PI, providing investors with new options to go long or short on PI, and is expected to enhance its market liquidity and price discovery efficiency. However, high leverage trading may also exacerbate price volatility, impacting the short-term trend of PI.

2️⃣ Co-founder will attend TOKEN2049 summit

Dr. Chengdiao Fan, co-founder of Pi Network, will deliver a keynote speech at the TOKEN2049 summit in Singapore from October 1 to 2, discussing "How Blockchain Creates Real-World Utility." This high-profile appearance is expected to enhance Pi Network's industry influence, create opportunities for direct interaction with global cryptocurrency leaders, and potentially seek strategic cooperation for the development of the Pi ecosystem.

3️⃣ The ecosystem continues to expand

Pi Network recently launched on Onramp Money, extending its payment network to over 60 countries and regions. Users can now purchase Pi Coin directly using local payment methods, significantly enhancing the accessibility and liquidity of Pi, which is beneficial for expanding its user base and market influence. This move may provide long-term support for the PI price.

From a technical perspective, PI has recently shown a trend of fluctuating decline, falling by 5.84% within 24 hours. Despite the project's positive developments, the market still shows an adjustment trend in the short term. Considering the high volatility of the cryptocurrency market, investors need to closely monitor market trends and weigh short-term fluctuations against long-term development prospects.

This message is not intended as investment advice. Investors should be aware of market volatility risks.