Gate News Bot news, on September 15, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently reported at $0.35, down 4.92% in the last 24 hours, with a high of $0.38 and a low of $0.34. The current market capitalization is approximately $2.861 billion, a decrease of $148 million compared to yesterday.
Pi is a cryptocurrency that can be mined on mobile phones. Through breakthrough technology, users can mine Pi on their phones without consuming power. The project aims to involve more people in the cryptocurrency revolution, creating a decentralized, mobile-first, user-friendly, and environmentally friendly digital currency.
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, providing investors with a new option to long and short PI. This move expands the trading channels for PI and is expected to enhance its market liquidity and price discovery efficiency.
2️⃣ Co-founder to attend TOKEN2049 Summit
Pi Network co-founder Dr. Chengdiao Fan 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 not only enhances Pi Network's influence in the industry but also creates opportunities for direct interaction with global cryptocurrency leaders, aiming to seek strategic cooperation for the development of the Pi ecosystem.
3️⃣ Continuous Expansion of the Ecosystem
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.
From a technical perspective, PI is showing a downward trend in the short term, with a 24-hour decline of 4.92%. This may be due to a short-term adjustment in the market following the introduction of new perpetual contract trading. However, considering the positive developments on the project side, such as participation in high-profile summits and ecosystem expansion, the long-term development prospects of PI are still worth paying attention to. Investors need to weigh short-term fluctuations against long-term development and make prudent decisions.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.
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