Gate News Bot news, on September 18, according to CoinMarketCap data, PI (Pi) is currently priced at $0.36, with a rise of 0.60% in the last 24 hours, reaching a high of $0.38 and a low of $0.34. The current market capitalization is approximately $2.927 billion, an increase of $17.5 million compared to yesterday.
Pi is the first digital currency that can be mined on a mobile phone. Its groundbreaking technology allows users to mine Pi on their phones without consuming power. Pi is a decentralized, secure, tamper-proof, counterfeit-resistant, and interoperable digital currency. The project aims to enable more people to participate in the cryptocurrency revolution, making cryptocurrency mining simple and accessible.
Important recent news about PI:
1️⃣ XPIN perpetual contract is launched on the Gate platform
Gate has added the XPIN/USDT perpetual contract trading pair, supporting 1-20 times leverage, providing investors with a new option to long or short PI. This move expands the trading channels for PI and is expected to enhance its market liquidity and price discovery efficiency.
2️⃣ Co-founders will 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 industry influence but also creates opportunities for direct interaction with global cryptocurrency leaders, potentially seeking strategic partnerships for the development of the Pi ecosystem.
3️⃣ The ecosystem continues to expand
Pi Network recently launched on Onramp Money, expanding its payment network to over 60 countries and regions. Users can now use local payment methods to directly purchase Pi Coin, greatly 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 slight pump trend in the short term, with a 24-hour rise of 0.60%. This may be due to the positive impact brought by the newly added perpetual contract trading and the upcoming high-profile summit participation. However, considering the high volatility of the cryptocurrency market, investors should remain vigilant and pay attention to potential pullback risks.
This message is not investment advice; investors should be aware of market volatility risks.
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