Gate News Bot news, on September 29, according to CoinMarketCap data, PI (Pi) is currently priced at 0.27 USD, with a rise of 1.51% in the last 24 hours, reaching a high of 0.29 USD and a low of 0.26 USD. The current market capitalization is approximately 2.196 billion USD, which is an increase of 32.6 million USD compared to yesterday.
PI is a digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine PI on their phones without draining the battery. PI is a decentralized, secure, immutable, counterfeit-resistant, and interoperable digital currency. It works in a mobile-first manner, is user-friendly, and is secure at scale without causing significant electricity waste.
Important news about PI recently:
1️⃣ Perpetual Contract Trading Expansion
The Gate platform has added the XPIN/USDT perpetual contract trading pair, supporting 1-20x leverage. This move expands the trading channels for PI, providing investors with new options to go long or short on PI, which is expected to enhance its market liquidity and price discovery efficiency. However, high-leverage trading may also exacerbate price volatility, impacting PI's short-term trend.
2️⃣ High-standard Industry Summit Debuts
Pi Network co-founder Dr. Chengdiao Fan will give 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 the industry influence of Pi Network, create opportunities for direct interaction with global cryptocurrency leaders, and potentially seek strategic partnerships for the development of the Pi ecosystem.
3️⃣ Expansion of payment network coverage
Pi Network has launched Onramp Money, extending its payment network to over 60 countries and regions. Users can now directly purchase Pi Coin using local payment methods, greatly enhancing the accessibility and liquidity of Pi, which is beneficial for expanding its user base and market influence. This initiative may provide long-term support for the PI price.
From a technical perspective, PI has recently shown a fluctuating trend. Although it has risen by 1.51% in the last 24 hours, the price is still in an adjustment phase compared to the declines of the previous days. 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 does not constitute investment advice, and investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
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