Gate News Bot Report, February 24 — According to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.16, up 3.58% in the past 24 hours, with a high of $0.19 and a low of $0.16. The current market capitalization is approximately $1.511 billion.
Pi is the first digital currency that can be mined on mobile phones, utilizing breakthrough technology to enable mining on mobile devices without draining the battery. PI adopts a decentralized design, providing a secure, tamper-proof, and interoperable digital currency; it also features a mobile-first approach, consuming minimal power, user-friendly, and easy to use. Users can start mining through a free mobile app, requiring only an invitation from existing trusted members in the network to download the app and join.
Important Recent News about PI:
1️⃣ Price Rebound Trend Gradually Confirmed
PI has recently experienced a clear rebound. After an initial correction, PI tokens stabilized and showed an upward trend. The 3.58% increase reflects a gradual restoration of market confidence. Looking at the price range, $0.16 acts as support, while $0.19 is a short-term resistance level, overall showing a pattern of bottoming out and consolidating.
2️⃣ Market Attention Continues to Rise
Key price levels of PI over the past week have attracted widespread market attention, including technical analysis of failed breakouts and trading opportunities during the rebound process. This sustained market focus helps maintain investor awareness of the token and provides a foundation for price stability.
3️⃣ Mobile Mining Advantages Remain Prominent
As the first digital currency that can be mined on mobile phones, PI’s low energy consumption and user-friendly features continue to maintain strong competitiveness in the market. The free app model lowers participation barriers, and this innovative consensus mechanism and decentralized design continue to attract users interested in the mobile ecosystem.
This message is not investment advice. 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
Disclaimer.
Related Articles
Pi Network restarts the migration, and 30 million Pi have been transferred into users’ wallets
Pi Network resumed mainnet migration after a pause, transferring about 30 million Pi tokens to users’ wallets, mainly targeting users who have completed KYC. The first migration has been completed, and a second migration is currently underway, with the core team emphasizing batch processing. Some false information appeared during the process; the official account has issued a clarification, reminding users to obtain information through official channels.
MarketWhisper9h ago
Pi Network version 21 released; mainnet RPC and smart contract acceleration are advancing
Pi Network released version 21 on April 9. The key update is that the testnet RPC has officially gone live, providing developers with a secure environment to test smart contracts and DApps. Next, smart contracts are expected to be deployed within two months, enabling Pi幣 to transition from a community token into a functional digital asset and to support DeFi applications and automated workflows, while also advancing the KYC migration to ensure compliance.
MarketWhisper14h ago
Pi Network Launches RPC Server on Testnet for Smart Contracts
Pi Network has introduced a new tool for developers. The project has launched an RPC server on its testnet. This update is an important step toward building smart contracts and real applications on the network
For now, the feature is only available in the test environment. Still, it shows that Pi
Coinfomania14h ago
Pi Launchpad 12 Grid testnet launch, pioneer token distribution completed
Pi Network recently launched a token distribution test for the Pi Launchpad. More than 300k users participated, staking 24 million Test-Pi. The core architecture “12 Grid” enables end-to-end token delivery, and all transactions are publicly verifiable. This test confirmed the system’s feasibility and paved the way for a future official launch. The upgrade roadmap includes the PiRC1 framework and Protocol 23, which will be rolled out in April and May, respectively.
MarketWhisper04-09 05:21
Pi Launchpad Testnet Begins 12 Grid Token Distribution Trial
Pi Network has taken another step toward building its ecosystem. A new update shows that its Launchpad feature has started testing token distribution on the testnet. This test uses a system called the “12-Grid.” While the name may sound complex, the idea is simple. It allows users to subscribe to a
Coinfomania04-08 18:02
Pi Launchpad Testnet launches 12-grid token distribution, Pi Network ecosystem takes a key step forward
Pi Network is testing its Launchpad functionality, introducing a “12-grid” token distribution system where users can obtain and verify tokens by subscribing to projects. Test results show the system is stable and supports future ecosystem development. Although it is still on the test network, it has already laid the groundwork for the project’s token distribution and smart contract applications. Overall, the project is moving toward a complete blockchain ecosystem.
GateNews04-08 09:51
