PI (Pi) has fallen 1.81% in the last 24 hours.

Gate News Bot news, September 28, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.26, having fallen by 1.81% in the last 24 hours, with a high of $0.35 and a low of $0.22. The current market capitalization is approximately $2.175 billion, a decrease of about $40 million from yesterday. PI currently ranks 51st in market capitalization among Crypto Assets.

PI is a type of digital currency that can be mined on mobile phones. Its groundbreaking technology allows users to mine PI on their phones without draining the battery. The PI network aims to become a decentralized, secure, immutable, and forgery-proof digital currency. It adopts a mobile-first strategy that is user and planet friendly, easy to use, and capable of achieving scalable security without generating a lot of power 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 long or short PI, which 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 High-standard industry summit debuts

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 the industry influence of Pi Network and create opportunities for direct interaction with global Crypto Assets leaders, potentially seeking strategic cooperation for the development of the Pi ecosystem.

3️⃣ Expansion of payment network coverage

Pi Network has recently launched on Onramp Money, expanding 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 support for the PI price in the long term.

From a technical perspective, PI has recently shown a trend of fluctuating fall, decreasing by 1.81% within 24 hours. Although the project has positive developments, the market is still showing a correction trend in the short term. Considering the high volatility of the crypto assets market, investors need to closely monitor market movements 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.