PI (Pi) has risen 4.63% in the last 24 hours.

Gate News Bot news, on November 21, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.25, with a rise of 4.63% in the last 24 hours, reaching a high of $0.26 and a low of $0.21. The current market capitalization is approximately $2.074 billion, an increase of $91.8 million compared to yesterday.

Recent important news about PI:

1️⃣ EU MiCA compliance application boosts market confidence The Pi Network has officially submitted an application to the European Union's Regulation on Markets in Crypto-Assets (MiCA), which is an important step for Pi Coin to enter the European market. If the application is successful, Pi Coin is expected to gain full legal status in Europe, which will help expand its usage and market recognition. This move demonstrates the Pi Network's determination to actively embrace regulation and promote compliance, which is expected to enhance investor confidence.

2️⃣ The continuous improvement of the ecosystem drives value rise Pi Network recently made significant updates to the Pi App Studio, adding code download and upload features, and optimizing the application management interface and user experience. These improvements make the application creation process more convenient and intuitive, which is expected to attract more developers to participate in the construction of the Pi ecosystem, promote the diversification of platform applications, and enhance the practical value of Pi.

3️⃣ Market sentiment recovery drives short-term rise Recently, the cryptocurrency market has shown an overall warming trend, and PI, as an emerging project, has also benefited from this positive atmosphere. The significant rise of 4.63% within 24 hours reflects the gradual restoration of investor confidence, but attention still needs to be paid to the sustainability of the subsequent market trends.

From a technical perspective, the PI price has broken through the resistance level of 0.25 USD, showing a strong rising momentum. However, considering the high volatility of the cryptocurrency market, investors should remain cautious and closely monitor market changes. On the fundamental side, Pi Network continues to advance its ecosystem development and compliance process, but it is still in the development stage, and its long-term value awaits further verification from the market.

This message is not intended as investment advice; investors should be aware of market volatility risks.