Gate News Bot Report, February 14 — According to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.15, up 9.86% in the past 24 hours, with a high of $0.16 and a low of $0.13. The 24-hour trading volume reached $32.6 million. The current market capitalization is approximately $1.362 billion, an increase of $122 million from yesterday.
Pi is the first digital currency that can be mined on a mobile phone, utilizing groundbreaking technology to achieve mining on mobile devices without draining the battery. The project has three main features: first, it achieves decentralization, providing a secure, tamper-proof, and interoperable digital currency; second, it adopts a mobile-first design that allows use on phones without battery consumption; third, it is user-friendly and environmentally friendly, easy to use, and does not generate significant electricity consumption at scale. Pi is mined through a free mobile app, and users can join simply by receiving an invitation from existing trusted network members.
Recent Important News about PI:
1️⃣ Major Upgrade Plan Boosts Market Sentiment
Pi Network announced a major upgrade scheduled before February 15, involving improvements across multiple aspects of the project. Such upgrade announcements often attract community attention and can serve as catalysts for short-term price fluctuations. The release of the upgrade plan helps boost market expectations for the project’s development prospects.
2️⃣ Declining Trading Volume and Technical Pressure
Market observations show a significant decrease in Pi’s trading volume, coupled with its hovering near historical lows, reflecting a notable decline in market participation. Although there was a 9.86% rebound in this cycle, the strength and sustainability of this bounce remain to be seen, and market doubts about the rebound’s sustainability persist.
3️⃣ Project Trustworthiness Faces Risks and Concerns
Various controversial analyses and comments about Pi Network continue to emerge, questioning aspects of the project’s model and operations. These ongoing negative sentiments may exert long-term pressure on investor confidence and indicate significant disagreements in market perceptions of the project’s fundamentals.
This news 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 Rolls Out Second Mainnet Migration Phase
The latest update from Pi Network introduces a second migration phase for its users, commonly known as Pioneers. This phase allows eligible participants to move additional Pi tokens into the mainnet environment, building on earlier migration efforts that primarily focused on initial token
Coinfomania10h ago
Coixa Applies for Pi Network KYB Certification, Expanding Ecosystem Compliance Services
Coixa Wallet has submitted a KYB authentication application to Pi Network. If approved, it will be able to provide compliant DeFi services within the Pi ecosystem. KYB authentication is an important verification mechanism for compliant platforms and helps enhance user trust. Currently, rumors have circulated regarding the transfer of billions of Pi tokens on Pi Network. Developers have clarified that this was an internal testing activity and there is no need for concern.
MarketWhisper14h ago
Pi Network Second Migration Opens, Analysts: Early Miners' Holdings Valued at $63,000
Pi Network launched its second token migration, enabling users to transfer more Pi coins from the testnet to the mainnet. Participation requires completing 2FA authentication and KYC verification. Analysts predict the potential value of 21,000 Pi held by early miners under different price scenarios, ranging from $4,200 to $63,000. This move faces real market tests.
MarketWhisper17h ago
Coixa Wallet Applies for Pi Network KYB Certification, Accelerating Ecosystem Utility Transformation
Pi Network ecosystem welcomes major development, with DeFi gateway Coixa applying for KYB certification to standardize operations and enhance network trust. Once approved, it will drive the Pi ecosystem's transformation into practical applications while meeting the latest project requirements, promising to provide users with more services.
GateNews03-24 07:37
