Gate News Update, December 19 — According to CoinMarketCap data, as of the time of publication, the price of PI (Pi) is currently $0.20, down 0.58% over the past 24 hours. It reached a high of $0.21 and a low of $0.19. The current market capitalization is approximately $17.02 billion.

Pi is the first digital currency that can be mined on a mobile phone. The project uses pioneering technology that allows users to mine via a mobile app without draining the battery. Pi features decentralization, security, tamper-proofing, and interoperability. It is an easy-to-use, environmentally friendly digital asset. Users do not need to invest and can mine for free simply by inviting trusted members to join the network, download the app, and start mining.
## Important latest news about PI:
1️⃣ **Shift in motivation towards practical application of the ecosystem to support long-term value narrative**
Pi Netwo