PI (Pi) rose 1.00% in 24 hours

Gate News Bot news, on November 19, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.23, with a rise of 1.00% in the last 24 hours, reaching a high of $0.23 and a low of $0.21. The current market capitalization is approximately $1.89 billion, with an increase of $18,600 compared to yesterday.

Pi is a digital currency that can be mined on mobile phones without draining the battery. The project aims to allow more people to participate in the cryptocurrency revolution, overcoming the difficulties and investment risks associated with traditional cryptocurrency mining. The Pi Network employs groundbreaking technology, making it a decentralized, secure, tamper-proof, and interoperable digital currency, while being friendly to users and the environment.

Recent important news about PI:

1️⃣ Pi App Studio feature upgrade to optimize user experience Pi Network has made significant updates to the Pi App Studio, adding code download and upload features that allow creators to edit application code locally and re-upload compatible custom versions. This update also includes a new application management interface and improvements to the “My Apps” page, optimizing the application creation process to be more organized, accessible, and intuitive. These enhancements are expected to attract more developers to participate in building the Pi ecosystem and promote the diversified development of platform applications.

2️⃣ The DeFi features of the testnet continue to improve Pi Network has launched a series of new features on the testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and a token creation tool. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The launch of these features indicates that Pi Network is actively expanding its ecosystem, laying the groundwork for DeFi applications on the mainnet, and is expected to enhance the project's practicality and appeal.

3️⃣ Market sentiment warms up driving short-term rise The cryptocurrency market has recently shown an overall warming trend, and PI, as an emerging project, has also benefited from this positive atmosphere. The 1.00% rise in the past 24 hours reflects the gradual recovery of investor confidence, but attention still needs to be paid to the sustainability of future market trends.

From a technical perspective, the PI price shows certain support and resistance around $0.23. On the fundamental side, Pi Network continues to promote ecosystem construction and functional optimization, but it is still in the development stage, and its long-term value remains to be further validated by the market. Investors need to closely monitor the project's technical progress and market reactions, and assess investment risks rationally.

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