PI (Pi) fell 4.88% in the last 24 hours.

Gate News Bot news, on October 28, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.23 USD, with a 4.88% fall in the last 24 hours, reaching a high of 0.29 USD and a low of 0.19 USD, with a 24-hour volume of 118 million USD. The current market capitalization is approximately 1.911 billion USD, a decrease of 98.0148 million USD compared to yesterday.

Important news about PI recently:

1️⃣ Testnet DeFi Functionality Expansion Ecosystem Pi Network has launched new features on its testnet, including a decentralized exchange (DEX), automated market maker (AMM) liquidity pools, and token creation tools. Users can use Test-Pi for token swaps, liquidity mining, and other DeFi operations. The introduction of these new features indicates that Pi Network is actively expanding its ecosystem and laying the groundwork for future DeFi applications on the mainnet.

2️⃣ Focus on Practical Development Strategies In the development of new features, Pi Network emphasizes that token creation will require real application scenarios to distinguish it from speculative meme coins. This strategy reflects the project's focus on building practical value, which is expected to enhance Pi's long-term competitiveness in the cryptocurrency market.

3️⃣ Market sentiment fluctuations affect short-term performance Recently, the cryptocurrency market has experienced significant volatility, and PI, as an emerging project, is more susceptible to market sentiment. Although PI has seen a considerable increase recently, it has subsequently corrected, falling 4.88% within 24 hours, reflecting the instability of short-term investor confidence.

From a technical perspective, the PI price is experiencing some pressure around the vicinity of $0.23. On the fundamental side, Pi Network continues to promote the construction of its ecosystem but is still in the early stages of development, and its long-term value awaits further validation by the market. Investors should closely monitor the project's actual progress and the implementation of its applications.

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