PI (Pi) fell 7.76% in the last 24 hours.

Gate News Bot news, December 1st, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.23, down 7.76% in the last 24 hours, with a high of $0.28 and a low of $0.23. The current market capitalization is approximately $1.912 billion, a decrease of $161 million compared to yesterday.

Pi is a new type of cryptocurrency that can be easily mined using a mobile phone without consuming electricity. Pi employs groundbreaking technology that makes cryptocurrency mining simple and accessible. The project aims to create a decentralized, secure, tamper-proof, and interoperable digital currency system that operates in a mobile-first and environmentally friendly manner. Pi Network invites users to download the mobile application to start mining for free, and they can join by simply receiving an invitation from an existing trusted network member.

Important news about PI recently:

1️⃣ Game ecosystem strategic cooperation promotes the expansion of application scenarios Pi Network has formed a strategic partnership with CiDi Games, aiming to expand its influence in the Web3 gaming space. CiDi Games will deeply integrate Pi as the core medium for payments, transactions, and incentives within the platform, and develop APIs and infrastructure to support other games in the Pi ecosystem. This collaboration is expected to drive the expansion of Pi's application scenarios in the gaming field, enhancing its utility and user base.

2️⃣ Market heat continues to rise The PI coin has risen to third place in popularity rankings over the past week, demonstrating investors' ongoing interest in the project. This increase in attention may stem from its strategic layout in the gaming ecosystem, as well as its stable performance compared to other cryptocurrencies. The sustained market enthusiasm helps maintain the price trend and trading activity of the PI coin.

3️⃣ Price performance is better than mainstream coins In the current market environment, Pi shows a relatively strong performance. This month, it has accumulated an increase of about 15%, significantly outperforming Bitcoin's nearly 20% fall, reflecting strong market resilience and investor confidence. This negative correlation allows PI to maintain a certain level of attractiveness even in a weak market environment.

From a technical perspective, the PI price fluctuates between $0.23 and $0.28. A breakout above this range may trigger further increases. However, the volume indicators show that market participation still needs improvement, and investors should closely monitor changes in trading volume to assess the sustainability of price trends.

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