Gate News Bot Message, February 10th, according to CoinMarketCap data, as of press time, PI (Pi) is trading at $0.14, down 4.56% in the past 24 hours, with a high of $0.16 and a low of $0.13. The 24-hour trading volume is $13.2 million. The current market cap is approximately $1.239 billion.
Pi is the first digital currency that can be mined on mobile phones, utilizing breakthrough technology to enable mining on mobile devices without draining the battery. Pi Network aims to make cryptocurrency mining simple and accessible, providing a decentralized, secure, tamper-proof, and interoperable digital currency. The project adopts a mobile-first design that is user- and environmentally friendly, requiring no large-scale electricity consumption. Users can start mining through a free mobile app and join the network simply by receiving an invitation from existing trusted members.
Recent Important News about PI:
1️⃣ Mainnet Migration Progresses but Market Confidence Remains Limited
Pi Network is advancing the mainnet migration, lifting restrictions on millions of tokens, and implementing KYC and security upgrades. These infrastructure improvements were expected to support project development, but market reactions to these updates have been underwhelming, and the price has not rebounded effectively.
2️⃣ Long-term User Dissatisfaction Builds
Since the project’s launch seven years ago, early participants have expressed dissatisfaction with the progress and fulfillment of promises. The prolonged waiting period has damaged community confidence, and users’ negative sentiment towards the core team’s management of expectations may exert ongoing pressure on market sentiment.
3️⃣ Price Continues to Decline to New Lows
Despite frequent network updates from the project team, PI’s price remains weak and has even hit new lows. This indicates limited market recognition of Pi Network’s fundamentals, and investor valuation expectations are trending downward.
This message is not investment advice. Please be aware of market volatility risks when investing.
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 plans to turn 420,000 nodes into an AI computing farm! Completed proof of concept with the robot OS startup OpenMind, returning image recognition results in 4 seconds.
Pi Network released a collaboration report with OpenMind on March 5th, successfully utilizing 7 volunteer nodes to perform AI image recognition, verifying that over 420,000 idle nodes' computing power can be used by AI companies. This move aims to commercialize node computing power, opening a new revenue stream for operators through cryptocurrency rewards, and exploring the integration of decentralized computing power and AI. Although it is still in the research stage, this proof of concept provides a new pathway for future development.
動區BlockTempo5h ago
Pi Network Activates Node Version 20.2 Ahead of Pi Day
Pi Network has rolled out node version 20.2 earlier than expected. The update went live on March 9. Three days before the previously announced March 12 deadline. The upgrade is an important step as the project prepares for its annual Pi Day celebration
Node operators across the network have
Coinfomania7h ago
Pi Network Explores AI Training With Over 421K Nodes in New Proof-of-Concept
Pi Network has over 421,000 Nodes, representing more than 1 million CPUs, that could support opt-in AI computing tasks.
In the OpenMind pilot, 7 Pi Node operators returned image-inference results within 4 seconds, including labels such as “bus” and “person”.
Pi Network is testing a new use f
CryptoNewsFlash9h ago
Pi Coin Gains Momentum Ahead of Pi Day as Traders Watch Price
The surrounding activity in the market in terms of Pi Coin Pi Day momentum is revolutionizing as the community gets ready to celebrate one of the most anticipated days in the ecosystem. Traders and advocates of the network are also placing themselves before March 14 which is commonly recognized as P
Coinfomania10h ago
