PI (Pi) rose by 7.01% in the last 24 hours, reaching a maximum of $0.51.

Gate News Bot news, July 11, according to CoinMarketCap, as of the time of publication, PI (Pi) is currently priced at $0.50, having risen 7.01% in the last 24 hours, with a high of $0.51 and a low of $0.45. The current market capitalization is approximately $3.838 billion, an increase of $252 million compared to yesterday.

Pi is a digital currency that can be mined using a mobile phone without draining the battery. The project aims to involve more people in the cryptocurrency revolution, and its groundbreaking technology makes cryptocurrency mining simple. Pi Network adopts a decentralized design, providing secure, immutable, and unforgeable digital currency. The project focuses on user-friendliness and environmental sustainability, being easy to use while maintaining security on a large scale without causing significant power waste.

Important news about PI recently:

1️⃣ Pi Network launches no-code application building platform Pi Network launched the Pi App Studio during the annual Pi2Day event, which is an AI-driven no-code application builder. This tool is designed to simplify the development process, enabling more users to create applications within the Pi ecosystem. This initiative is expected to promote the expansion and diversification of the Pi ecosystem.

2️⃣ Large-scale token unlock puts pressure on prices Starting from July 4th, Pi Network will release a total of 304.7 million Pi tokens over 30 days, with an expected market capitalization of approximately $151.9 million. The maximum daily unlock amount is 19.39 million tokens, occurring on July 4th. This large-scale unlocking may increase market supply and bring continued downward pressure on the PI price.

3️⃣ Received support from 137 Ventures Pi Network has officially been included in the investment portfolio of 137 Ventures, a renowned venture capital firm in Silicon Valley. This move not only represents financial recognition but also reflects a careful bet on the Pi movement's priority mining architecture. This architecture has enabled over 47 million users to achieve democratized access to cryptocurrency.

From a technical perspective, the PI price has broken through previous resistance levels, with a significant rise in the past 24 hours, demonstrating strong upward momentum. However, investors should still closely monitor the overall market trend and the potential impact of token unlocks to assess the future performance of PI.

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