PI (Pi) rose 0.75% in the last 24 hours.

Gate News Bot news, on July 14, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at 0.47 USD, with a 0.75% rise in the last 24 hours, reaching a high of 0.53 USD and a low of 0.45 USD. The current market capitalization is approximately 3.591 billion USD, an increase of 26.7 million USD compared to yesterday.

Pi is a digital currency that can be mined on mobile phones through an application without draining the battery. Its groundbreaking technology allows users to participate in cryptocurrency mining without consuming a large amount of power. The Pi Network aims to become a decentralized, secure, tamper-proof, and interoperable digital currency while remaining friendly to users and the planet.

Recent important news about PI:

1️⃣ The number of applications created by Pi App Studio has surged The no-code application development platform Pi App Studio launched by Pi Network has created over 12,000 applications in less than two weeks. This platform utilizes artificial intelligence technology, allowing users to design decentralized applications (dApps) through simple input prompts, significantly lowering the development barrier. This rapid rise reflects the community's active participation in the Pi ecosystem, which is expected to drive the implementation of more practical application scenarios.

2️⃣ Token Unlocking Plan Continues In July, more than 272 million PI tokens will be unlocked, valued at approximately $106 million at current prices. This is the largest scale unlocking until December 2027. The release of a large number of new tokens may increase market supply pressure, which could have a certain impact on short-term prices. However, this also reflects the project's steady progress according to plan.

3️⃣ Received support from 137 Ventures Pi Network has officially been included in the investment portfolio of the renowned Silicon Valley venture capital firm 137 Ventures. This move not only represents financial recognition but also reflects optimism about the Pi Network's priority mining structure. 137 Ventures is known for supporting transformative technology companies like SpaceX and Spotify, and its investment in Pi Network may enhance the project's credibility among institutional investors.

From a technical perspective, the PI price is currently fluctuating in the range of 0.45-0.50 USD, and it needs to break through the 0.50 USD resistance level to form a clear upward trend. In the short term, market sentiment remains relatively cautious, and investors should closely monitor the potential impact of token unlocks on the price.

This message is not an investment advice; investment should take market volatility risks into account.