PI (Pi) fell 2.79% in the last 24 hours.

Gate News Bot news, on November 14, according to CoinMarketCap, as of the time of writing, PI (Pi) is currently priced at 0.22 USD, having fallen by 2.79% in the last 24 hours, reaching a high of 0.24 USD and a low of 0.21 USD. The current market capitalization is approximately 1.83 billion USD, a decrease of 52.4677 million USD compared to yesterday. PI is currently ranked 47th in the global Crypto Assets market capitalization leaderboard.

Important news about PI recently:

1️⃣ The DeFi functionality of the testnet continues to improve.

Pi Network has launched a series of new features on the 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 launch of these features indicates that Pi Network is actively expanding its ecosystem, laying the groundwork for DeFi applications on the mainnet.

2️⃣ Strategic investment to expand AI application scenarios

Pi Network Ventures has made a strategic investment in OpenMind, and the two parties will jointly build a decentralized operating system for robots. This move is expected to expand the application scenarios and influence of Pi Network in the fields of AI and robotics, bringing new development opportunities to the project.

3️⃣ Market sentiment fluctuations affect short-term performance

Recently, the overall volatility of the Crypto Assets market has been significant, and PI, as an emerging project, is more susceptible to market sentiment. The 2.79% fall within 24 hours reflects the instability of short-term investors' confidence, but it is still within the recent fluctuation range.

From a technical perspective, the PI price has found some support near $0.22. On the fundamental side, Pi Network continues to advance its ecosystem development and strategic partnerships, but it is still in the development stage, and its long-term value awaits further validation from the market.

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