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 (Pi Coin) increased by 10.40% in the past 24 hours, now trading at $0.20
As of March 6th, the PI price is $0.20, up 10.40% in 24 hours, with a market capitalization of $1.93 billion. Pi Network mines through mobile phones and emphasizes technological innovation to boost user confidence and facilitate a price rebound. Market sentiment has turned positive, with clear signs of a rebound, but investors should still be cautious of risks.
GateNews1h ago
Pi Network's one-year roadmap shifts towards applications, PI coin's island dilemma still awaiting a breakthrough
Pi Network's PI token has recently risen to $0.20, facing challenges of isolation from the mainstream crypto ecosystem. The founder emphasized shifting focus to practical applications rather than just token issuance. Although 16.8 million users have completed KYC, concerns have been raised over data transparency. The platform plans to upgrade by introducing features such as decentralized exchanges and launching various community activities to boost ecosystem activity.
MarketWhisper2h ago
Pi Network Explodes 50% – The Rebound Everyone Missed!
Pi Network has experienced a price rebound, rising from $0.128 to approximately $0.1819, approaching a key resistance at $0.20. Traders are optimistic, but liquidity remains low, leading to potential volatility in the market.
Coinfomania17h ago
Pi Network Confirms March 12 DEX Launch, Pi Coin Rallies Over 8% Amid Protocol Upgrades
Pi Network has scheduled the launch of its native decentralized exchange for March 12, 2026, integrated directly into the Pi Wallet, as the project completes mandatory protocol upgrades toward v20.2 ahead of the March 14 Pi Day milestone.
CryptopulseElite22h ago
Pi Network price hits two-week high, protocol upgrade drives 8.5% increase
Pi Network's native token PI rose about 8.5% on March 4th, reaching a nearly two-week high, following the successful upgrade to protocol v19.9. The upgrade aims to strengthen network capabilities and will introduce v20.2 before Pi Day 2026. Despite the short-term increase, the Pi Foundation transferred 60.99 million tokens, which could trigger supply pressure. Technically, PI faces a key resistance level at $0.173.
MarketWhisper03-05 03:18
