Gate News, March 6 — According to CoinMarketCap data, at the time of press, PI (Pi) is trading at $0.20, up 10.40% in the past 24 hours. The highest price reached $0.20, while the lowest dropped to $0.16. The current market capitalization is approximately $1.93 billion, an increase of $182 million from yesterday.
Pi Network is the first digital currency that can be mined on a mobile phone, utilizing groundbreaking technology to enable mining without damaging the battery. PI features decentralization, security, tamper-proofing, and interoperability, making it a user-friendly and environmentally friendly digital currency solution. Users can start mining by downloading the Pi app and simply accepting an invitation from existing trusted network members.
Recent Important News about PI:
1️⃣ Core developments and community confidence recovery
The Pi Network founder recently responded publicly to hot topics within the community, outlining the project’s development vision. The team maintains an unconventional development approach and emphasizes its innovative positioning. This official interaction and attitude help strengthen early adopters’ confidence in the project and provide fundamental support for a price rebound.
2️⃣ Technical updates driving price rebound
The latest technical update from Pi Network has received positive market reactions, directly leading to an 8.5% increase in the token price. Technological progress often acts as a key catalyst for re-evaluating on-chain asset value. This update indicates ongoing investments in functionality improvements and user experience optimization, which are being recognized by the market.
3️⃣ Market sentiment shift and rebound confirmation
After experiencing a significant decline earlier, PI has recently shown a strong rebound trend, with a 10.40% increase over 24 hours and a market cap growth of $182 million. This rebound is reflected not only in daily gains but also in a pattern of continuous multi-day increases. Market liquidity and investor enthusiasm are recovering, suggesting that extreme pessimism may have been released.
This news is not investment advice. Please be aware of market volatility risks.
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 Launches First Smart Contract Feature on Testnet, Enabling Subscription Payments
Pi Network has launched its first Smart Contract feature on Testnet, enabling users to set up automatic subscription payments while maintaining control of their funds. This marks a shift toward ecosystem utility and lays the groundwork for potential mainnet deployment.
GateNews13h ago
Pi Network Requires Mainnet Upgrade to v22.1 by April 27 or Risk Disconnection
Pi Network announced a mandatory upgrade to Protocol version 22.1, requiring completion by April 27, 2026, to maintain network connection. The upgrade is seen positively for enhancing security and performance, with next version expected by May 11, 2026.
GateNews04-17 06:05
Pi Network V23 Upgrade to Launch Smart Contracts, DApp Ecosystem, and DEX Next Month
Pi Network will launch its V23 upgrade next month, featuring smart contracts, a DApp ecosystem, and a decentralized exchange. With over 18 million KYC-verified users, this upgrade moves Pi towards practical applications and utility in its ecosystem.
GateNews04-16 05:41
Pi Network Agreement 23 Targets the Institutional Market, Smart Contracts, and RWA Tokenization to Launch in Early May
Pi Network officially went live with Protocol 23 on May 18, bringing smart contracts, real-world asset tokenization, and the AI App Studio, enabling Pi to transform from a payment token into a programmable blockchain infrastructure. The protocol covers four major functions, similar to Ethereum, and is expected to attract institutional investors. The upgraded node milestones signal market confidence and may affect Pi’s price performance.
MarketWhisper04-15 03:02
Pi Network 18 million users complete KYC, and 26.5 million PI are issued to verifiers
Pi Network distributes 26.5 million PI tokens to more than 1 million community members who have completed KYC verification, to accelerate user identity verification and strengthen the decentralized model. 18 million already-verified users have laid the groundwork for the ecosystem’s development, but the key lies in how to convert these users into active participants. With the protocol upgrade, Pi Network is moving toward the open network phase, and smart contract support signals richer application scenarios.
MarketWhisper04-14 05:07
Pi Network price hits a new 7-week low as a wave of 60 million token unlocks comes in
Pi Network's native token PI fell to $0.165 in April, hitting a 7-week low and leaving market sentiment weak. The unlock peak will release more than 60 million PI, adding downward pressure. Despite the core team recently publishing technical updates, it failed to improve market confidence and instead drew community criticism due to KYC access issues and the ongoing slide in price. Increased future supply could further drive prices lower.
MarketWhisper04-14 02:50
