PI (Pi) has risen 2.75% in the last 24 hours.

Gate News Bot news, on August 27, according to CoinMarketCap data, as of the time of writing, PI (Pi) is currently priced at $0.34, with a rise of 2.75% in the last 24 hours, peaking at $0.37 and dropping to a low of $0.33. The current market capitalization is approximately $2.712 billion, an increase of $72.7 million compared to yesterday. PI currently ranks 40th in the Crypto Assets market capitalization leaderboard.

Important news about PI recently:

1️⃣ Market sentiment warming drives price rebound

PI has seen a rise of 2.75% in the past 24 hours, stabilizing from the previous day's downward trend. This rebound may reflect an improvement in the overall sentiment of the Crypto Assets market, with PI being one of the tokens ranked in the top 40 by market capitalization, showing signs of recovery along with the overall market.

2️⃣ The mobile mining model continues to attract users

The unique low-energy mobile mining model of the Pi network continues to maintain its core competitiveness. This user-friendly feature allows ordinary users to easily participate in the Crypto Assets ecosystem, helping PI maintain a stable user base and community activity in the current market environment, providing potential support for its price.

3️⃣ Market attention refocuses

As the excitement around some emerging tokens like XPIN and Sapien gradually fades, investors' attention may return to mainstream tokens including PI. This shift in focus could bring new buying support for PI, pushing its price up slightly.

From a technical perspective, PI is currently finding support around $0.34 and is expected to re-challenge the short-term resistance level of $0.37. If it can break through this level, it may attract more buying interest. However, considering the overall volatility of the Crypto Assets market, investors should remain cautious of potential downside risks.

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