PI (Pi) rose 4.51% in the last 24 hours

Gate News Bot news, on August 29, according to CoinMarketCap data, the current price of PI (Pi) is $0.36, having risen 4.51% in the last 24 hours, peaking at $0.37 and falling to a low of $0.33. The 24-hour volume reached $66.3 million. The current market capitalization is approximately $2.843 billion, an increase of $123 million compared to yesterday.

Important news about PI recently:

1️⃣ Market sentiment warming drives continuous price rise PI has shown a continuous rise in the past 48 hours. Following a rise of 2.75% on August 27, it recorded a further increase of 4.51% on August 29, bringing the cumulative rise to over 7%. This continuous upward trend reflects a notable improvement in the overall sentiment of the cryptocurrency market, and PI, as one of the top 40 tokens by market capitalization, is benefiting from this market recovery.

2️⃣ The trading activity has significantly risen The 24-hour volume of PI has reached $66.3 million, which is a significant increase compared to previous trading levels. The rise in volume indicates that investor interest in PI is on the rise, and increased market participation may provide further upward momentum for the price.

3️⃣ Market capitalization rise demonstrates investor confidence The current market capitalization of PI is approximately $2.843 billion, an increase of $123 million compared to the previous day. The significant rise in market capitalization not only reflects the price pump but also demonstrates the enhanced confidence of investors in the PI project. This positive market sentiment may attract more investors to pay attention to and participate in the PI ecosystem.

From a technical perspective, PI has broken through the previous resistance level of $0.34 and is currently challenging the short-term high of $0.37. If it can effectively break through this level, it may trigger a new round of buying frenzy. However, considering the high volatility of the cryptocurrency market, investors still need to be cautious of potential pullback risks.

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