PiFest begins on October 29 to promote the use of Pi tokens in local commerce by allowing merchants to list their businesses on a “Map of Pi.” Bitcoin (BTC) is fluctuating between $65,500 and $68,500 with potential impacts from upcoming US elections. Cat-themed tokens like Popcat (POPCAT) have seen substantial gains, while MEW has recently declined by 17%.

On October 29, the Pi Network is set to launch PiFest, an initiative designed to promote the practical application of Pi tokens in local commerce. Merchants will have the opportunity to showcase their businesses on the newly created “Map of Pi,” allowing customers to easily locate their offerings via the PiOS application. The announcement encourages increased participation among both merchants and community members to enhance the use of Pi tokens and support local businesses. Despite being introduced five years ago, the Pi token remains without an active mainnet, leading to skepticism within some segments of the community regarding its legitimacy. The developers maintain that the launch of the mainnet is imminent, with a detailed roadmap anticipated from the Pi Core Team in December. In the cryptocurrency market, Bitcoin (BTC) has experienced notable fluctuations, trading between $65,500 and $68,500 over the past week. Factors such as the upcoming US presidential elections and the Federal Reserve’s monetary policy are likely to influence Bitcoin’s price trajectory. With elections scheduled for November 5, Republican candidate Donald Trump reportedly holds a 66.8% probability of winning according to Polymarket, potentially stimulating a bullish trend in the cryptocurrency market, given his previously expressed support for cryptocurrencies. In addition to significant movements in Bitcoin, cat-themed tokens, notably Popcat (POPCAT), have seen remarkable price increases, with a monthly gain nearing 70%, achieving an all-time high in recent trading sessions. Conversely, the token Cat in a Dogs World (MEW) initially surged after a listing on a major Korean exchange but has since faced a decline of about 17%, currently trading at approximately $0.009497.

The Pi Network aims to decentralize the mining process of cryptocurrencies by allowing users to mine digital assets on their smartphones. Although it has existed for five years, the project has encountered significant delays in launching its mainnet and native token, leading to frustration among some of its community members. The introduction of PiFest seeks to reinvigorate interest and practical usage of the Pi token in everyday transactions. Bitcoin (BTC), being the leading cryptocurrency, often experiences volatility influenced by macroeconomic factors and political events. The upcoming US presidential elections and Federal Reserve policies are significant indicators that can alter investor sentiment and market performance. Concurrently, meme-based cryptocurrencies, particularly those centering around cat themes, demonstrate the segment’s potential for popularity and rapid price changes within the cryptocurrency market.

In summary, the Pi Network is initiating PiFest to enhance the practical use of its tokens in local commerce, while Bitcoin is exhibiting volatility ahead of crucial economic and political events that may influence its performance. Additionally, cat-themed tokens have been prominent in the market, with significant gains followed by notable declines. The developments within these sectors reflect the dynamic nature of the cryptocurrency landscape and its responsiveness to user engagement and wider economic conditions.

Original Source: cryptopotato.com

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