Why Is Pi Coin Sinking Like a Stone? 🪨(drop 12% today)손

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Oh, dear reader, in the grand opera of cryptocurrency, Pi Network stands as a tragic figure under the relentless assault of market forces, with its native token, Pi Coin, having lost yet another 12% of its value today, plummeting to the dismal $0.81 support level. The tale of woe extends to a week of staggering 28% losses, a narrative woven with delays in the mainnet launch, the long-awaited Binance listing, and a palpable waning of initial investor sentiment. One can almost hear the collective sigh of the Pi community, their hopes as fragile as the coin’s price, wondering if Pi Coin can ever reclaim its glory and breach the $1 barrier once more.

The Pi Network Core Team: Slack-Jawed Silence and Unfulfilled Promises

Amid the storm of delays—mainnet launch, Binance listing, and the Pi Domain auction—the Pi community’s patience wears thin. The faithful seek not just answers but a glimmer of action from the Core team, as the Pi Coin price cascades from its lofty $3 perch to a meager $0.82. The community whispers of a Core Team (CT) enshrouded in silence, a silence that whispers louder than any announcement ever could. The beauty of decentralization, once the beacon of Pi Network’s mission, now seems to have been compromised, with the allure of big institutions taking precedence over small, everyday users. Large corporations, with their billions of daily transactions, favor security and speed over the purity of decentralization;

Yet, in the midst of this tempest, the Core Team has made concessions, navigating the treacherous waters between inclusivity and global adoption. Dr. Altcoin, a voice of reason in the chaos, observes:

“We should embrace this collaboration between everyday users and big institutions. High-volume trading driven by businesses is what is required to drive our utilities, and that will ultimately push the price upward. The Core Team should also remain committed to rewarding the Pi community. Without the Pi community, the Pi Network would have been just another typical memecoin story.”

The Oracle’s Prophecy: A Descent to $0.60, or a Rebirth to $5?

Despite the steadfast support of the community, the Pi Coin price continues its unrelenting descent to $0.82. Crypto analyst Moon Jeff, a modern-day oracle, has cast his gaze into the future, predicting that the token is fated to fall to $0.60, a level he deems the final bulwark against oblivion.

Yet, even in this darkest hour, optimism flickers. Moon Jeff foresees a potential recovery, a phoenix-like rise from the ashes that could propel Pi Coin to the $5 mark. Dr. Altcoin, ever the optimist, echoes this sentiment: “Let’s HODL and buy both Patience and Pi together while they’re still available. Let’s also not be surprised if Pi shoots up to $3.14 in the coming weeks or even to $10 in the coming months.” The winds of change may yet bring a listing on the Upbit exchange, a prospect that could breathe new life into this beleaguered coin.

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2025-03-26 09:11