Coinbase Listing: PI Coin’s Last Hope?

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PI COIN: THE CRYPTO CALAMITY THAT JUST WON’T QUIT!

The Pi Network, a behemoth of 60 million users, is in a state of utter pandemonium as PI coin takes a nose dive, plummeting by a whopping 15% in a single day. The weekly losses have been nothing short of catastrophic, with the price hovering around a paltry $0.55. The community is in a state of despair, clutching at straws, and hoping against hope that a Coinbase listing will be their savior. But, alas, will it be the panacea they so desperately seek?

The Coinbase Listing: A Flicker of Hope in a Sea of Despair

The Pi Network, that erstwhile darling of the crypto world, had captured the hearts and minds of many in February, generating a fervor that few other cryptocurrencies could match. However, after facing a series of rejections from major exchanges, PI coin’s price has taken a nosedive, leaving many to wonder if it will ever recover. 🤯

Meanwhile, Binance remains obstinately silent about listing PI, forcing the community to shift its attention to Coinbase. And then, on Pi Day, March 14, Coinbase’s Chief Legal Officer, Paul Grewal, tweeted Pi’s logo, sending the community into a frenzy of speculation. 🤔

Coinbase, in its infinite wisdom, usually takes community support into account when adding new coins. With 60 million users, Pi Network has a veritable army of supporters, which could, in theory, tip the scales in its favor. Thus, a listing could bring in a fresh wave of buyers, and, who knows, maybe even push PI coin towards the elusive $1 mark. 💸

Token Burning: A Desperate Attempt to Stabilize the Ship

While a listing would be a veritable godsend, some believe another approach could help, reducing the supply of PI tokens by burning them. Reducing the supply of available tokens could, in theory, bring more stability to the price and attract renewed interest. But, alas, will it be enough to stem the tide of despair? 🤷‍♂️

If no action is taken soon, some users might abandon ship in search of better opportunities elsewhere. The thought of it is too distressing to contemplate. 😱

The PI Coin Price Outlook: A Descent into Madness?

Since its initial launch, PI coin has lost a staggering 72% of its value, plummeting from $2 to its current level of around $0.51. However, technical indicators show that PI is in an oversold zone, with the RSI at 29. The MACD also remains in the negative, indicating that sellers still have control. 📉

If PI coin fails to reclaim the $0.60 support level, analysts predict the next major support could be as low as $0.40. For now, all eyes are on Coinbase to see if it will offer a lifeline to the struggling PI coin. 🤞

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2025-04-04 16:23