Why Is Pi Still Holding Strong?

[Yeecrypto]

Yes, buddy. The tokens were mined on mobile phones started around 2019 and were listed not long ago.

However, many remain skeptical about the price trend, as a some of the portion of the tokens are still locked and have yet to be claimed.

[Jujuboy]

I’ve read most of the replies here, and I agree it might be best to wait a little longer. Once most of the community has claimed their allocations, we’ll get a clearer picture of whether the project can maintain its strength.

[LogitechMouse]

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However, many remain skeptical about the price trend, as a some of the portion of the tokens are still locked and have yet to be claimed.

If you will look at Coinmarketcap, only 7% of the total 100B supply are in circulation. That means there are still many PI tokens that are still locked.

The more these tokens will be unlocked, the more selling pressure it will be in the long term. For sure, those who mined the token for free will sell their tokens immediately to make quick profit. For most of them, they don't see the advantage of holding the token. Yes, there are some places here in our country that accepts PI token as an alternative mode of payment (which for me is ridiculous), but it is what it is.

Like most of them, I'm also skeptical about the price trend, and I don't think that it will hold that price for a long time. At some point, it will drop to below a dollar.

[erus]

I've been following Pi since it got listed on several CEXs, and one of the most mind-blowing moments was when the market was dipping yet Pi was among the few tokens that kept pumping.

That means PI is indeed a good project and has a real goal for the future, its vision and mission have been tested and someday it might be even better, but remember when an altcoin is created then a core team definitely wants to make a profit.
When a core team is already profitable then what else are they looking for?
Just be careful in altcoins because altcoins are full of drama, especially if you already have bad feelings towards PI coins.

~snip~
Which brings me to my question  how many of us ever guessed that Pi would have such a successful listing?

I was among those who thought that PI would dump because of the total supply of PI coins which is so large around 100,000,000,000, I thought altcoins with a large supply like maybe the price is around 0.02 dollars but in fact PI increased in price and once passed the price of 2 dollars.

[lepbagong]

I’ve read most of the replies here, and I agree it might be best to wait a little longer. Once most of the community has claimed their allocations, we’ll get a clearer picture of whether the project can maintain its strength.

You are right, it is too early to determine whether this project will be able to survive or not because there are still many who have not received it and it is still locked so it is not completely clear whether they will be able to maintain it or just stop here, it takes patience to see the next process.

[Z-tight]

I get it that many people holding pi are very optimistic, some of them are even so optimistic that people call them delusional. I am not following the news about pi, neither do i know anything about the team behind pi, but it may be a better idea to take profit now that you can.

[Joshikinz]

I've been following Pi since it got listed on several CEXs, and one of the most mind-blowing moments was when the market was dipping yet Pi was among the few tokens that kept pumping.

I guess that's what you get from a project with a strong community that truly believes in it. Plus, not all tokens are in circulation yet some airdrop claims are still locked, while others haven’t been verified. Many holders are still staking, trading, and participating in events like Candybomb a trading event where you deposit and trade PI, to gain rewards.

Which brings me to my question  how many of us ever guessed that Pi would have such a successful listing?

PI is the next big thing in the crypto market, I have been mining it since around 2021 or so and at first I saw it to be a potential scam like every other crypto project, well presently all my doubt has been proved wrong coz the project is really making waves in the market. Congratulations to all the holders of PI

[Aanuoluwatofunmi]

When a project has a good intention and the entire performance over it has been maintained by the developers, then it will retain value and also continue to perform well due to high investors contributing over the market, we still hope that the market is still going to remain better and they maintain it performance for all time, it's one of such coin that is currently trending and rewarding ever since it launch.

[Sim_card]

When a project has a good intention and the entire performance over it has been maintained by the developers, then it will retain value and also continue to perform well due to high investors contributing over the market, we still hope that the market is still going to remain better and they maintain it performance for all time, it's one of such coin that is currently trending and rewarding ever since it launch.

No one can tell the future of these memecoins, and is same for PI. I don't have OKX exchange and there's no way for me to monitor the price of PI since that's the only exchange that it was listed. However, it's better for anyone buying PI to invest with an amount that he can afford to lose because these projects can get you burned anytime.

[armanda90]

I get it that many people holding pi are very optimistic, some of them are even so optimistic that people call them delusional. I am not following the news about pi, neither do i know anything about the team behind pi, but it may be a better idea to take profit now that you can.

Before officially release listing at market, many Pi coin network mining most optimistic keep hold their Pi coins assets for longer time and optimism about Pi coin possibility raise most expensive price.
I remember well when Pi miner quote about Pi will raise most expensive than bitcoin and most of them won't sell Pi coins for buyer or seller buy before listing at market. Now Pi have listed at market and most of holder actually disappointed but never loss hope for one day later about their expectation price of Pi will be most expensive.

[albon]

You will not get much profit from all these exchange events because a lot of people participate in such events due to which the reward is less. Since there is a lot of hype about the pi network so if you hold pi coin then there is a possibility of getting good profit. However, there was a pi pump when the market was down because pi did not enter the exchange directly. Since there are airdrop hunters in this project so it will be down. Although the pi network has already created a strong community so if all the development activities of the project are correct, then we can get good profits in the future. Before investing, it is important to keep in mind that the hype of such projects is for a very limited time, so sell at the right time during the hype.

[LogitechMouse]

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Since there are airdrop hunters in this project so it will be down. Although the pi network has already created a strong community so if all the development activities of the project are correct, then we can get good profits in the future. Before investing, it is important to keep in mind that the hype of such projects is for a very limited time, so sell at the right time during the hype.

I guess the "community" surrounding that project isn't that big, eh?
I mean if they joined the airdrop, and their tokens got unlocked, if they're a big believer of the project, they will hold it, right?

No, and it's because they want to hold a better currency which is either a stablecoin, or just convert it into other better coins like Bitcoin. The community around Pi network sure is big, but the number of participants on their airdrop is that many (since it's free), and most of them will not bother holding the token hence, pushing the price even lower. We've seen it surpassing a dollar a few hours ago, but now it's below that price yet again.

I said it in the past, and I will say it again. PI token is heavily overvalued, and as more tokens will get unlocked (through migration), the more tokens will be sold.

[bhadz]

With the controversy that it is having right now, I'll avoid getting into it and won't be putting some of my money into it. If those folks that have made good money from receiving with its airdrop, that stops there and won't be putting back money into it if that's just me and giving some suggestion to you guys. I'll stop getting into projects that's full of controversy until it's very clear to me on what it stands for.

[Crypto Library]

With the controversy that it is having right now, I'll avoid getting into it and won't be putting some of my money into it. If those folks that have made good money from receiving with its airdrop, that stops there and won't be putting back money into it if that's just me and giving some suggestion to you guys. I'll stop getting into projects that's full of controversy until it's very clear to me on what it stands for.

Many things about this project are still unclear to us, and of course Picoin is one of the controversial projects in this crypto space, and its maximum supply is so small that I think it is not a strong enough coin to hold.
So I would say those who sold as soon as they got the opportunity did the smart thing. And for those who are still expecting something big from it, I would say that now the circulating supply of PIcoin is only 6.77 billion, think about where its price will be when it starts increasing and goes up to 100 billion. Maybe there is hype, so currently we are seeing the price in a slightly better position, but I don't think it will be good for the long term.

[lepbagong]

When a project has a good intention and the entire performance over it has been maintained by the developers, then it will retain value and also continue to perform well due to high investors contributing over the market, we still hope that the market is still going to remain better and they maintain it performance for all time, it's one of such coin that is currently trending and rewarding ever since it launch.

No one can tell the future of these memecoins, and is same for PI. I don't have OKX exchange and there's no way for me to monitor the price of PI since that's the only exchange that it was listed. However, it's better for anyone buying PI to invest with an amount that he can afford to lose because these projects can get you burned anytime.

What you said is something very wise and appropriate for you to say, because what is certain is that we ourselves do not know the existence of PI in the future, because I myself am not sure and there is still no guarantee that this will work or not, but indeed preparing a situation to invest PI with an amount that we can possibly bear the loss that will be suffered is a very good reason to do, before regretting it later