Pi Price is on Downtrend
Pi is a popular and old project in the crypto market. It was in the testnet for a very long time, but finally in twenty twenty five year this has moved into mainnet, and that is where the token got listed on many exchanges, which has given a very good profit to a lot of people worldwide who have been mining the coin for a long time. There was a time when the prize for the coin was more than $1, which I think is very good and people who had some liquidity that time were able to book profit but because of the KYC issue a lot of users were not able to get their tokens, or maybe some of them had logged their token for certain. This was also the reason why they were not able to get their tokens, and because of this, they could not make a profit on the higher price.
Now if you look at the price for the pie coin then you will see that it is on the downtrend and the current price is very low which is about thirty five cents and almost a month back the price was more than sixty cents so it's like the price is going to crash continuously and not show the reason why because I cannot see any big news coming about the project. I also believe that for any token, utility is important, but for the pie coin, there is no such liquidity, and it is a project based on just the hype; however, the use case is still not defined.
It is not a blockchain where multiple decentralised applications are getting built like ethereum and that is the reason why adoption is also slow however, if the project team works in a direction when they bring something that can involve a lot of people and can also create some utility in the market then the value appreciation is going to happen for sure.
If the rate of adoption grows, then the value will also grow over the period, and that's the reason why we need to see some utility for coming in the market for the pie coin, and let's see if it happens soon so that we can see some value appreciation coming for the coin as well.
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Brother, really, many people were working hard to mine Pi, but due to KYC problems and lack of solid utility of the project, everything went to waste. It was good to hear from you that someone talks about ground reality. The post seemed quite genuine!"
Pi Price is on Downtrend is a great post you have shared.