Pi Network: A Comedy of Errors? 🤪

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Ah, Pi Network! Even after its grand unveiling – being available, you see, through that wondrous contraption Onramp Money (in a staggering 60 countries, no less!) – the token stubbornly clings to existence below the lofty sum of thirty-five cents. Thirty-five cents! One shudders to think what the inventors dreamed of.

Adoption First, Price Later (They Say…)

This Onramp, you understand, allows one to procure Pi with such pedestrian methods as Alipay, Maya, and even GCash! A convenience, certainly, for the faithful. It is touted as a breakthrough, a glorious gateway! But the charts… the charts tell a tale of woe! Sellers, like hungry wolves, dominate the marketplace, and in a mere six months, the poor token has surrendered over 80% of its former glory. One almost feels sorry for it… almost.

A Blueprint for… Something

Rather than unleash the full fury of supply upon the exchanges – a sensible plan, perhaps? – the Pi Network has chosen a course of agonizing slowness. Tokens trickle out, dispensed from foundation wallets to approved partners like Onramp, Banxa, and TransFi. A veritable bureaucracy of finance! These onramps, boasting 170+ payment options, are meant to spread access whilst simultaneously adhering to… regulations. Dr. Altcoin, a man of learning, posits that this is a scheme to funnel tokens toward actual *use* – apps, commerce, even transactions between individuals – rather than inflating a fleeting bubble of speculation. A noble intention, no doubt.

Whispers from the Financial Elite

And lo! The cautious approaches have garnered some tentative nods of approval from the bastions of traditional finance. Europe, that den of discerning investors, has witnessed the birth of a Pi-based Exchange-Traded Product (ETP)! An ETP! Institutions, it seems, may be warming, ever so slightly, to Pi’s… compliance. Supporters, ever optimistic, claim these building blocks – onramps, products, and the endless paperwork – differentiate Pi from those odious projects built solely on hot air and fervent promises. 😇

The Grim Reality (and a Lack of Buyers)

But alas, back to the numbers. The cold, merciless numbers. Pi, in the last twenty-four hours, has taken a tumble – a 4.5% descent to a paltry $0.344. It dared to glance above $0.35 after the Onramp announcement, but swiftly retreated, defeated by a woeful lack of buyers and an abundance of sellers. A truly pathetic spectacle. 😟

The Pi Core Team, ever steadfast, proclaims this a mere footnote in a grand narrative – integration before appreciation, they say! But whether the investors, those long-suffering souls, possess the patience to wait for fundamentals is a question that hangs, unanswered, like a persistent fog.

Disclaimer: This article is provided for amusement and informational purposes only, and should not be construed as advice on matters of finance, investment, or the perilous world of cryptocurrency. Coindoo.com harbors no endorsements nor recommendations, and strongly urges you to conduct your own investigations and consult a qualified professional before risking your hard-earned rubles.

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2025-09-02 09:26