Well, folks, it’s a classic: Pi Network, the crypto darling that nobody really paid attention to, is now slipping faster than my last date’s good intentions. The price’s floating near all-time lows, and the sentiment? It’s as gloomy as a Monday morning. Demand for its fancy exchange-traded product (ETP)-you know, the thing nobody wants-has evaporated like my patience after a bad latte.
- Pi Network’s price? Down the drain-yeah, it’s basically treading water at its all-time low. ⬇️
- Valor Pi ETP’s assets? Oh, just a miserable $3,000. That’s right, three thousand bucks-practically pocket change. 💸
- And technical analysis? Looks more and more like a slow-motion train wreck, but hey, maybe a short squeeze will come out of nowhere. Or not. 🤷♂️
Pi token used to be trading around $0.2085, but now? It’s more like a penny, down over 90% from its glorious peak. Market cap? Shrunk to $2.8 billion-big deal, right? The volume? Dead as a doornail. Mostly because people figured out it’s not exactly the Swiss Army knife of crypto-more like a rusty butter knife.
The reasons? Oh, just a little thing called relentless token unlocks, centralization issues, no real utility-just a bunch of tech bros dreaming-and some early pioneers dumping like it’s Black Friday. Nothing special.
And let’s not forget how illiquid it is-most top-tier exchanges waved goodbye faster than I could say “pump and dump.” Some crypto guys-by that I mean “experts”-are even calling it a scam. But who needs facts when you’ve got a sinking ship, right? 🚢
Meanwhile, the team? They rolled out a $100 million ecosystem fund and an AI studio-super exciting, right? Yeah, nah. It’s all noise. The fund’s got only SEK 28,337-roughly three grand-less than a fancy dinner with your friends. That’s a sign it’s fading faster than a New Year’s resolution.
Technical analysis? Just what I love-more bad news. 💔
The daily chart? Oh, it’s a masterpiece-Pi is dropping like a rock in a pond. Below the descending wedge, which, by the way, is supposed to be bullish. So much for that. It’s also below the 50-day moving average-meaning it’s basically one big red flag.
The RSI? Oversold-think of it like me after a week of dieting. The MACD? Below zero-more proof that things are only going downhill. So, the most realistic? It keeps falling. But hey, anything can happen-maybe a miracle, or a big exchange listing. Stranger things have happened, like putting pineapple on pizza.
Honestly, watching this? It’s like a slow-motion car crash. Can’t look away, but I sure wish I could.
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2025-10-16 19:17