Pi Coin Failed to Meet Expectations

Before the listing period, trading transfers were carried out between users within the mainnet, and these transactions, which were collected by some segments at $ 5-10 levels and made within their own network, were greatly disappointed after the listing.

The selling pressure experienced after the first listing reduced the price of Pi Coin to $ 0.50. Then an upward wave started, rising to $ 3 levels and making ATH. Although it has been about 5 months after the listing, Pi Coin is currently trading at $ 0.44.

Community in Hopeful Waiting

After about 6 years of mining, many people who believed in this project and continued mining continuously managed to earn big money. For a long period of 6 years, it was perceived as a spam project by many people who continued and mined and left the mining event halfway through. This event was filled with tens of thousands or even hundreds of thousands of Pi Coins whose password was forgotten and idle in the Pi Network network. This suggests the existence of millions of Pi coins that are left in the network of Pi coins with a supply of almost 100 billion and will remain idle forever. Analyses say that the deletion of Pi Coins from accounts that have not moved for a long time will create a contraction in supply and this may bring an increase in price.

Pi Coin, which has been obtained by clicking 1 time a day from the phone for years without investing any money, has a large community worldwide. The community continues to store Pi coins without losing faith in Pi Coin. This great expectation of the community continues to expect a pricing around $ 50-100 despite the high supply amount.

Can Pi Coin Reach Imaginary Amounts Against Expectations?

Pi Coin, which has been expected by the community for years and launched this year, disappointed the community in terms of price. After the Pi Network team announced the supply of 100 billion Pi Coins, the imaginary amounts expected by the community became even more difficult. However, thousands of accounts that have already been mined and have a significant amount of Pi Coin are inactive. These inactive accounts consist of accounts that were previously mined but were not entered after a while and their passwords were forgotten. Situations such as deactivating these accounts in the future and deleting coins may create a new upward trend for Pi Coin.

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These rules are believed to have been introduced towards the end of last year and have been applied to every project listed since that point. According to the disclosed details, Binance has opted to impose a minimum 1-year lock-up period on the altcoin projects it lists. During this period, a certain amount of the altcoin will be locked in a software called a “smart contract” and will be inaccessible for transfer.

This move aims to prevent investor losses stemming from sudden sell-offs and price fluctuations. Additionally, Binance is also requiring security deposits from some crypto projects. This ensures that in case the project fails to meet its obligations, Binance will have collateral to protect investors.

These steps aim to enhance investor security while also making Binance more compliant with regulations.

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