Pi Coin: Scam or Dream? 🤯

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The Pi Network, oh, the Pi Network 🙄. Its price, much like a samovar on a cold day, is under heavy selling pressure. April 16th, a day like any other, except the community, bless their hopeful hearts, sees parallels with the Mantra (OM) saga. Transparency, they cry! As if transparency alone can cure all ills. If Pi Network miraculously embraces this virtue, how high, I ask you, how high can such a flimsy coin truly fly? 💸

Pi Network Price Prediction: A Comedy in Several Acts

Dr. Altcoin, a name that inspires confidence, doesn’t it? This “vocal” member (as if shouting louder makes a thing true) demands transparency. He fears the fate of Mantra. In a digital missive, he proclaims:

“It serves as a HUGE lesson for the Pi Core Team as we transition from the Open Network to the Open Mainnet… One thing is clear about the PTC, they are not transparent.” 

Such profound wisdom! Like a general stating the obvious: “The enemy is… over there!” This revelation follows another user’s observation that nothing, absolutely nothing, has happened since the Open mainnet launch. Groundbreaking. 😐

This glaring lack of transparency, you see, is why Binance and Coinbase haven’t rushed to list this… gem. They require an “auditable mainnet,” those fussy exchanges. As if liquidity and decentralization are more important than blind faith. 🙄

And let’s not forget the tokenomics! The top 3 wallets, belonging to the Pi Coin team, hold more than half the entire supply. A mere 67 billion PI tokens. What could possibly go wrong? 🤷‍♂️

So, if, and it’s a mighty big “if,” the Pi Network addresses these concerns (concerns? More like glaring red flags), investor confidence might, just might, push the price to a new record high of $3. Exchanges might list it, preventing a “steep Mantra downtrend.” One can dream, can’t one? 😴

Pi Network Technical Analysis: Reading Tea Leaves

Pi Network price has plummeted by 17% today. A mere pittance! It now languishes at $0.611. But fear not! It has entered a “major demand zone.” Buyers might “step in.” Past trends suggest each drop is followed by a surge in buying. History repeats itself, first as tragedy, then as… well, you know. 🎭

The volume profile bars, those mysterious indicators, further suggest the coin has entered a region “marked by high trading volumes.” Traders should watch the PoC line at $0.73. A move above it “will flip the structure to bullish.” Such technical jargon! It’s enough to make one weep. 😭

The RSI, in its infinite wisdom, hints at a trend reversal. It’s oversold! The last time it was this oversold, the price bounced by 99%. Within hours! This “supports a bullish Pi Network price prediction.” As if a single indicator can predict the future. 🔮

Considering the community’s valiant efforts to advocate for transparency, Pi Network price “may witness a trend reversal.” It may even reach an ATH above $3. If the Pi Coin team listens, of course. And if pigs fly. 🐷 Moreover, the three-hour chart “hints towards a possible reversal.” Hints! Such tantalizing ambiguity. 🤔

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2025-04-16 13:08