𝕎𝕙𝕒𝕥 ℍ𝕒𝕡𝕡𝕖𝕟𝕖𝕕 𝕥𝕠 ℙ𝕀? - #11 on CoinMarketCap = Bigger Than LINK

BitcoinBaby

2TSj...cEUn

6 Mar 2025

Not a PI Fan Boy, Not A Holder, Not A Hater.

I am just confused?

And not because PI is a confusing large number:

That is why I try to understand PI:

Why Buy PI?

Why is PI different than any other Peer to Peer (P2P) project?
It´s safe to say it does not require mining and it benefits those who are well versed in affiliate marketing.

Pi Network distinguishes itself from other peer-to-peer payment projects through several unique features:
The so-called Inclusive Tokenomics, because everyone can "mine" on their phones by tapping, and the Environmentally Friendly Consensus Mechanism are not new nor adding true value.

Hence what lasts is the Large and Engaged User Base: Since its launch in 2019, Pi Network has amassed a substantial user base, with millions of active miners participating globally.
This extensive community contributes to the network's security and decentralization, setting it apart from many other projects.

A truly decentralised network ensures that no single entity holds full control over the system. In Pi’s case, critical aspects such as transaction validation and governance remain managed primarily by its core development team, raising doubts about its decentralisation.

A key aspect of decentralisation is allowing independent participants to verify transactions and maintain the network. Pi’s infrastructure has yet to reach this stage, as it still relies heavily on its internal team rather than a wide distribution of independent node operators.

Hence, there is nothing new here; PI is an idea from 2019 that has not evolved since. So how can this PI in the Sky be #11 on CoinMarketCap?

#11

I will not say this is crazy, but that is what I think, this clearly centralized token is nothing more than a Meme as it has more similarities to DOGE than any other project, in my humble opinion...feel free to use the comments to change my mind.

But this price trajectory since launch has been astounding:
And there is one more big future event!

The community poll overwhelmingly favored a Binance listing, which could provide Pi with broader market exposure.

However, Binance has not yet confirmed any plans to support the token.
As this coin is all about marketing, could the Upcoming Binance Listing on March 14 Significantly Impact Its Market Value?
The estimated circulating supply of Pi Coin is around 6.65 billion tokens. Pi moved from #3011 to #11 since CoinMarketCap verified this number.

Hence Pi Network’s market cap would be approximately $17.5 billion at current prices.
This valuation made the token fly by established projects like Chainlink, Litecoin, Avalanche, and SUI. If the price climbs above $3, it could even break into the top 10, overtaking Tron (TRX).

Why is 11 the "crazy number"?

The number 11 is considered a "crazy" or "foolish" number mainly in the Netherlands, but also in parts of Germany and Belgium, particularly in regions with strong Carnival traditions.

Carnival Associations – In Dutch and German-speaking Carnival celebrations, 11 is the "fool’s number" (gekkengetal in Dutch) and symbolizes chaos, fun, and disorder. The Council of Eleven (Raad van Elf) traditionally organizes Carnival festivities.
Numerical Playfulness – Eleven sits between 10 (a "complete" number) and 12 (a "structured" number, often used for organization like months or hours), making it feel odd and unpredictable.
Historical References – Some sources suggest that medieval jesters and fools were often associated with 11, as they disrupted order and hierarchy.

While the number 11 doesn't have the same "crazy" reputation worldwide, it holds a special foolish/mischievous meaning in Dutch and some German-speaking cultures. 😄

Market Manipulation

The crypto market is small and easily manipulated, especially if you take a look at how much PI is really available.
Most of the 7 Billion tokens are locked for 6 months up to 3 years.
In addition, the project is making money from ads, and possibly from selling the data obtained by the mandatory KYC.

That would allow the team to have some cash to easily manipulate the price of a token, of which most is locked.
Because what incentive does one have to buy PI?

Why this project and not HIVE or BCH, which both allow for easy Peer to Peer transactions and are truly decentralized?

There are many more, even DOGE can be used as such, so why buy PI?
That is the 100 Billion Token Question that confuses me since the launch.

I keep comparing it to the TORUM XTM launch, a similar community token, that launched at the peak of the bull market. Rocketed from 2 cents to 2 dollars, while most holders had their tokens locked and then died of natural causes...extinction due to not having a real use case.

A three-month peek before imminent Death

Pi has been around for 3 weeks, the Binance launch is what everyone is holding out for. It might give the price one more push, but then what?

What will happen after Binance, Binance could very well be a sell the news event, the latest PI event, as there is not really something planned to keep interest afloat, while token unlocks will continue.

Does PI Have A Future?

Is $10 Possible?
At $10 per token, Pi Network’s market cap = $66.5 billion.
It would surpass Dogecoin! It´s a 3X from the ATH but the liquidity needed will not flow into a project without development.

Is $100 Possible?
Some speculators predict Pi Coin could reach $100 or even several hundred dollars.
However, at $100, Pi Network’s market cap would be double that of Ethereum!!! At $250, it would be larger than Bitcoin.

What Happened To PI

When BTC dumped PI Pumped all the way to $3, and since that top, we have been seeing a sell-off.

This is two weeks of data, and the token does not follow the market.
Why buy this PI when millions are about to unlock?

When millions are tapped.
I do not see it, but I did not see why so many XTM hodlers did not sell.
And for every seller, there is a buyer, and why buy PI?

Thank goodness you made it till the end Pees, Love and I am out of here!