The PI coin has opened, and from the perspective of off-market trading, people currently think it’s worth about 2 US dollars, but the price has nearly fallen to 1 dollar, with contract prices and actual market prices inverted. Although the total supply is 100 billion, only 1 to 2 billion are actually circulating in the market, raising concerns that large investors might suddenly dump a lot of PI coins, affecting the market.
Currently, the market value of PI coin seems to be supported by internet trends, which is somewhat reasonable. However, the economic model of PI coin is puzzling, so I won’t blindly follow the trend in the secondary market; I’ll just watch the excitement and see if there are any opportunities to pick up a bargain.
Recently, most newly listed coins shot up at first but then fell later. Some coins with high traffic might be pushed up a bit after going online, but the overall trend is still down. PI coin is the first openly launched "pyramid scheme" project in the crypto space; it’s really hard to say how it will perform. I think in the current market environment, it’s quite challenging to push up the price of PI coin. As for whether those older investors will go crazy for it, I haven’t seen that yet, and I’m quite looking forward to the result.
Recently, the entire crypto space has been quite stagnant, with not much action. Vitalik Buterin has been appearing more often lately, seemingly starting to manage the foundation's affairs. He advocates for letting the ecosystem develop on its own, which I quite agree with. I believe Ethereum is a future star, primarily because it has strong ecological innovation, and large investors are willing to put their funds into it; secondly, I trust Vitalik. Investing, after all, is fundamentally about investing in people. Who in the crypto space is more trustworthy than him? Of course, there are others, so I would decisively place my bets.
At this point, I think it's a good buying opportunity, especially for Ethereum and mainstream coins, as their prices have dropped by about half compared to before. I think a bull market will come this year, but it’s hard to say how crazy it can get. There are too many altcoins in the market now, even Trump and PI coin are joining in to grab money, so don’t have too high expectations for altcoins; just allocate a bit appropriately.
In the upcoming bull market, I will guide everyone to aim for the wealth-making opportunities in altcoins, with an expected upside of over 10 times, no problem. Like + comment, and I’ll take you along to layout the entire bull market!
