The huge contrast between expectations and reality
Since Pi Network was launched in 2019 with its "mobile phone mining" model, it has attracted a lot of attention with its innovative mechanism and huge user base worldwide. According to official data, the number of registered users of Pi Network has exceeded 60 million. This amazing data has laid a strong foundation for its future development and made Pi coin a long-term hot topic in the currency circle.
However, when Pi coin was officially launched on the mainnet and began to be listed on the Euro-Italian exchange, the market reaction did not create the waves expected.
On the one hand, the price of Pi coin briefly soared to US$2.2 at the beginning of its launch, but soon experienced a sharp correction and eventually fluctuated to around US$1.2, failing to usher in the crazy rise that many people expected.
This performance disappointed investors, especially those over-the-counter investors who had traded Pi coins at higher prices. They were once confident in the future of Pi coins and believed that it should have a higher market valuation.
Behind the Isolation Model: Market Supervision and Compliance Considerations
The listing of Pi coin on the Euro-Italian exchange adopted an "isolation mode", that is, users in different regions are subject to different degrees of restrictions when participating in transactions.
In particular, users in mainland China are unable to transfer and trade Pi coins, and countries with active cryptocurrency trading such as the United States and India also face similar trading restrictions. This move has undoubtedly become the focus of market attention.
The reason behind the move by EUREX is obviously closely related to the increasingly stringent global cryptocurrency regulatory environment. The legal and regulatory frameworks for cryptocurrencies vary greatly in different countries and regions, which has brought unprecedented compliance pressure to global cryptocurrency exchanges.
Therefore, EURITA chose to adopt an "isolation model" to avoid compliance risks to a certain extent and ensure its legal operations in various regions.
However, this model has also sparked heated controversy among investors. Many loyal fans and investors of Pi coins believe that the isolation model is unfair and deprives some users of their trading rights.
Especially in major markets such as mainland China, where Pi has a large user base, some investors feel that their trading opportunities have been unfairly deprived. This geographical restriction has not only exacerbated market dissatisfaction, but also caused some investors to begin to doubt the future of the project.
The mystery of Pi coin price trend
Although Pi coin's official trading has been launched, its price performance has been quite volatile. From the initial price of $2.2 to around $1.2, the repeated price fluctuations have made the market full of uncertainty about its future trend.
Compared with the price of US$4/US$5 in over-the-counter transactions before the launch, the current price level has undoubtedly surprised many investors.
The price trend of Pi coin not only reflects the market's confidence in its technology and team, but also exposes some problems it faces in the short term.
On the one hand, the project needs to prove the sustainability of its "mobile phone mining" model and how to build practical application scenarios based on a huge user base;
On the other hand, the market still has concerns about the "bubble" of Pi coin, especially in the past few years, Pi Network has been questioned many times for suspected pyramid schemes. These doubts and controversies have affected investors' confidence in Pi coin to a certain extent, resulting in a relatively flat price performance.
MLM Controversy and Market Acceptance
In addition to the isolation model and price fluctuations, Pi Network has not been able to get rid of the controversy of "MLM model" during its development. Although the project team has always insisted that it promotes Pi coins through the recommendation mechanism of social networks, which is not a typical MLM behavior, this statement still fails to quell the outside world's doubts.
This controversial factor has undoubtedly affected the image and acceptance of Pi Coin in the market. Although Pi Network attempts to attract users through decentralized mining and states that its goal is to break the shackles of the traditional financial system and promote the popularization of cryptocurrency, how to eliminate doubts in the market and enhance user trust is still the key to whether Pi Coin can gain a firm foothold in the market in the long term.
How does Pi Network break through the bottleneck?
With the official launch of Pi coin and its entry into the exchange, Pi Network will face more severe market tests. How to eliminate disputes inside and outside the project, solve compliance issues, and promote the actual application of the project will become the core challenge for the future development of Pi Network.
Judging from the current situation, Pi coin still has a certain user base and market attention, but whether this attention can be converted into actual market value is still full of variables.
If Pi Network can strengthen its cooperation with other blockchain projects, provide more practical application scenarios, and solve geographical restrictions through compliance means, its future is still full of potential.
However, whether Pi Coin can break the current price bottleneck and regain market confidence remains an unresolved question. Investors, regulators and market participants will continue to pay attention to the future direction of Pi Coin, and whether the Pi Network team can stand out in the fierce market competition will determine whether this project can ultimately succeed.
Disclaimer: The content of this article is for reference only and does not constitute any investment advice. Investors should view cryptocurrency investment rationally based on their own risk tolerance and investment goals, and should not blindly follow the trend.
