Rony Ironside
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Do not Panic. Reasons Why Pi is Dipping & Why There Will be More!
1. Pi is diluting over 18 million new coins into the market in March, as per various reports. The sudden dips could have been triggered by these coins being added to the market in voluminous, short phases. Check the volume of coins that moved during these falls and you will know.
2. A lot of panic selling is happening while traders who know the game are grabbing the opportunity to buy. There is no breathing space for the coin to go bullish because the ratio of dumping is higher with the added effect of the entry of new coins.
3. Daily trading happened over a billion dollar mark on many days after the Open Network launch which saw pioneers of the network dumping their coins in unprecedented numbers. Pi's price fell to $.6 mark. But the rebound happened and the number hit $3 mark once. There will a very stable rebound this time as well after the new coins are fully diluted, the KYC deadlines end, and all the unverified coins are purged. That is when the windows toward major exchange listings actually open!
4. During this wave, Pi's price might even stumble below a $1 mark. But as mentioned above, a rebound is fully on the cards.
Please trade carefully.Do not panic & do your own research before investing.
#pi #PiCoreTeam #BTC #sol #TRUMP
1. Pi is diluting over 18 million new coins into the market in March, as per various reports. The sudden dips could have been triggered by these coins being added to the market in voluminous, short phases. Check the volume of coins that moved during these falls and you will know.
2. A lot of panic selling is happening while traders who know the game are grabbing the opportunity to buy. There is no breathing space for the coin to go bullish because the ratio of dumping is higher with the added effect of the entry of new coins.
3. Daily trading happened over a billion dollar mark on many days after the Open Network launch which saw pioneers of the network dumping their coins in unprecedented numbers. Pi's price fell to $.6 mark. But the rebound happened and the number hit $3 mark once. There will a very stable rebound this time as well after the new coins are fully diluted, the KYC deadlines end, and all the unverified coins are purged. That is when the windows toward major exchange listings actually open!
4. During this wave, Pi's price might even stumble below a $1 mark. But as mentioned above, a rebound is fully on the cards.
Please trade carefully.Do not panic & do your own research before investing.
#pi #PiCoreTeam #BTC #sol #TRUMP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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