The popularity of Pi coin has recently decreased a lot. After thinking about Pi coin, I have drawn a conclusion: Pi can no longer rise. I will analyze the reasons, which only represent my personal opinion.

When Pi coin was just launched, there were issues with certification, and many tokens needed verification to be valid. Why is the verification of Pi coin so troublesome? The reason is simple.

Because there are a lot of Pi users, and among them, 99% are people dreaming of getting rich with a monthly salary of 3,000. If one day you find that the tens of thousands or hundreds of thousands of Pi you have saved over the years suddenly become worth hundreds of thousands or millions of RMB, the first thing you think about is definitely to sell half to improve your life.

Instead of thinking: I finally waited for Pi coin to go online, I want to take out my savings and heavily invest in Pi. If you don’t believe it, you can do your own research. I say selling half is an understatement; most people want to sell everything.

Therefore, the selling pressure on Pi is incredibly, incredibly high. This is also why the project team uses various methods to restrict the influx of retail investors' Pi coins into the market, as the project team is not here to do charity.

In the early stages, the hype around trading Pi coins and pumping the price was to attract some small retail investors who still had a bit of money in their pockets to join the market and help the project team.

Moreover, no one knows how many coins the project team holds, so the decline of Pi coin is inevitable. Also, as time goes on, the price will only continue to decrease.

At the end of the day, the market is still about supply and demand. #pi