Stark Lima
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Same Bybit that was hacked lol they are reliable right...
๐จ Bybit CEO Called Pi Network a Scam!
โก Bybit leader Ben Zhou has criticized Pi Network, claiming it is a fraudulent project.
---
๐ What are the charges?
๐ฎโโ๏ธ Zhou referred to a warning from Chinese authorities (2023) claiming that Pi Network deceives people with promises of prizes while collecting personal data.
๐ The referral bonus model and token locking raise comparisons with pyramid schemes (Bitconnect, Hex).
๐ There are suspicions in the community that Pi tokens have no real value and are controlled by developers.
---
๐ฅ But here's the paradox:
๐ Despite the accusations, Pi Network's trading volume on OKX, Bitget and Gate exchanges has already exceeded $620 million!
๐ Some traders believe that Zhou is trying to discredit the project because Bybit does not support Pi Network trading.
---
๐ข Crypto Community Reaction:
โ Support for Bybit CEO: "Exchanges should better verify projects before listing them to protect investors."
โ Pi Network Defense: "Bybit is just bitter about missing out on an opportunity โ there is no evidence that Pi is a scam."
---
๐ Conclusion:
๐ Pi Network remains a controversial project: highly popular, but without clear evidence of transparency.
๐ The accusations from Bybit's CEO could increase pressure on the project.
๐ If Pi is indeed a scam, exchanges supporting it could face reputational risk.
โก Pi Network โ a new crypto revolution or just another scam? Time will tell!
โก Bybit leader Ben Zhou has criticized Pi Network, claiming it is a fraudulent project.
---
๐ What are the charges?
๐ฎโโ๏ธ Zhou referred to a warning from Chinese authorities (2023) claiming that Pi Network deceives people with promises of prizes while collecting personal data.
๐ The referral bonus model and token locking raise comparisons with pyramid schemes (Bitconnect, Hex).
๐ There are suspicions in the community that Pi tokens have no real value and are controlled by developers.
---
๐ฅ But here's the paradox:
๐ Despite the accusations, Pi Network's trading volume on OKX, Bitget and Gate exchanges has already exceeded $620 million!
๐ Some traders believe that Zhou is trying to discredit the project because Bybit does not support Pi Network trading.
---
๐ข Crypto Community Reaction:
โ Support for Bybit CEO: "Exchanges should better verify projects before listing them to protect investors."
โ Pi Network Defense: "Bybit is just bitter about missing out on an opportunity โ there is no evidence that Pi is a scam."
---
๐ Conclusion:
๐ Pi Network remains a controversial project: highly popular, but without clear evidence of transparency.
๐ The accusations from Bybit's CEO could increase pressure on the project.
๐ If Pi is indeed a scam, exchanges supporting it could face reputational risk.
โก Pi Network โ a new crypto revolution or just another scam? Time will tell!
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Pi and top, I received all my coins, people who don't know how to research fell for scams, that's all!
PI! PI! PI! Everybody screaming is a scam.
My Honest opinion, PI is not a scam. Let me tell you why.
PI has a max supply of 100 billion and total supply of about 10 billion and it's price is around 0.7, now if you compare it with a coin like Cardano that has a max supply of 44 billion with a price of 0.7, you will see pi is actually doing well. To be sincere during the launching of pi I did not expect it to be upto a dollar but it was shocking to beat a dollar, I have seen a lot of projects like these like the hamster combat that could not beat the 0.1 dollar price but still has same max supply as pi.#cryptouniverseofficial
Now what is the stretegy behind this, the pi team know most of their holders on launching pi will be tempted to sell their coins and will cause the coin to drop so they created an idea of pi lockup to give you more mining power and many people took this option and that is why you see the circulating supply still small which causes demand to be high.
Future watch out!
- PI is still listed only in 3 platforms and not yet listed on big exchanges like Binance, if they list on Binance it may cause price surge.
- as time goes many lockups get released and they may possibly sell causing more drop of the price.
My Honest opinion, PI is not a scam. Let me tell you why.
PI has a max supply of 100 billion and total supply of about 10 billion and it's price is around 0.7, now if you compare it with a coin like Cardano that has a max supply of 44 billion with a price of 0.7, you will see pi is actually doing well. To be sincere during the launching of pi I did not expect it to be upto a dollar but it was shocking to beat a dollar, I have seen a lot of projects like these like the hamster combat that could not beat the 0.1 dollar price but still has same max supply as pi.#cryptouniverseofficial
Now what is the stretegy behind this, the pi team know most of their holders on launching pi will be tempted to sell their coins and will cause the coin to drop so they created an idea of pi lockup to give you more mining power and many people took this option and that is why you see the circulating supply still small which causes demand to be high.
Future watch out!
- PI is still listed only in 3 platforms and not yet listed on big exchanges like Binance, if they list on Binance it may cause price surge.
- as time goes many lockups get released and they may possibly sell causing more drop of the price.
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#BullDogito #cripto #novaslistagens
The new crypto of the moment, still without any listing on a decentralized exchange but already on #CoinMartketCap and has already entered with everything, it even broke 1 0 and corrected... ๐ซก
The new crypto of the moment, still without any listing on a decentralized exchange but already on #CoinMartketCap and has already entered with everything, it even broke 1 0 and corrected... ๐ซก
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#BullDogito #Biticoin #Binance #DOL We see here an op launch, cryptocurrency with 438 million in circulation with the capacity to hit 1 dollar in less than 2 years...
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Didn't it drop 50% and is it bad? Just under 15%
๐จ๐ BabyDoge in Bloodbath! ๐ถ What's Next? ๐ค
_Analysis:_
๐ BabyDoge, a popular meme coin, has experienced a significant price drop, with its value declining by over 50% from yesterday
๐ The coin's market capitalization has also taken a hit, falling from its all-time high of $1.4 billion to around $600 million.
_Predictions:_
๐ Short-term (next 24-48 hours): BabyDoge's price may continue to fluctuate, potentially dropping to $0.0000002-$0.0000003.
๐ Mid-term (next 1-2 weeks): If the coin's developers and community can regroup and implement new strategies, BabyDoge's price may rebound to $0.0000005-$0.0000007.
๐ Long-term (next 1-3 months): BabyDoge's future is uncertain, but if the coin can regain its momentum and attract new investors, its price may potentially rise to $0.000001-$0.000002.
_Reasons for the Bloodbath:_
๐ Over-saturation of the meme coin market
๐ Lack of significant updates or developments from the BabyDoge team
๐ซ Increased competition from other meme coins and cryptocurrencies
_What's Next for BabyDoge?_
๐ค The BabyDoge community and developers must come together to revitalize the project and attract new investors.
๐ This may involve implementing new features, partnerships, or marketing strategies to increase adoption and visibility.
๐ If successful, BabyDoge may be able to regain its footing and potentially reach new heights.
_Risks and Considerations:_
๐ Market volatility and unpredictability
๐ Risk of significant losses if not managed properly
๐ซ Regulatory uncertainty and potential changes
_Disclaimer:_
This is not investment advice. The cryptocurrency market is highly volatile, and investors should conduct thorough research before making investment decisions.
$1MBABYDOGE
$DOGE
$FTM
#RLUSDApprovalBoostXRP
#MarketCorrection
_Analysis:_
๐ BabyDoge, a popular meme coin, has experienced a significant price drop, with its value declining by over 50% from yesterday
๐ The coin's market capitalization has also taken a hit, falling from its all-time high of $1.4 billion to around $600 million.
_Predictions:_
๐ Short-term (next 24-48 hours): BabyDoge's price may continue to fluctuate, potentially dropping to $0.0000002-$0.0000003.
๐ Mid-term (next 1-2 weeks): If the coin's developers and community can regroup and implement new strategies, BabyDoge's price may rebound to $0.0000005-$0.0000007.
๐ Long-term (next 1-3 months): BabyDoge's future is uncertain, but if the coin can regain its momentum and attract new investors, its price may potentially rise to $0.000001-$0.000002.
_Reasons for the Bloodbath:_
๐ Over-saturation of the meme coin market
๐ Lack of significant updates or developments from the BabyDoge team
๐ซ Increased competition from other meme coins and cryptocurrencies
_What's Next for BabyDoge?_
๐ค The BabyDoge community and developers must come together to revitalize the project and attract new investors.
๐ This may involve implementing new features, partnerships, or marketing strategies to increase adoption and visibility.
๐ If successful, BabyDoge may be able to regain its footing and potentially reach new heights.
_Risks and Considerations:_
๐ Market volatility and unpredictability
๐ Risk of significant losses if not managed properly
๐ซ Regulatory uncertainty and potential changes
_Disclaimer:_
This is not investment advice. The cryptocurrency market is highly volatile, and investors should conduct thorough research before making investment decisions.
$1MBABYDOGE
$DOGE
$FTM
#RLUSDApprovalBoostXRP
#MarketCorrection
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