Opinion: PI Network

So this coin could do what LUNA did or UNI did, BTC has another leg up to 160k+ left during mania I wouldn't be shocked to soo it run to 10-70 dollar area.

It has an interesting supply distribution similar to airdrop/faucet/mined coins; first come first serve just like it was with bitcoin, litecoin, and every other crypto currency (not tokens/pos/premine/etc...), the difference was this was free, all you had to do was press a button. It started in 2019 so about 6 years of supply distribution, and only KYC supply can be taken out. Most of the 100B supply isn't verified; so it'll be illiquid and you'll have about 70 million users with free coins with zero incentive to sell because it was free, that is also 70 million marketers. (lol) People saw what BTC did and what LTC did and KASPA, XRP, XLM and soo on. Valuations mean nothing when you have meme scams like TRUMP or TRUMPINU6900 or LUNC or DOGE etc... soo literally seeing 100B valuation due to illiquid and retard hodl mentality is within reach.

Compare PI charts to UNI or KASPA or LUNC chart. It may actually behave more like XLM/XRP chart. This is a fresh coin at the beginning of it's price history. In this scam market, shapes of patterns will mimic/copy things of similar character.

Note

buying around 83c holding until 5 for the swing to come

Note

PI has something that is lacking in this corrupt broken market. life. it can actually move unlike most of the other coins because the supply isn't all being autodumped by miners and insider trading due to supply distribution, at least not yet anyway just saying, right now the market needs new users. 70 million users each with nothing to lose since the supply was free.

Note

will add 83c if it dump holding to 5-6 either way, could see 10-20 if not higher later in the year

Note

lol 1 dolla becoming support not bad

Note

wow. looks like 1.60 is support now. impressive. totally going to hit 30 dollars the way this moves is how crypto was meant to move. this is literally the only thing with actual life in this scam crypto market. i would wait for dip to 1.60-2 dollar, otherwise hold.

Note

support probably 1.7 to 2 giving Sol vibes x1000, don't underestimate 70 million global network effect. i've talked to a few people inside they say 100 is a possibility due to how low the float is. isn't ironic that crypto traders/hodlers are seething while this mobile button pushing simulator coin is reaching 100s of billions of MCAP. rofl. that's all.

Note

this shit is undumpable. not enough supply.

Note

could see 0.80-1 dollar one more time before it turbo sends

Note

simply b/c it moved so quickly from 60c to 3 dollar. would make sense for deep runback before new runup. btc still has another 10k or so to drop soo likely it takes it down with it, but afterwards it'll run.

Note

looks like initial observation was correct about 1.7 to 2 becoming support. still a good chance at a 90c-1 dollar if btc should keep dumping. imo swing gets sold off

Note

Larger exchanges like binance need supply; circulating supply turned out to be 6,684,875,565.89 (6.6B) that is great considering LUNC was valued at 40B; that would put PI at around 6. ADA was valued at 93B and ADA does not have 70 million international users, that would place it near 14. XRP was valued at 185B that prices Pi near 30 dollar; wouldn't be surprised to see 31.40 as the top. And who knows since the float is so low maybe it does get to 50-100. Going back to what cat was initially going on about, I wouldn't be surprised to see a scam wick to 90c to get holders to panic and sell, they need the supply. Soo literally you just pressed a button for 6 years all you have to do now is wait. let the traders and jeets jeet each other.

Note

the floor was 60c we've seen 100xers all the time from the floor; it would be retarded but also wouldn't be shocking to see a 60 dollar Pi at peak. though i'd argue 6-14, 14-30, 30-60, 60-100, those are the ranges i'd look at during price discovery; no doubt this takes off just don't be shocked if it scam wicks

Note

could see that scam wick to 80c - 1 soon

Note

niceeeee alright now it spends some time going sideways around the low, to give everyone a chance.

Note

if this is the bottom here are some measured moves

Note

sudden feeling it could drop another 50% before 15

Note

compare to eth/usd

Note

getting there

Note

hmnmmm just remember it can always go lower, worst case 0.17 before 1.70 then higher.

Note

lol maybe it has bottomed out.

Note

if it has should see run up to 1.50-2 before pullback

Note

lol got invalidated guess 10 more days or so of more downside.

Note

nvm btc is sending and ltc is moving meaning so should Pi

Note

yeah nvm. number go down

Note

i think one more test of 40c

Note

won't be surprised to see unexpected things, btc is doing things

catscharts

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

catscharts