The video clearly explains the technical reasons for the price stagnation, but comparing Pi to Bitcoin's early days is a misleading attempt to keep miners hopeful. It prioritizes community morale over a realistic look at the risks of such a massive, locked-up supply.
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Why Is Pi Network Price NOT Moving? | 23Ajouté :
Is Pi Network price stuck in a coma?
Headlines are calling it a deep slumber with the coin hovering around the same level for months. If you have been mining Pi and watching the charts, you're probably asking yourself, when will this thing finally move?
Today, we are going to tackle the elephant in the room, the price stagnation. Why is the price sleeping and what could wake him up? I've been thinking about this subject for a while and I thought I'll I'll reach it today and see what we can actually do about it. I'm Mr. Flo. If you're new on this channel, make sure you subscribe and make sure make sure you understand I'm not a financial advisor. Um and all the advice, all the things that I talk about on this channel is just for me and it's just for entertainment purposes. Um we don't shy away from hard question. In fact, facing them uh head-on is how we build uh this channel and by the end of this video, you'll have a clear picture of where Pi stands and why patience might be your most powerful asset. Right now, Pi is trading around uh 17 cents.
That's roughly where it's been for a while. No crazy pumps, no dramatic dumps, just a flat line. For some, that's frustrating. For others, it's a sign of stability. But let's be honest, in crypto, sideways movement can feel like standing still.
Um so, why is the price stuck? There are probably three or I found three big reasons for it. It's the enclosed mainnet, first one, which Pi isn't on a major exchanges uh on the major exchanges yet. You can't buy it on Binance or on Coinbase Coinbase.
Um that means price discovery is limited to a handful of smaller platforms and most of the supply is still locked inside the Pi ecosystem. No free market, no real price action. Then the second, the 10 billion token mountain, over 10 billion Pi tokens have already been migrated to mainnet.
That's a huge supply waiting on the sidelines. Even if Pi opened to the exchanges tomorrow, all those tokens could create a sell pressure. The market needs time to absorb that volume, reason why we eat the elephant in little chunks, right? Um and third point from my point of view is the wait-and-see crowd. A lot of people which are mining Pi but haven't done KYC. They're accumulating coins they can't yet move until KYC rolls out to everyone, and a big chunk of that community is stuck in the specta- spectactor mode.
Um these aren't secrets. They are the reality of a project still in the enclosed phase, but here's the flip side.
Uh while the price sleeps, the network is wide awake. Let's look at the numbers, okay?
I always like to share these numbers.
Now, today we see more than 421,000 active mainnet nodes. That's up from 300,000 just a few months ago.
Node growth means more decentralization, more security, and more readiness for the uh what is to come. The protocol 23 upgrade the deadline is 15 15 on this month, okay? Just a day now, all right?
Uh or day or two, I can't remember. I don't know the date of today.
Um this isn't a minor tweak. It's the upgraded brings full smart contract functionality to Pi. Think DeFi, dApps, digital services. And once this protocol is live, Pi becomes a true blockchain competitor, uh not just a mobile mining experiment. Smart contract pivot, uh Pi is moving from the simple mine and hold token to a platform for decentralization applications.
Um that's a huge value shift. Utility drives adoption, adoption drives demand, demand drives the price, okay? So, the price might be quiet, but the foundation is being poured. And that foundation is getting stronger.
And now I want to talk a little bit about you.
When you see a flat chart, it's easy to get bored, impatient, even doubtful, right? That's normal. But, remember every major crypto went through a boring phase before its breakout.
I always said guys, it's always been bored, it's always been like that with all the major crypto projects that we know. Bitcoin spent years under $1,000.
Ethereum traded sideways for months after its ICO. The biggest gains happen when everyone least expects them, when the weak hands have left, when the headlines are negative, when it feels when it feels like nothing will ever change. That's when the big changes are coming. Right now, the headlines are calling Pi a deep slumber, as I said.
That's exactly the kind of statement that marks a bottom. When everyone is pessimistic, there's only one direction left to go. So, if you're a node operator, upgrade the protocol 23 before 15th of May. Don't risk getting disconnected from the network. This upgrade is critical for the future of Pi, for our future, and for the value value of the coins, obviously, if we're talking about it today. If you're a regular pioneer, keep mining, finish KYC, when it's your turn, build your security circle, stay active in the community. The more we all participate, the stronger the network will become.
And if you're feeling impatient, zoom out, look >> [clears throat] >> at the node count, look at the token migration, look at the road map. Price is a lagging indicator.
It's the last thing to catch up to the real progress of this network. Pi's price might be sleeping, but the network is wide awake. Protocol 23 is in 2 days away from here. Smart contracts are coming. The prices are falling into place.
And the pieces, not the price. Uh don't let that flat chart fool you. The biggest moves happen when nobody's looking. Keep mine Keep mining. Keep mining. Keep mining.
Uh keep building. Keep building, guys.
Uh if this gave you a fresh perspective, uh hit the like button, subscribe to my channel, and ring that bell for what I've got in hands for you to talk about from tomorrow on.
Real people want uh uh who've already used Pi to change their lives, subscribe to this channel.
So, if you want to be part of this big movement, uh subscribe as well. Uh thank you for being here. Thank you for watching. Uh have a good one. Bye.
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