Crypto Madness: Why Pi Network Might Face a Doom Spiral 🚀💥

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In the cold shadow of unrelenting markets, the price of Pi Network has slumped anew this week, leaving investors to clutch their fading hopes as tokens flood the wasteland of supply.

Pi coin (PI) has crawled down to a mere $0.60—its nadir in seven days—plummeting 21% from the dizzying highs of this fleeting month.

What ghost haunts this sell-off? The daily emergence of freshly minted tokens surges over the horizon like an unstoppable wave. PiScan fears tell us that 105 million tokens will be unleashed upon the earth this very month.

Prepare yourself, for in the coming year, an apocalyptic 1.57 billion tokens will break their chains—over 4 million new prisoners flooding the market each day. Their combined worth? Nearing $954 million, a sum histrionically large yet valueless in the context of endless dilution.

The merciless laws of supply and demand decree: more supply with frail demand is a death sentence—price inevitably falls, like leaves from a dying tree. The stock markets know this too well, as companies shamelessly sell shares to feed their insatiable hunger for capital, and watch prices fall like broken dreams.

But wait—there is a faint flicker of hope in this gloomy ledger. Like a butcher trimming the carcass, the Pi Foundation hoards over 70 billion tokens, a monstrous hoard valued at an astronomical $40 billion. They could burn a few—scatter tokens into the flaming abyss—and perhaps, just perhaps, ignite some value.

Even the fees from their ecosystem’s dApps could be sacrificed on the altar of deflation. This is not fantastical; Binance Smart Chain has already incinerated BNB tokens worth over $152 million. Sacrifice for salvation? Crypto’s peculiar religion.

Pi Network’s Price Battlefront

Pi Network Price Chart

Behold the 4-hour chart—a battlefield marked by pressure and retreat. After a futile ascent to the resistance at $0.7860 last week, Pi coin has fallen back into the trenches at $0.6085, clinging to the last line of defense formed since April 7.

This zone doubles as the first support of the Woodie pivot point, a final whispered prayer among traders. The coin has slipped beneath the 50-period moving average, a bearish omen as clear as frostbitten breath.

The harbingers predict a break downward, targeting $0.40—the cruelest price of this entire month—down 35% from today’s beleaguered value. The alternative? A fairy tale where the coin rallies, rescued by a tier-1 exchange cameo or a cunning stratagem from its creators against the relentless tide of supply.

But in this carnival of tokens and promises, who can truly say where Pi’s fate will land? A tragic comedy written by the market gods, with us mere mortals watching and hoping for a miracle—or at least a decent meme.

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2025-04-17 17:10