The PI token crash and what it means for the community

[gwolf666]

A decrease of 25% in the price of the PI token of the Pi Network has recently pushed the crypto-community into an intense debate. In my opinion, the most relevant point is that such an event makes people realize the vulnerability of those projects which are yet to acquire mass adoption and have an understandable market. In my opinion, users were attracted to the potential of this network to be the next mainstream alternative; however, the lack of transparency regarding the utility and the exchange list process of the scheme has left people uncertain. In a strange way, such token depreciation makes people realize that mere speculations can be hazardous. My most relevant point is that investors should always keep themselves beyond the hype and try to assess the sustainability of the scheme. In my opinion, the PI Network crash is nothing but the wake-up call for all.

 

[eLdavis]

The truth of the matter is that most people still have doubts about the pi network, and this event now only make their doubts valid.