With 90% Supply Control, Can the Pi Core Team Prevent a Price Crash?
- Pi is trading closer to the critical $0.4 support.
- The Pi Core team can prevent the cryptocurrency from total collapse.
- Pi coin crashed by over 85% from its $2.9950 all-time high.
The Pi Network token is under serious bearish pressure, with its price now trading near the critical $0.40 support level, citing TradingView data.
However, a close observer of the cryptocurrency is optimistic that the team behind the digital asset can prevent a brutal crash that could affect investors’ confidence in the project’s sustainability.
Why Is the $0.40 Level So Important?
In his latest post on X, the Pi coin observer, “Dr_Picoin,” highlighted the Pi Core Team’s ability to prevent a drop below the crucial $0.4 support. The core of his argument is that the team owns over 90% of the coins, giving them the ability to prevent the price from dropping massively.
The post With 90% Supply Control, Can the Pi Core Team Prevent a Price Crash? appeared first on Coin Edition.
Read More
With 90% Supply Control, Can the Pi Core Team Prevent a Price Crash?
- Pi is trading closer to the critical $0.4 support.
- The Pi Core team can prevent the cryptocurrency from total collapse.
- Pi coin crashed by over 85% from its $2.9950 all-time high.
The Pi Network token is under serious bearish pressure, with its price now trading near the critical $0.40 support level, citing TradingView data.
However, a close observer of the cryptocurrency is optimistic that the team behind the digital asset can prevent a brutal crash that could affect investors’ confidence in the project’s sustainability.
Why Is the $0.40 Level So Important?
In his latest post on X, the Pi coin observer, “Dr_Picoin,” highlighted the Pi Core Team’s ability to prevent a drop below the crucial $0.4 support. The core of his argument is that the team owns over 90% of the coins, giving them the ability to prevent the price from dropping massively.
The post With 90% Supply Control, Can the Pi Core Team Prevent a Price Crash? appeared first on Coin Edition.
Read More