Is Pi Coin a Scam? 85% Crash – Will It Face a Libra-Like Collapse?

Pi Coin Latest News: Is It a Genuine Crypto or a Ponzi Scheme?

The cryptocurrency space is abuzz with Pi Coin following its recent price collapse. With rampant price volatility and increasing worries over market manipulation, investors are wondering whether Pi Coin is an authentic chance or merely a crypto scam.

Pi Network IOU Price Fluctuations: What’s Going On?

Pi Coin has seen massive fluctuations on various platforms. On MEXC, the Pi pre-market price was about $2.05. LBank is showing Pi at a whopping $28.578. TradingView’s USDT price for Pi just dropped to $33.70, a 41.66% decrease within a week. These massive variations have raised fears of Pi Network IOU price volatility and potential market manipulation.

Pi Coin: Another Pump-and-Dump Like Libra Coin & CAR Coin?

Libra Coin in Argentina broke the news after President Javier Milei fueled hype surrounding the $LIBRA token, which caused massive interest. But the interest did not last long as the coin collapsed in a matter of hours, erasing $4.4 billion in market capitalization and setting off panic selling within the Solana ecosystem.

The Central African Republic introduced CAR Coin with a market capitalization of $900 million, but the excitement was short-lived. Its value dropped from $0.90 to $0.30, leaving investors stunned.

Numerous people are concerned that Pi Coin may follow the same trend, with initial enthusiasm pushing prices higher before a sudden crash.

Why Isn’t Pi Coin Listed on Major Exchanges?

Among the largest red flags is the absence of support from major exchanges. There has been no Pi Coin listing approved by Binance, sparking rumors. The Pi Network was rejected by Bybit, indicating market volatility. There have been no definite reports from OKX Exchange regarding Pi Coin’s pre-market status.

Lacking major exchange listings, Pi Coin confronts tremendous liquidity issues. Pi Coin investors question whether there will ever be a Pi Coin listing on Binance.

Pi Coin Price Prediction: Will It Fall to $1?

Pi Coin has already fallen close to 85% from its all-time high. Experts caution that³ if bearish trends persist, the Pi Crypto price may fall to $1.

But the upcoming Pi Mainnet Launch may change the scenario. The big question is: What will be Pi Coin’s price post-mainnet launch?

Pi Network Launch Today: What to Expect

The Pi Network launch today could have a significant⁷ impact, but many details remain uncertain. Some of the most common questions include:

• 8 AM UTC to EST: When will the Pi mainnet go live?
• Pi Coin listing date and time in India?
• Will Pi’s launch stabilize prices?
• Is a Pi Coin Binance listing on the horizon?

With so much uncertainty, traders are closely watching for updates.

Is Pi Coin a Scam or the Future of Crypto?

With extreme price volatility and no significant exchange listings, doubts about Pi Coin’s legitimacy only increase. Most are afraid it might become another pump-and-dump like Libra Coin and CAR Coin.

But if Pi Coin gets solid exchange listings and has a successful mainnet launch, it might still demonstrate its long-term worth.

Also Check:

• Libra Coin Scandal News: Who’s Responsible – Karina Milei or Ben Chow?
• Montana Advances Bitcoin Reserve Bill to the House for Approval
• Brazil Approves First Spot XRP ETF – A Game-Changer For Crypto
• Monad Testnet Goes Live: Claim Your Free $MONAD Airdrop Tokens Now
• PAWS Faces Bans & App Shutdown: What’s Next for the TGE?
• Will Pi Network Launch Date Be Delayed? Binance Voting Raises Questions