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#PI $PI Pi Network
First, the conclusion:
Currently, Pi's price is so low that those interested in buying can consider entering the market. Don't expect it to reach $0.1. Why? Because institutions do not allow it.
Now, the reasons:
The current price is most likely controlled by institutional manipulation. They are killing two birds with one stone. First, only through market control can they slowly absorb chips at low prices; institutions are absorbing chips from panic sellers. Second, after panic sellers hand over their chips, the cost of subsequent price increases is much lower. If it weren't for artificial market control, Pi's user base would probably already be worth over $10. Just look at the price of its imitation IPs; you will see that because they are copies, they lack potential, and of course, no institutions are interested in controlling them. Therefore, its price reflects the real data of user activity. On the contrary, Pi's willingness to be controlled by someone further proves its future potential. Ordinary junk coins are not worth the effort for institutions to manipulate.
Why can't we wait for $0.1?
This is the psychological buying price for many retail investors. If the price really reaches this level, institutions will find it difficult to smoothly absorb chips. The goal of institutions is to buy slightly above the retail investors' psychological price. This process takes a very long time, so the price around $0.2 to $0.3 will stay for a long period, possibly more than half a year or even a year. Friends who have already laid out their positions should be patient and wait.
As time passes, panic sellers will hand over all their chips. At that point, institutions will have no chips left to absorb and will loosen their control. The subsequent trend will be a rapid surge of several tens or even hundreds of times, possibly within days or weeks.