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$PI $RAVE $PI RAVE is that strong!! Will pi one day surpass it? Stay tuned The PI mainnet has surpassed 18 million KYC users and upgraded to Protocol 21, with steady progress in the ecosystem.
Within the square, 36% are bullish, 36% are bearish, and the rest are neutral.
The bullish view believes:
- The PI network has crossed the milestone of 18 million real-name users; KYC-compliant ecosystem development is accelerating, and the ecosystem foundation is stabilizing.
- The mainnet successfully upgraded to Protocol 21; technological evolution continues to advance, laying the foundation for subsequent version iterations.
- Digital asset products saw inflows of $1.1B this week, reaching the highest point in 1 month, with BTC accounting for S871M; market risk appetite has been repaired.
The bearish view believes:
- The PI community continues to complain about slow progress and technical obstacles; price pressure reflects the risk of a decline in market confidence.
- March CPI year-on-year 3.3% hit a 2-year high, PPI annual rate 4% reached a
2023 high; inflation stickiness is strong and becomes entrenched, and the Federal Reserve rate-cut timetable is pushed back, weighing on risk assets.
- Gasoline prices surged 21.2% month over month, setting a record since 1967; energy costs lift inflation expectations, and there are risks of tighter macro liquidity.