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GateUser-06e167c1

$PI 0.15 is not the bottom; we should look towards 0.13. If 0.13 breaks, that will be a new low.

PI1.18%
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· 05-18 05:14
#PI This coin only has two sides in the opposing order book: one is the project team holding a large amount of coins with zero cost, and the other is the "mental victory" faction of supporters. When the mental victory supporters stop buying PI, it means there are no opponents in the order book, and market makers cannot match trades. To maintain trading volume and avoid being delisted by the exchange, the project team has to trade among themselves. Clearly, continuing to lower the coin's price is unwise because no one will take the other side out of panic, and there will be no third-party crypto enthusiasts stepping in. Removing most of the sell orders and then using a small amount of funds to push the price up can attract the mental victory supporters to buy in, but this requires real capital costs for trading.
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WithPi,There'sAFuture.Let's
· 05-18 05:03
Yes
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