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#pi Price inflation based on hype is useless; prices are genuinely driven up by real money. Whether scarce or not, the total supply is predetermined. Rich people are not fools, and fools can't make money either. Most people are just along for the ride? They can only be considered meat fertilizer.
This kind of rise will lead to fewer sellers and buyers. Most will stay on the sidelines. If buying momentum continues strongly, there could be a surge; otherwise, it's just a minor detour.