February 20, 2025

PI has already started trading. According to the OTC transaction situation, the market has priced PI at around 2U, but it is now approaching 1 dollar, with the contract price inverted. The total supply is 100 billion, but the actual circulation is between 10-20 billion. It cannot be ruled out that the main force will suddenly release a large number of chips into the market. The market value of this circulation is basically priced based on a popular MEME, which is still reasonable. However, considering that the token economic model of PI is not clear, I will definitely not blindly participate in the secondary market. It's mainly for watching the show, and incidentally, to see if there are any arbitrage opportunities.
In recent months, the coins that have been launched are basically high and low, and some particularly high traffic may be pulled after the launch, or the main force will take over a large number of chips while bursting and pulling the market, but the general trend is down. PI is currently the first large-scale CX project to be launched in the currency circle, and it is really difficult to judge what the actual trend is, but I think that with the current market environment, it is really difficult to pull, as for the madness of the aunts and uncles, I have not seen it, and I am looking forward to seeing the final trend of PI.
The recent overall situation, to be honest, there is not much to say, it has been sideways all along. Recently, V God has appeared more in public, and it seems that he has taken over the management of the foundation. He advocates the philosophy of 'governing by doing nothing,' which I still find quite acceptable. The most important thing for an ecosystem is to let them play freely, rather than constantly controlling them. Why do I still think Ethereum is the future? Apart from the strongest innovation in the ecosystem and the willingness of major players to invest funds on the chain, another reason is my trust in V God. Investing is essentially investing in people. Looking around, are there any other individuals in the crypto circle worth your investment? If there are, then bet on them.
In the recent market, I think it is a good time to open a position, especially from the perspective of Ethereum and mainstream coins, compared with the previous FOMO market, the price is basically cut in half. I think there will still be a bull market this year, of course, it's hard to say what the final bull market can look like, after all, there are too many copycats in the current market, even Trump and PI are here to carve up liquidity, and the expectations of the cottages are not too high, just allocate appropriately.
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