PiFest Highlights Pi Coin’s Real-World Use, Yet Price Struggles Continue
PI FEST FAIL: Pi Coin’s Price Plummets Despite Community’s Best Efforts 🚀👎
Pi Network’s Big Bash: 125,000 Participants and Counting! 🎉
But, alas, the party’s over, and the Pi Coin’s value is still in the doldrums. The community’s all aflutter, wondering what went wrong. 🤔
The PiFest Fiasco: A Celebration of Failure? 🎂
Pi Network’s team beamed with pride as they announced the results of their first PiFest, a community-driven extravaganza designed to get PI into local commerce. And, oh boy, did it deliver! 🎉 Over 125,000 registered sellers and 58,000 active sellers participated in the event. That’s a whole lot of Pi-tastic activity! 🤯
But, despite the impressive numbers, the event failed to give PI’s value a much-needed boost. It’s like trying to put lipstick on a pig – no matter how hard you try, it’s still a pig! 🐖
“PiFest is more than a celebration—it exemplifies and demonstrates Pi’s real-world utility. With Open Network fully live, PiFest shows how Pi can support genuine commerce and empower local economies worldwide,” the blog read.
But, as the saying goes, “actions speak louder than words.” And, in this case, PI’s actions are screaming “Sell!” 📉
According to CoinGecko, PI has plummeted to the 31st position in the rankings. Currently, it’s trading 78.7% below its peak value. That’s a whole lot of downward momentum! 🚀
As of press time, Pi Coin’s trading price was $0.6, a decline of 8.2% over the past day. And, over the past 30 days, the token has experienced a significant drop of 64.5%. Ouch! 🤕
The community’s not happy, and it’s getting ugly. Users are trading their PI for other assets, and some are even considering converting to Ethereum (ETH). The comments are getting more and more negative, and it’s like watching a train wreck in slow motion! 🚂
“The comments are getting more and more negative from this account’s tweets. Finally looks like “some people” are waking up to this being a failure in terms of what promises were sold of what this would be, and obviously is not,” a user posted on X.
But, amidst all the chaos, there are still some die-hard Pioneers who believe in PI’s long-term potential. They’re like the optimists who think the glass is half full, even when it’s really half empty! 🤪
“Be patient. Trust the process. Believe in the Pi core team, developers, ecosystem and the community. Do not spread FUD. Hold your Pi. Never sell cheap. You will be rewarded big time in the future,” a Pioneer posted.
As the community grapples with the token’s underperformance, opinions remain divided. Will PI bounce back, or is it time to say goodbye? Only time will tell! 🕰️
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2025-04-03 12:26