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Pi Network is more dangerous than meme coins

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In a recent discussion, Bybit CEO Ben Zhou bluntly stated that Pi Network is “more dangerous than meme coins.”

Following Zhou’s remark, the Pi Network community reacted negatively, driving the rating of the Bybit app on the Google Play Store down to 2.7 stars.

Bybit CEO: Pi Network Is More Dangerous Than Meme Coins

Zhou explained his stance on Pi Network and pointed out that the project lacks a fully functional product. Pi Network’s PI coin has not been listed on major exchanges despite earlier listings on platforms like OKX and MEXC.

Moreover, Zhou emphasized that its value largely hinges on community expectations rather than fundamental factors. After years of development, Pi Network still lacks a fully operational blockchain. It cannot be traded publicly, which has raised many questions about the project’s transparency and true potential.

According to Zhou, relying on community trust and FOMO without a tangible product poses a real danger. It creates significant risks if the project fails to achieve key milestones like launching a mainnet or gaining widespread adoption. In the past, Pi Network has repeatedly delayed its mainnet launch and KYC processes. The project just recently announced an open network on February 20, 2025.

Most recently, the project extended its KYC deadline to March 14. However, many Pioneers reported unresolved technical issues. They are calling for more time to resolve them.

Given these issues, Zhou argued that the Pi Network is more dangerous than meme coins. Projects like Dogecoin (DOGE) and Shiba Inu (SHIB), while also community-driven, have established blockchain foundations and are listed on major exchanges. This gives them greater liquidity and clearer market value. Previously, Zhou has also commented that the Pi project was a scam.

Zhou’s remark about the Pi Network has shaken some Pioneers’ confidence in the project and triggered a strong backlash from the Pi Network community. Many argue that the assessment is unfair, as Pi Network is still in its development phase and, in their view, holds significant future potential.

“Bybit CEO Ben Zhou’s statements about Pi Network reveal a deep lack of understanding and a superficial assessment of the crypto ecosystem,” said X user s_nakotomo.

After this statement, the Pi Network community retaliated by downgrading the Bybit app’s rating on the Google Play Store to 2.7 stars. Zhou expressed hope that the Pi Network team would step forward publicly to clarify their project rather than resorting to personal attacks or targeting the exchange.

This isn’t the first time the Pi community has lashed out at exchanges over unfavorable remarks. Previously, they called for leaving 1-star rates for the Binance app after it proposed a vote on Pi but later declined to list it. Capitalizing on this enthusiasm, Binance introduced a feature allowing the community to vote on which tokens should be listed or delisted.

Meanwhile, Pi Network token struggles to hit $2 as bearish indicators dominate.

Pi Network Price
PI Coin Price Performance. Source: BeInCrypto

At press time, the PI coin was trading at $1.43, up less than 1% over the past 24 hours.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Notcoin (NOT) Launches Not Games to Revive Ecosystem

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Open Builders, the team behind Notcoin, Lost Dogs, and Not Pixel, has announced the launch of Not Games in March. The project aims to revitalize the Notcoin (NOT) ecosystem by introducing games where players can earn tokens for free.

Open Builders revealed this plan at a time when interest in Telegram-based mini-games has dropped significantly, and TON’s user base has fallen to its lowest level in a year.

Notcoin (NOT) Seeks to Renew User Interest Through Not Games

In a press release shared with BeInCrypto, Open Builders clarified that Not Games is not a standalone game on Telegram. Instead, it is an interconnected gaming ecosystem that links multiple titles.

Within this ecosystem, Open Builders will introduce Game Profiles, shared inventories, and an in-game marketplace where players can trade with each other. This system gives the NOT token a broader use case, and it’s expected to transform the token from a simple tap-to-earn reward into a valuable asset within the gaming economy.

“Instead of fragmented tokenomics, Not Games will integrate NOT as the primary currency for purchases, upgrades, and rewards across all games. Every three weeks, the most skilled players will compete for rewards in NOT, ensuring a play-to-win experience, rather than a pay-to-win model.” – the Notcoin team told BeInCrypto.

Currently, Open Builders has already launched a game called VOID and confirmed that at least five more games are in development.

Tap-to-Earn and TON’s Shrinking User Base

Notcoin (NOT) gained massive popularity in 2024, driven by the tap-to-earn trend alongside projects like Hamster Kombat (HMSTR) and Yescoin, TapSwap, and Blum. Within the first six months of 2024, Notcoin attracted 35 million players.

However, Google Trends data indicates that interest in Notcoin has sharply declined and has nearly faded by 2025.

Notcoin Performance on Google Trends. Source: Google Trend.

Additionally, Tgstat data reveals that the Notcoin Community’s Telegram membership has dropped by nearly 2 million since the beginning of the year.

Even after NOT’s listing on Kraken in mid-February, its price only surged briefly on the listing day before continuing its downward trend, hitting new lows in 2025. This suggests that investor interest in NOT has faded.

TON Daily Active Address. Source: Artemis.

Moreover, Artemis data shows that daily active addresses on The Open Network (TON) have dropped from 2.4 million in October 2024 to just 130,000 at the time of writing.

The declining TON user base poses a major challenge for Notcoin (NOT) and its efforts to build a sustainable ecosystem.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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Solana’s Death Cross Triggers 28% Crash; Recovery Is Difficult

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Solana has faced a sharp decline, plunging to a multi-month low amid broader market weakness. The altcoin’s ongoing downtrend, exacerbated by recent technical indicators, has made a recovery uncertain. 

Solana’s future price action largely depends on Bitcoin’s performance, as a potential BTC rebound could support SOL’s turnaround.

Solana Investors Need A Nudge

Solana’s Long-Term Holder Net Unrealized Profit/Loss (LTH NUPL) has entered the Fear zone, signaling increased market distress. Currently sitting at a 16-month low, this indicator reflects the broader market downturn’s impact on SOL investors. As long-term holders experience rising losses, the potential for significant selling pressure increases, posing a risk of further declines.

The sentiment among these investors could extend to retail traders if fear escalates. A mass sell-off could amplify bearish pressure, making it harder for SOL to recover. Unless Bitcoin stabilizes and market conditions improve, investor confidence in Solana is likely to remain weak in the near term.

Solana LTH NUPL
Solana LTH NUPL. Source: Glassnode

Solana maintains a strong correlation with Bitcoin, currently at 0.92. While high correlation typically signals bullish alignment, in SOL’s case, it is a bearish indicator. Bitcoin is struggling to hold above $80,000, meaning any further BTC weakness could pull Solana down alongside it.

If Bitcoin fails to regain momentum, Solana’s price could face additional losses. The altcoin’s reliance on BTC’s stability adds to its vulnerability. Until Bitcoin reclaims key support levels, SOL’s macro momentum will likely remain bearish, prolonging its downtrend.

Solana Correlation With Bitcoin
Solana Correlation With Bitcoin. Source: TradingView

SOL Price Takes A Hit

Solana’s price has dropped 28% in the past 24 hours, trading at $128. The decline stems from overall market bearishness and the Death Cross formation on SOL’s chart last week. This technical pattern suggests continued downside unless strong buying pressure emerges.

Currently, SOL is holding above $120, attempting to stabilize. However, if broader market conditions do not improve, the altcoin risks breaking below its key support at $128. A failure to hold this level could accelerate losses, leading to deeper corrections.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

On the other hand, if investors take advantage of the lower price and accumulate, SOL could reclaim $137 as support. A successful breakout beyond this level would open the door for a potential rally toward $155, effectively invalidating the bearish outlook. Market sentiment and Bitcoin’s trajectory remain critical to Solana’s recovery.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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HBAR Open Interest Sinks—Signs of Further Decline?

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Hedera’s HBAR has witnessed a sharp decline in price over the past week. Exchanging hands at $0.21 at press time, the token’s value has plummeted by 17% during that period. 

The token’s low demand is reflected in its open interest, which has fallen to its lowest level of the year. This signals a reduction in leveraged positions and could drive further price dips. 

HBAR’s Open Interest Hits Yearly Low—Is More Downside Ahead?

HBAR’s open interest, which measures its total number of outstanding derivative contracts, such as futures or options, that have not been settled, has steadily declined since January 9. This month alone, it has plunged by 8% and is currently at $149 million, its lowest level since the year began.

HBAR Open Interest
HBAR Open Interest. Source: Coinglass

When an asset’s price and open interest decline, it signals waning market participation and weakening trader confidence. This trend suggests that existing HBAR positions are being closed without new ones being opened. It presents a bearish outlook for the altcoin in the near term as its price may continue to decline unless new buying pressure re-emerges.

Furthermore, on the HBAR/USD one-day chart, the token trades below the dots of its Parabolic Stop and Reverse (SAR) indicator. 

HBAR Price Analysis.
HBAR Parabolic SAR. Source: TradingView

The Parabolic SAR indicator identifies an asset’s potential trend direction and reversals. When its dots are placed below an asset’s price, the market is in a downtrend. It confirms that HBAR’s price is declining, and the trend could continue if buying activity remains low. 

HBAR Slips Back Into Bearish Channel

On the daily chart, HBAR has fallen back within the descending parallel channel, which kept its price in a downtrend between January 16 and March 1. 

Last week, a surge in market volatility briefly pushed the token above this range, hinting at a potential breakout. However, waning demand has led HBAR to slip back into the bearish channel, signaling renewed downside pressure. 

If this continues, HBAR’s price could fall to $0.16.

HBAR Price Analysis
HBAR Price Analysis. Source: TradingView

On the other hand, a resurgence in HBAR demand could drive its price to $0.24.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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