Why is Pi coin declining in prices?

[k2h2]

I observe on coingecko that price for this coin is in red whether we see last 7 days Or last one month. Is all the hype around this coin gone forever?

 

[alurosu]

What does PI offer?
What's the point of the project?
Why is it better than other blockchains?

If you don't have an answer, then the price going down is normal.

 

[k2h2]

What does PI offer?
What's the point of the project?
Why is it better than other blockchains?

If you don't have an answer, then the price going down is normal.

You can mine with mobile phone. That is something really unique.

 

[alurosu]

You can mine with mobile phone. That is something really unique.

Why does that matter? There are tons of projects using PoS in which you earn % without heavy hardware. Isn't that the same thing? Why is mining on phone important?

 

[fusei]

The whole market is currently moving down, if you’re confident the project’s fundamentals are solid then the current downward movements just presented a good buying opportunity.

Personally I’m currently not touching anything other than bitcoin because I think BTC dominance is going to top out once more, so all alts will bleed against it for the time being.

 

[RichMedusa]

Market as a whole is in bad conditions, extreme fear for now
It tends to recover and get better in a few weeks, but for now, everything is just dumping

 

[Siliconthread]

What does PI offer?
What's the point of the project?
Why is it better than other blockchains?

If you don't have an answer, then the price going down is normal.

The entire market is downtrend even the great BTC is unstable and by the way PI has its use cases. When the market correction is over, we’ll definitely witness the price change.