|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Pi Network's Unwavering Shilling Tactics Spark Red Flags Amidst Crypto Turmoil
May 03, 2024 at 05:53 am
Despite the recent 98% price drop of the PI coin on CoinMarketCap and the prevalence of scams related to its upcoming open mainnet launch, the Pi Network shilling campaign persists. Supporters, including the X account of Hokanews, continue to promote the project with misleading posts and claims that users are using the still-imaginary PI token in real life.
Pi Network's Unwavering Shilling Campaign Raises Red Flags
Amidst a tumultuous crypto market, Pi Network stands out as a peculiar entity, its persistent shilling campaign defying all rationality. This mobile-based crypto mining project seems to possess either an exceptionally zealous marketing team or a legion of hopelessly deluded fans.
Despite recent setbacks, including a 98% plunge in the token's price on CoinMarketCap, Pi Network's supporters remain unwavering in their promotional efforts. To address the pricing anomaly, CoinMarketCap now exclusively displays PI coin prices from HTX and BitMart, the dominant exchanges for trading PI coin IOUs (promissory notes).
However, the upcoming launch of the open mainnet has inadvertently spawned a surge in Pi coin-related scams, preying on eager investors. Despite these concerns, Pi coin evangelists continue to fervently promote the platform, often ignoring factual accuracy.
Misleading Tactics Plague Pi Network's Shilling Campaign
A prominent participant in Pi's shilling campaign is the X account of the news website Hokanews, which is replete with Pi Network-related posts. However, these posts often lack crucial context, presenting outdated news without disclosing publication dates.
For instance, a recent post on X boldly announces, "Pi Network Announces Mainnet Launch in 2024: Entering a New Era of #Blockchain Technology." While the text may entice unwary users, the underlying article was originally published on March 17, 2023. This omission misleads eager investors and drives traffic to Hokanews' website.
Moreover, Hokanews has a history of spreading inaccurate information. Earlier this year, it mistakenly reported Pi Network's planned launch of the open mainnet on Pi Day. This "accidental" dissemination of fake news stemmed from misinterpreting a joking statement from Pi Network's official news handle.
Imaginary Tokens and False Promises
Hokanews is not alone in its relentless shilling of Pi Network. Social media is rife with posts claiming that PI coin users are actively bartering and utilizing the token as a currency. These assertions are both amusing and deceitful, considering that the token lacks any real-world utility at this stage.
Currently, Pi Network operates as a testnet, and the PI coins being traded on exchanges like HTX and BitMart are merely IOUs. The entire PI coin market is thus based on speculation, with no underlying value.
Delusional Price Predictions
Another pervasive tactic in Pi Network's shilling campaign involves unrealistic price predictions. Some posts boldly suggest that the PI coin price could soar to $314,159 after the open mainnet launch. Such assertions defy all logic and are a testament to the extreme delusion surrounding Pi Network.
Conclusion
Pi Network's continued shilling campaign, characterized by misleading tactics, imaginary tokens, and delusional price predictions, raises serious concerns about the platform's credibility. Investors should exercise extreme caution and thoroughly research before investing in any Pi Network-related ventures. The absence of tangible value and the prevalence of scams should serve as a stark warning against the allure of unfounded hype.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Summoners War: Sky Arena Marks 10th Anniversary with Massive Giveaways and Exclusive Event
- May 17, 2024 at 02:00 pm
- Summoners War: Sky Arena Celebrates 10 Years with Bountiful Giveaway and Exclusive Event May 10, 2023 - In honor of the momentous 10th anniversary of
-
- Shiba Inu (SHIB) Bulges Out of Triangle, Flashing Bullish Signal
- May 17, 2024 at 01:57 pm
- Shiba Inu (SHIB) Breaks Symmetrical Triangle Resistance, Signaling Bullish Momentum Amidst a surge in buying pressure, Shiba Inu (SHIB), the popular m
-
- Sei V2 Unveils Groundbreaking Upgrade, Empowering Decentralized Networks and EVM Projects
- May 17, 2024 at 01:56 pm
- Sei V2 Unveils Groundbreaking Upgrade, Empowering Decentralized Networks and EVM Projects Introduction Sei V2, the latest iteration of the groundbreak
-
- BlockDAG Emerges as an Industry Trailblazer, Aiming to Surpass $100 Million in Liquidity
- May 17, 2024 at 01:56 pm
- BlockDAG Emerges as a Trailblazer in the Blockchain Realm, Unveiling a Vision to Surpass $100 Million in Liquidity London's iconic Piccadilly Circus r
-
- Retik Token: The Revolutionary Cryptocurrency Poised to Transform the Financial Landscape
- May 17, 2024 at 01:52 pm
- Retik Token: An In-Depth Analysis of a Revolutionary Digital Currency Introduction The advent of blockchain technology has revolutionized the financia
-
- US Spot Bitcoin ETFs Soar Amidst Massive $657 Million Inflow Surge
- May 17, 2024 at 01:44 pm
- U.S. Spot Bitcoin ETFs Surge Again as Inflows Reach Staggering $657 Million The U.S. spot Bitcoin exchange-traded funds (ETFs) have staged an impressi
-
- Chimpanzee: The Eco-Conscious Crypto Challenging Dogecoin's Memecoin Dominance
- May 17, 2024 at 01:38 pm
- Chimpanzee: The Green Alternative to Dogecoin, Blending Meme Culture with Environmental Sustainability In the ever-evolving digital currency landscape
-
- Playful 'Penguiana' Meme Coin Captivates Solana, Unveils Presale Success and Game Preview
- May 17, 2024 at 01:38 pm
- Playful Penguin-Themed Meme Coin Captivates Solana Ecosystem: Penguiana Unveils Presale Milestone and Play-to-Earn Game Introduction The Solana ecosys
-
- Bitcoin Battles Resistance Amid Selling Pressure and Market Intrigue
- May 17, 2024 at 01:38 pm
- Bitcoin Battles Resistance Amid Selling Pressure and Market Intrigue Bitcoin has made a strong comeback, surging to the $63,000 mark today. However, t