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Cryptocurrency News Articles

Glowing smartphone screens once lit the hopes of millions looking for easy fortunes.

May 23, 2025 at 12:32 am

The dream began with a tap. In 2019, a humble mobile app transformed social media into a gold rush. Users flocked to mine Pi Coin for free

Glowing smartphone screens once lit the hopes of millions looking for easy fortunes.

Glowing smartphone screens once lit the hopes of millions seeking easy fortunes. Pi Coin, the darling of viral mining apps, captured the imaginations of users worldwide—before hard reality sent its price tumbling through the floor.

The dream began with a tap. In 2019, a humble mobile app transformed social media into a gold rush. Users flocked to mine Pi Coin for free—no technical know-how required. The spark was contagious, and the promise intoxicating: mine from your phone, spread the word, and secure your piece of the next big thing in crypto.

But the elation soon ebbed. Instead of blockchain transparency, miners faced only numbers ticking upward in an isolated app environment. Could you spend it? Trade it? The answer resembled a mobile game, not a revolution.

The true Pi Coin launch finally arrived in early 2025. For a moment, Pi soared on a tidal wave of hype, doubling in value and peaking above $3. With stunning swiftness, euphoria gave way to a dizzying crash. Investors gritted their teeth as the price dipped below $1, only to surge again in May—to $1.60—fueling whispers of a Binance listing and a major surprise.

But rumors can be brittle scaffolds. When the much-hyped announcement never materialized, Pi’s value plunged. Then came the crushing blow: a shadowy insider dumped 12 million Pi, halving its already shaky price. Crypto analyst Atlas didn’t mince words, branding Pi Coin a “major rug pull.”

Can Pi Coin recover? Analysts point to weak technicals—an RSI stuck near 48 and a flatlined MACD. Yet a glimmer of stability remains. Pi hovers above crucial support levels at $0.707 and $0.721, with the $0.80 resistance a slim hope for patient holders. The chance of total collapse? Slim, but gravity still dominates sentiment.

For many, the allure has faded and doubt has set in. Rumors of top-level malfeasance only intensify the gloom. And with no clear utility, Pi is rapidly losing its shine among major crypto projects.

But while Pi falters, the next breakout may already be stirring. Remittix (RTX) emerges as a stark contrast—a PayFi protocol bridging crypto-to-fiat transactions swiftly and securely. It aims to outpace Ripple (XRP) with fewer complications and greater adaptability. Already, the Remittix presale is gaining momentum, with expectations of 50x or even 100x ROI for early believers, as over half a billion tokens change hands at just $0.0781 each.

As Pi Coin wanes, a new crypto tide is swelling. Early movers are eyeing Remittix, eager for the next chapter of PayFi innovation.

Caution remains paramount in this swift and volatile landscape. Every investor should conduct their own research, parse the facts, and choose wisely—because in crypto, today’s darling can become tomorrow’s cautionary tale.

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Other articles published on Jun 08, 2025