$PI It hasn't even started consolidating yet. After hitting bottom, it will at least move sideways for a year before we can see any direction. That means the bottom will be around the middle of next year, and by the end of next year, there might be some upward movement depending on the ecosystem, but don't get your hopes up too much because the project's current situation is really not good. Not to mention the lack of transparency, there is basically no major ecosystem development, which is the most fatal issue. Pi's goal is to build an ecosystem—without it, everything else is just empty talk.

Also, the white paper clearly stated from the beginning that this project is a social experiment, and its success depends on everyone’s contribution. Right now, it seems like everyone is just waiting for the price to pump so they can sell at the top, but that’s impossible because the project hasn’t taken off, new funds won’t come in, and those who do join are looking to sell high. This leads to a deadlock.

I’ve mined for five years—not really an early pioneer—but like everyone else, I have no mapping, no wallet. I’ve seen many Pi communities form and break apart, over and over again. The hype is fading bit by bit. Although it’s the darkest before dawn, I still hope there will be sunlight after.