Hey everyone
few years ago I have bought LUNA it was a very good coin and was performing very good until it start to go down like a waterfall
the price was around 6$ then it start drop hard around 2$ and I thought that it will bounce back very soon so I swap my other crypto to buy the DIP
Turns out that this was the worst trade I ever took, bought more Luna it was matter of hours and the price drop to 0.20$ cent on which I lost a lot
https://coinmarketcap.com/currencies/terra-luna-v2/Then there was an other altcoin OM Mantra and i saw it was performing very well in few weeks it went from 0.60$ to 7$
I was planing to buy it but i dint want to buy on TOP was waiting for a DIP
Thanks God that I didn't buy it as when I check the price it has fall 99% same like Luna
https://coinmarketcap.com/currencies/mantra/I have collect (mining with phone ) some Pi coins for free but wasn't able to Transfer the coins to the wallet for very long time
it was worth around 2$ but over weeks its been just falling around 84% i think its the same pattern just a bit slower
https://coinmarketcap.com/currencies/pi/Is PI coin the Next LUNA ?
Did u sold this coin
I'd say this coin is extremely-overhyped. Not to mention, it's "KYC-compliant". Meaning, you're forced to give away your personal information just to get access to your funds. This effectively introduces centralization into the system. It might become the next LUNA, if demand continues to fall. Definitely not worth the investment, imo.
For a similar consensus algorithm, I'd suggest you check out IDENA. It can be easily "mined" on your phone, by proving you're a real human on the blockchain. All in a "Non-KYC" manner. Expect market prices for Pi to keep falling, until it becomes a worthless "shitcoin". It'll join the ranks of "meme" coins for the foreseeable future. Only time will tell...