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All it really takes is one play…. Never give up

In the crypto market, where turbulence is common, some falls stand out more than others. Pi Network, once seen as a promising project, is witnessing its price collapse to an all-time low, shaking investor confidence. While the token struggles to establish itself on major exchange platforms, its trading volume is dropping, a sign of growing disinterest. Can Pi still rebound, or are we witnessing the collapse of a promise that was never fulfilled? The fall of Pi Network is part of a series of structural blockages that are sustainably weakening the project’s dynamics. Indeed, the PI token hit its lowest level this week since February 2022, reaching $0.7915, with a drop of over 74 % from its all-time high. Meanwhile, the project’s market capitalization has collapsed, dropping from nearly $20 billion to $5.35 billion. This represents “a loss of $14.65 billion.” This correction is significant, as it reveals several major flaws. Among the explanatory factors, several key elements can be identified: These combined elements create a climate of increased uncertainty around Pi Network. While its mainnet has officially been launched, the absence of strong backing, opacity regarding token distribution, and low traction in the markets weigh heavily on its credibility. Alongside the drop in price, more structural concerns are crystallizing around the governance of the Pi Network crypto. A significant proportion of tokens is currently in the hands of the Pi Foundation, raising questions about the project’s effective decentralization. The current estimated value of the tokens held by the foundation would amount to $50 billion. This concentration of supply raises fears of possible market manipulation or a lasting imbalance in token distribution. Another point of tension: the gradual unlocking of new tokens. More than 1.6 billion Pi are expected to hit the market over the next 12 months, which could increase selling pressure on the price. Without a clear management strategy or redistribution plan, these new emissions risk destabilizing the ecosystem even further. In the short term, the lack of a public roadmap on these major issues adds to the confusion. The project could be on a more downward slope if rebalancing measures are not taken quickly, particularly regarding governance and communication. As for the future, it will largely depend on Pi Network’s ability to regain investor confidence, diversify its user base, and secure buy-in from major crypto exchange platforms like Binance and Bybit . The time has come for strategic choices.

Ethereum has long embodied a technological fortress in the crypto universe, but today, the ship is rocking. As the network prepares to deploy its Pectra update, developers are navigating troubled waters. Delays, unexpected bugs, sneaky attacks… Behind the promises of innovation, a less glamorous reality emerges: that of a worn-out team facing technical challenges that threaten to push back the much-awaited deadline. A raw spotlight on the behind-the-scenes of an ecosystem in search of perfection. It all starts in February, when Pectra is deployed on Holesky , the testnet meant to validate the upgrade. But the scenario turns into a nightmare: the finalization fails. The cause? An insufficient number of validators on the canonical chain, leading to an unprecedented memory overload. “We’ve never seen anything like this,” confides Nixo Rokish, a member of the Ethereum Foundation. The developers, caught off guard, improvise fixes. Weary, on March 5th, Sepolia meets the same fate, exacerbated by an attacker exploiting a vulnerability to mine empty blocks. Two consecutive failures. Two hard blows for crypto ETH. Faced with the urgency, the developers create Hoodi, a new ad hoc testnet. Launched on March 17th, it will host Pectra. A last resort to avoid a postponement of the mainnet, initially scheduled for March, then April. “The teams are exhausted, especially those of the consensus layer,” explains Rokish . The pressure is at its peak: every delay erodes investors’ confidence in an already volatile market. Behind the lines of code, a human observation emerges. These technical setbacks reveal a team at its wits’ end but tenacious. “The issues were not related to the mainnet, but they had to rethink everything,” emphasizes Rokish. An exhausting marathon, where ingenuity collides with the unexpected. Yet, no one gives up. Because at Ethereum, every crisis is a lesson. Irony of fate, while Pectra stumbles, Ethereum blows out the first candle for Dencun. This upgrade, deployed in March 2023, has reduced gas fees by 95%, with historically low rates of 0.28 gwei on March 23rd. Proof that the network knows how to tackle colossal challenges. But this triumph also reminds us of a harsh truth: every victory demands its share of sweat and sleepless nights. Rokish admits, the current problems stem from scenarios never tested before. Holesky, although decentralized, had never been stressed with so few validators. A blind spot, now corrected. These errors, frustrating as they may be, shape a more robust network. Proof that even the giants of crypto sometimes must fumble. Despite the turbulence, Ethereum maintains an ambitious agenda. Developers are accelerating their roadmap with a clear priority: simplifying future forks. Pectra is just a step, but it embodies a major challenge: combining relentless innovation and stability. A fragile balance in an ecosystem where every second counts. In the meantime, BlackRock bets on Solana for its blockchain fund.

The problem is never the gain but the capital

But they are still shallow inside, waiting for their death in the next few years because they might never be able to build a thriving ecosystem of applications due to the lack of overall liquidity.