Pi Core Team and Community Efforts to Make Pi Coin Stable: Market Strategies Dem Don Analyze
The Pi Network community and the Pi Core Team (PCT) dey work hard to make sure say the price of Pi Coin dey stable. At first, dem launch Community-Driven Liquidity Pool (CDLP) to support price stability through buying coins regularly using Dollar-Cost Averaging strategy, holding coins to prevent market from shaking suddenly. Big 69% of the community support this thing wey dem do. Recently, the PCT enter market buy millions of Pi Coins from where dem dey change money, create sub-wallet with about 48.5 million Pi Coins wey worth around $31 million. This move dey replace burning of token wey dem dey do before by making prices stable temporarily through buying of coins wey dem dey control. This work wey dem do make price go up by 6% to $0.6. But analysts dey warn say this thing wey dem dey do no go last and e fit no dey sustainable, because if dem stop am, price fit drop to $0.3. Dem dey advice investors to dey careful as dem dey move through market wey no dey certain because the way dem dey enter market dey show say stability no dey.
Neutral
Di Pi Coin stability wey community and Pi Core Team dey do, show say e get mixed impact on di market. For short time, strategic buying don make Pi Coin price go up, wey dey show stability; but di fact say natural market no dey stable and too much reliance on dis intervention, dey bring up question about how long e go last and if dem fit continue dis work without e affecting di price anyhow. So dat na why we dey categorize di news as neutral, wey dey show say dem dey try, but dem never really define how Pi Coin market go dey behave if dem no dey intervene.