Pi Network's ISO 20022 Dreams: More Like a Nightmare?
So, Pi Network's at it again, huh? Another week, another round of speculation and vaporware promises. This time it's the ISO 20022 compliance rumor that’s got the Pi faithful all riled up. Supposedly, this makes them legit, puts them in the same league as XRP and Stellar. Give me a break.
This Lumexo company, whoever they are, throws out this "nearing compliance" line, and suddenly everyone's supposed to believe Pi is about to revolutionize global finance? Seems legit... NOT.
The Moderator's Reality Check
Then you got the Pi Network moderator stepping in to hose down the hype. "This misinformation did not come from @PiCoreTeam." Translation: "We didn't say that, so don't blame us when it all falls apart." It’s damage control, plain and simple. They're basically saying, "Don't get your hopes up, folks, this ain't happening." But will the Pi die-hards listen? Offcourse not.
And this line from the moderator: “I don't think it's a good idea to guess what PCT might be doing - people repeat it and before you know it, guessing becomes facts that everyone is repeating - additionally the whole ISO 20022 narrative is based on misunderstandings of what that is.” So, they're admitting that the whole thing is based on "misunderstandings." You think that'll stop the speculation? Please. It's like trying to stop a tidal wave with a beach umbrella.
It's all based on the hope that Pi will be worth something someday. That mining on your phone will actually translate to real-world value. I mean, come on, let's be real. It's a mobile mining cryptocurrency. Does that sound like the future of finance to you?
I remember when Bitcoin was the wild west, but at least it had a functional blockchain. Pi Network? It's like building a house on quicksand.
Technical Difficulties (and Delusions)
The price is down 5% as I’m writing this. No surprise there. Apparently, they’re risking a test of the $0.1919 support level. If it drops below that, $0.1533 is the last line of defense. It's like watching a slow-motion train wreck. You know it's coming, but you can't look away.
And the RSI and MACD indicators? They're basically screaming "sell." But hey, maybe I'm just being a Negative Nancy. Maybe Pi will defy all odds and become the next big thing. Then again, maybe pigs will fly.
The Santiment data shows social dominance and social volume are tanking. Down to 0.025% and nine social media messages on Sunday, compared to 0.186% and 36 messages on Wednesday. That's a cliff dive. It's like the internet suddenly remembered it had better things to do than obsess over Pi Network. According to Pi Network Price Forecast: Reversal extends as buying pressure, social interest decline, the ISO 20022 rumor has been resolved.
I’m not even going to pretend to know what ISO 20022 is all about. What I do know is that whenever some crypto project starts throwing around buzzwords like that, it’s usually a sign they’re trying to distract you from the fact that there’s nothing of substance there.
I had a burrito for lunch today. It was better than Pi Network.
So, What's the Real Story?
It's a house of cards built on hype and wishful thinking. The ISO 20022 rumor was just the latest gust of wind threatening to bring it all crashing down. And honestly, I'm here for it. Let it burn.
