NOIDA (CoinChapter.com)—  Since saying the Grace Interval for KYC, the Pi Community workforce has maintained an unsettling silence, leaving its neighborhood at the hours of darkness concerning the progress towards the mainnet launch.

The dearth of communication has solely amplified the issues in regards to the venture’s credibility and path.

Lately, Pi Community congratulated members of the Pi2Day Progress to Open Community problem, highlighting their completion of important duties and exploration of the ecosystem, and emphasised that neighborhood engagement propels their journey in direction of the Open Community.

Whereas this tweet celebrates neighborhood engagement, it conspicuously omits any point out of tangible progress in direction of the mainnet launch. This vagueness additional fuels skepticism amongst merchants and traders, particularly after the grace interval announcement

Pi Community and The Purple Flag of Silence

The absence of clear communication from the Pi Community workforce is a obvious purple flag. Transparency and well timed updates are essential for sustaining belief in any venture. Pi Community’s silence has led to rising frustration and hypothesis.

In the meantime, delusions of hopium-fueled Pi Community followers proceed to entertain. The platform’s shilling workforce has made some very far-fetched claims prior to now, equivalent to Elon Musk was more likely to settle for PI cash as a mode of fee or the most recent one in regards to the US authorities backing Pi Community growth.

The wild claims in regards to the US authorities come from the trusted Pi Community shilling website, Hokanews.

Some die-hard followers are even deluding themselves with wild fantasies, equivalent to Nicolas Kokkalis being Satoshi Nakamoto. This degree of delusion underscores the desperation and confusion throughout the neighborhood.

Regardless of relentless shilling and over-the-top media campaigns, the venture’s credibility is now beneath scrutiny. Merchants are overtly questioning the Pi Community workforce’s intentions. The skepticism is obvious in tweets equivalent to one by a person Pi Decrypting, who states that the Pi Community builders are “all the time deceiving customers? Isn’t it?“

The person additionally suggested others to maintain ready for a very long time for the Pi Community mainnet launch.

Such sentiments reveal a rising mistrust and impatience among the many neighborhood. The Pi Community workforce should tackle these issues with clear and concrete updates on the mainnet launch to revive confidence and quell the rising doubts.

PI Coin Worth Motion Stays Horizontal

In the meantime, as a result of lack of constructive information or principally any cues, the PI coin IOU price continued its lateral motion. The token rallied almost 7% on July 21 earlier than paring a few of its beneficial properties on July 22.

Given the overall lack of vigor within the token’s price motion, it’s unlikely that the PI INR pair would begin a large bullrun. If it someway occurs, the PI coin IOU price would possible face resistance close to ₹3,790 and ₹4,200.

However, a bearish flip from right here for the PI coin IOU price may see it take a look at the assist ranges close to ₹3,290 and ₹3,000 earlier than recovering.

The RSI for the token remained impartial, with a rating of 57.66 on the each day charts.