An analyst has asked the PiCoreTeam to draw lessons from the Mantra collapse as the Pi Network transitions to the Open mainnet.
Analysts have predicted that Pi could take a nosedive as Bitcoin forms a rising wedge pattern; meanwhile, others expect a surge above the $1.2 resistance level.
In a recent update, CNF comprehensively explored the UST-style crash of the Mantra’s native token, OM, on Sunday evening. In just 24 hours, the asset lost around 90% of its value, falling from $6.3 to $0.42. Currently, OM seems to be making a rebound attempt as it rises to $0.61; however, the Pi Network community is suggesting that the team take a cue from this fatal fall.
Joining this appeal is a popular crypto expert known as Dr Altcoin. According to him, Pi Network is not immune to this crash especially as it transitions from the Open Network to the Open mainnet. Additionally, he believes that a more strict regulation could prevent some of these occurrences to a larger extent.
The OM inci
