In the past two months, despite the constant hot events of meme coins and top project airdrops, the overall market atmosphere seems a bit sluggish. The howling of bears seems to be faintly audible, and the footsteps of bulls are not far away. In this context, the Bitcoin ecosystem has ushered in a sudden rise. At present, there is no huge positive news, and it is more like an emotional release of community retail investors.
As we all know, a new phenomenon has emerged in the cryptocurrency circle this year - the competition between VC (institutional) coins and Meme coins. Retail investors and institutions are unwilling to take over each other, and a relatively opposing situation between the two sides has gradually emerged. As VC coins have been falling since March, Meme coins have gradually risen, and the consensus of de-VC has gradually spread in the community.
At the same time, a series of recent operations by the leading exchange Binance have aroused market doubts. Binance seems to have adopted double standards when launching new currencies. Recently launched currencies such as ZRO, ZK, OMNI, and AEVO have all experienced a trend of first soaring and then plummeting.
These VC-backed projects all have high market capitalization, high valuation, and low circulation, and a large number of chips are yet to be unlocked and shipped. Even if the community feedback is poor, they can still get dual support from Binance spot and contracts. In contrast, some projects that originated from the community, supported by retail investors, and issued fairly, even if they have high popularity and trading volume, have not received the same treatment.
In recent days, retail investors have questioned Binance, and Binance co-founder He Yi has responded to this, which has further intensified the market's sentiment to de-VC. As we all know, the essence of Meme is emotion and community consensus, and the Bitcoin ecosystem represents fairness. Therefore, this outbreak is more like a concentrated reflection of retail investors' emotions. Therefore, we have once again witnessed the tremendous power of retail investors' grouping and community consensus.
In fact, this power has been fully demonstrated both in the traditional financial field and in the crypto market. In January 2021, a "GameStop short squeeze" occurred on Wall Street, pitting retail investors against institutional giants.
Institutions shorted GameStop, while retail investors bought in groups, and both sides continued to spend money. In the end, the power of retail investors forced institutions to close their positions and buy a large number of GameStop stocks, causing the stock price to soar. This is a classic success story of retail investors fighting against institutions. This incident also triggered a strong resonance in the crypto circle, which gave rise to the Meme coin craze in the crypto market. SHIB has become a model of community consensus power in the crypto field by building a decentralized, democratic and innovative community.
As the confrontation between VC and retail investors has fermented and spread in the community this year, a trend of retail investors banding together is taking shape. The fairness represented by the Inscription Project, as well as the characteristics of no project party, no VC, and community autonomy, naturally conform to the proposition of the anti-VC narrative. Therefore, once retail investors resonate with and reach a consensus on a project, huge market energy can be unleashed, and this community power is enough to drive the price of the currency up rapidly and trigger a market boom.
In addition, based on my personal observation of the market, mainstream values are also changing, from the past "VC-only theory" to "community consensus". People are gradually realizing that the value of a project cannot rely solely on VC endorsement, but more importantly, it must gain community recognition and support.
Against this background, Piin, the SHIB of the inscription world, is expected to become a rising star representing the rise of retail investors.
As a Bitcoin inscription project that is issued fairly and circulated, Piin originated from the Pi community and is completely driven by retail investors. It represents the consensus and power of the grassroots masses. Piin's vision is not only to release the potential of 50 million Pi community miners, but also to unite the grassroots masses from all walks of life, get rid of the oppression of capital, and unite to pursue wealth freedom. This is a grassroots social movement that unites participants from all circles, and it is highly consistent with the anti-VC narrative that is currently sweeping the cryptocurrency market.
Although Piin started late and was born during the second wave of inscription explosion, it has not yet ushered in a real big explosion, but after 7-8 months of development, Piin has gathered a strong community consensus.
Even when the market is down, the Piin community continues to build and actively spread the trail, and daily community activities have never stopped. In addition, despite the high threshold, high handling fees, cumbersome transactions and other obstacles of the Bitcoin ecosystem, Piin can still maintain its continuous growth in currency holding addresses and community members.
From the data point of view, Piin currently has 17,000 currency holding addresses, and it is still growing. The current market value of only 20 million also means that its future growth space will be very considerable. Especially considering that Piin has a potential user group of more than 55 million in the Pi community, this opens up unlimited imagination space for Piin in the future.
More importantly, the Piin community recently made a major decision - the cross-chain Solana ecosystem, which means that Piin will reach a large number of potential users in the cryptocurrency circle and open up a broader market space.
As the public chain with the most incremental funds in this bull market, Solana has low transaction fees, low purchase thresholds, and a large active user base, making it a hot spot for many Meme, Web3 projects and investors to compete for layout.
In addition, many phenomenal Meme coins have recently emerged in the Solana ecosystem, including Meme coins that have increased by hundreds or thousands of times. This has further stimulated Solana users' pursuit of potential Meme coins, which has also provided an excellent external environment for the development of Piin.
It is worth mentioning that the Piin community has demonstrated amazing execution in promoting the cross-chain Solana strategy. Although this decision was made not long ago, with the active response and joint efforts of community members, Piin's liquidity pool construction on Solana has begun to take shape. This paves the way for the entry of funds into the Solana ecosystem, and also marks the phased success of Piin's cross-chain strategy.
At the same time, with the joint efforts of community volunteers, Piin has been listed on major mainstream and cryptocurrency market websites commonly used by cryptocurrency users, including CoinMarketCap, Dex Screener, Ave, etc. This means that Piin's project information and related data will be seen by more potential users, further enhancing Piin's exposure in the cryptocurrency market.
In order to develop and grow the community, volunteers are still actively exploring how to further enhance Piin’s influence and visibility to attract Solana users.
Through researching the success of Meme coins in the past, we found that promotion through social media channels can have a huge impact. In particular, Twitter, the main battlefield for cryptocurrency players, will be a key position for Piin to spread its value concepts and expand the scale of the community.
As an important global social media platform with more than 540 million monthly active users, Twitter is a gathering place for KOLs and important figures in the cryptocurrency field. For example, Tesla CEO Elon Musk and Ethereum founder Vitalik Buterin are both active on Twitter. Twitter is also an important channel for crypto project announcements and crypto players to understand market trends, project progress, and exchange views.
For Meme coins that rely on viral spread, their value depends largely on community activity and social media exposure. Therefore, the promotional value of Twitter is self-evident.
Based on the above understanding, the Piin community uses Twitter promotion as a key strategic tool to attract cryptocurrency players and increase project awareness. Specifically, you can register a Twitter account and follow cryptocurrency users to interact, including liking, retweeting, posting, and commenting on posts by big Vs to spread Piin's cultural concepts.
Currently, Piin has set up a special promotion group to provide systematic promotion guidance and material support for community members. Including the Telegram group will also send some tweets from big Vs in the cryptocurrency circle, you can directly click the link to jump to Twitter and leave a message about Piin.
By focusing on the comment area of these big Vs’ tweets, we can use their influence to quickly increase Piin’s exposure and attract more potential users. After all, when Piin frequently appears in the comment area of various big Vs, it will inevitably arouse the curiosity and interest of more people and actively learn about the project information.
At present, Piin is standing at a new starting point of development. In order to let more people know about Piin, we still need Piin community members to actively participate in the promotion of Twitter and contribute their own strength to the development of Piin. Only by uniting as one and gathering the power of the group can Piin "double its voice" on Twitter and attract more users' attention and participation.
The crypto market is also ushering in a new pattern dominated by the community and the rise of retail investors, and we are standing at the forefront of this era. Let us seize this opportunity and write a glorious chapter for Piin with practical actions.
