Pi Network’s Secrets, ZEC’s Wild Ride, and Bitcoin’s Existential Crisis: Dec 12 Recap

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Ah, Pi Network-after almost two months of utter silence, they finally decided to grace us with some news. How generous. And then there’s Zcash (ZEC), which seems to have found itself again, or at least momentarily. Bitcoin (BTC), on the other hand, continues to teeter on the edge of indecision after the latest FOMC meeting. Will it break free from its existential dilemma? Who knows?

Let us now dive into the thrilling world of these three cryptocurrencies, and-brace yourself-perhaps even uncover some truths about their less-than-heroic journeys.

Pi Network’s Long-Awaited Announcement: More Than Just Silence

It was the waning days of summer when Pi Network, that paragon of transparency, launched the Pi Hackathon 2025. Oh, what a moment it was. A 160,000-coin prize pool was up for grabs, with the lofty goal of motivating “Pioneers” to create real-world applications that might actually mean something. But alas, we waited, and we waited, and we waited some more… until, a mere several hours ago, they finally decided to drop the bombshell: the winners. How anticlimactic.

Blind_Lounge, a privacy-first social and dating platform (because who doesn’t want anonymous love?), took first place, securing a hefty 75,000 PI tokens. Second place went to the oh-so-reliable loyalty program app, Starmax, earning 45,000 tokens. And the winner of third place was none other than the fast-paced, exhilarating (we assume) game, RUN FOR PI, snagging 15,000 tokens. Of course, a few other projects like Kindrek and Agora Pulse managed to scrape up 5,000 PI each, as well. I’m sure they’re thrilled.

And just when you thought it couldn’t get better, Pi Network rolled out AI tools to help those poor souls struggling with KYC verification. A true humanitarian move. Meanwhile, a brave band of Pioneers has claimed that Pi secretly offloaded billions of tokens, manipulated valuations, and delayed the Open Mainnet for, well, reasons. So, they did what anyone in their position would do-they sued for $10 million in damages. Ah, the sweet smell of crypto drama.

The result? PI’s price has once again plummeted. Currently, it’s hovering around $0.20, an 8% decline over the week, and a mind-boggling 93% crash from its earlier highs. Classic Pi Network.

ZEC: A Roller Coaster of Price and Dreams

Now, Zcash (ZEC) seems to be in a bit of a manic phase. In November, it soared above $700, making all those who bought in at $50 feel like financial geniuses. But as with all things crypto, the party didn’t last. By December, ZEC had nosedived to a mere $300, leaving many wondering if it was all just a fever dream. But lo and behold, ZEC is back! As of now, it’s creeping back up to around $456, and the analysts are getting excited.

Some of them are predicting that ZEC could hit a modest $600 soon, while others are aiming for the moon with outlandish targets. One such dreamer, Thor Torrens, dares to envision ZEC hitting $4,900. Because why not aim high when you’ve already hit the jackpot once, right?

Bitcoin: The Crypto Drama Continues

Bitcoin (BTC), the granddaddy of them all, is caught in a whirlwind of volatility. After the Federal Reserve decided to lower interest rates by 0.25%, Bitcoin decided to have a little dance party in the $89,000-$94,500 range. How sweet. And right now, it’s floating around $92,200, wondering if it should finally make a move or just keep pretending it’s in control.

Some, like the ever-optimistic Crypto Tony, believe that Bitcoin just needs to reclaim the $93,000 level to push it into a glorious rally. Others, like Ted, are a tad more cynical, suggesting that Bitcoin might be forming a bear flag, one that could send it tumbling below $86,000 if it doesn’t break above $96,000. Oh, the drama. Let’s just sit back and enjoy the show.

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2025-12-12 17:26