$PI has dropped 57% year to date and is trading roughly 97% below its all-time high. At this point, most people stop debating fundamentals and just want to know where the floor is.
There's a decent breakdown covering both the bull and bear cases for finding a bottom here. When an asset falls this hard, the conversation shifts from "why is this valuable" to "is this thing done bleeding yet."
Classic capitulation zone behavior. Price discovery at these levels becomes less about the project's merit and more about technical support, holder exhaustion, and whether there's any buyer interest left at all.
There's a decent breakdown covering both the bull and bear cases for finding a bottom here. When an asset falls this hard, the conversation shifts from "why is this valuable" to "is this thing done bleeding yet."
Classic capitulation zone behavior. Price discovery at these levels becomes less about the project's merit and more about technical support, holder exhaustion, and whether there's any buyer interest left at all.