In the turbulent waves of the cryptocurrency market, the mining project Ore on the Solana network has attracted the attention of global investors. Imitating the concept of Pi coin, the Ore project soared 1700% in just 3 days, but then experienced a thrilling plunge. What kind of story is hidden behind all this? Let us unveil the mystery of the Pi coin imitation Ore project in the Solana craze.

As one of the blockchain projects that has attracted much attention recently, the high-speed and low-cost transaction characteristics of the Solana network have attracted the attention of many developers and investors. Against this background, the emergence of the Ore project can be said to have come into being. Drawing on the model of Pi coin, it aims to attract more users to participate in mining and achieve rapid growth. However, the unpredictable market is elusive, and the surge and plunge of the Ore project has also triggered widespread discussion and thinking.

Driven by the Solana craze, the Pi coin imitation Ore project is like a dazzling meteor across the night sky, with a rise of 1700% in just 3 days, which makes investors shine. Behind this rapid prosperity, there is a reality of speculation and risk coexisting. Many people are tempted by short-term profits and join the carnival. However, after the rise, there must be a plunge. The law of the market cannot be reversed.

Like a roller coaster in the investment market, the plunge of the Ore project caught people off guard. From a 1700% increase to a low point, investors can't help but reflect on their blind following. In this process, some people made huge profits, and some were deeply trapped. The investment world has never been smooth sailing. Risks and opportunities coexist. Those who know how to grasp the balance will eventually laugh at the end.

However, even behind the surge and plunge, we can see the vitality and charm of the cryptocurrency market. This high-risk and high-return investment method attracts more and more attention, and makes people full of expectations for the future of the digital currency world. As an emerging force, the Solana network continues to innovate and bring new vitality and opportunities to the entire industry.

In general, the surge and plunge of the Pi coin imitation disk Ore project not only allows people to see the changing situation in the cryptocurrency market, but also rings the alarm bell for investors. On the road to pursuing profits, rationality and caution are always the best weapons. Only by doing a good job of research and risk control can we be invincible in this market full of opportunities and challenges. The Pi coin imitation Ore project under the Solana craze is like a microcosm of an investment carnival. It allows us to see the temptation of wealth and the test of risk, and also makes us cherish every investment opportunity and choice. May we overcome all obstacles and move forward bravely in this wave of digital currency, and gain more wisdom and wealth.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120BTC.COm) News: The public chain Solana has recently experienced severe congestion, and many transactions initiated by users cannot be completed. According to Dune
Analytics data, the proportion of non-voting transactions that failed on the Solana network soared to more than 75% on the 4th, setting a record high failure rate. One of the main reasons for the congestion of the Solana network is related to the emergence of the Solana ecological mining project "Ore".

Introduction to Ore

ORE is a mineable token that uses a core concept similar to PoW mining, allowing users to mine ORE at home and on their mobile phones at any time.

The feature of ORE is that the project provides each miner with a personalized computing challenge. As long as a miner provides an effective solution to his or her individual challenge, the protocol ensures that he or she obtains a portion of the supply.

Miners can first deposit SOL into the mining smart contract, and then receive 1 ORE reward per minute according to the number of mathematical problems they solve. The supply of ORE is expected to reach 21 million in 42 years, but there is no maximum supply limit.

After ORE was deployed and launched on Solana on April 2, it still set off a craze despite frequent reports of errors from users. According to Dune
Analytics data, 14.2% of Solana transactions are currently related to ORE, which is one of the top three applications with the highest usage rate on Solana, even higher than the 6.3% of the decentralized exchange Jupiter
Exchange.

ORE mining has attracted a large number of users. According to official website data, as of now, 7,747 OREs have been mined, of which 621 have been claimed, and the ORE treasury has 1,536 OREs, with more than 35,000 token holders.

ORE coin price soars and plummets

According to DEXScreener data, since ORE was launched on April 2, the price has soared from the lowest point of $260 on the 4th, and the highest reached $4,703 on the 5th, with the maximum increase of more than 1,700%.

However, ORE continued to fall, falling to $288 at 9 am this morning, down more than 93% from its historical high, and has now slightly rebounded to $349.

Ore will also release native applications on Mac, Windows, and Android

Despite the sharp rise and fall in the price of the currency, Ore's core developer Hardhat
Chad still said that he hopes to ensure that everyone has equal mining opportunities. Solana network problems need to be solved, and the project also has a lot of bugs to fix. The project will release available native applications for Mac, Windows, Android, etc.

Hardhat
Chad announced earlier today that he would launch a new command line interface (CLI) version for the project, which will help further reduce failed transaction fees and reduce spam on the network.