Pi Network (Pi Coin) continues to be a project that is often compared to Bitcoin in the crypto world with its easy mining model. Millions of users have been pi mining for years, waiting for the main network (Mainnet) to open. However, despite expectations that the price will increase after the launch, many experts warn that Pi may experience a serious decline. Here are five main factors that may adversely affect the Pi price:
According to experts, delays in the main network launch for Pi Coin damage investor confidence
One of the biggest problems of Pi Network is the constant postponement of the main network launch. The main network passage and KYC process, which was initially expected to be completed in 2024, was postponed to January 2025. These delays shaken the trust of investors and led to a 50 %decrease in Pi’s price since November. If new postponement occurs, more users will sell their coins and the price is likely to fall further.
Early miners can create sales pressure
Pi Network for a long time earning early miners, coins are impatient to cash. These users, who have missed the 2021 bull market and encounter constantly postponing, may start selling with the start of trade. If too much pi is supplied to the market and there is not enough demand, the price may be rapidly decreasing.
Airdrop -based tokens lose value after launch
Crypto currencies distributed through airdrop or free acquisition usually depreciate after the launch. Recently, Berachain, Hamster Kombat (HMST), Wormhole and ZKSYNC projects such as, token has declined by 50-60 %. If Pi Network follows this trend, it may be difficult to maintain its price.
Market conditions may be unfit for Pi Coin
Timing in the crypto market is a critical factor and Pi’s launch date may not be the most appropriate period. Past data show that the first quarter of the year is weak for many crypto currencies and the third quarter is often stagnant. If Pi’s main network is broadcasted in a weak market cycle, it may be difficult for the price to accelerate.
Technical indicators show a decline tendency
According to analysts, Pi’s price movements show signs of technical weakness. Token fell below $ 50 and 55 dollars, previously seen as strong support levels. In addition, the 50 -day and 100 -day moving averages went down to the tendency to decline. Analysts say that the level of $ 39 is a critical support point and warns that if this level is broken, there may be greater losses. As a result, Pi Network investors should be careful after the launch. Early miners’ sales pressure, delays, market conditions and technical indicators show that Pi’s price can go through a challenging process in the short term.
