The PI Tap-to-Goissus pi network was a hot topic in cryptographic space, often compared to bitcoin because of its simple mining model. However, despite the excitement, concerns increases that the price of the PI room could face a significant drop after its long -awaited Mainnet launch. Here are the 5 main reasons why the price of the PI room can drop.
Delays in the launch of Mainnet
One of the biggest concerns about the PI network is repeated delays in launching its Mainnet. Initially, the Launch Mainnet and the KYC process had to occur by 2024, but now it is pushed until January 2025.
These delays have frustrated investors and lowered the price of 50% since November. If there are more delays, we could see even more people sell their parts, which could still reduce the price.
Taking advantage could lead to a sale
Another major reason why the price of the PI network could drop is the probability of taking advantage of. Many first minors have been waiting for years to sell their PI pieces. After missing the Crypto Bull Run 2021 and suffered several delays, the first adopters can decide to sell their tokens as soon as they become negotiable.
This could flood the parts market and reduce the price, especially if there is not enough demand to absorb the additional supply.
Air -effect
History has shown that many Tap-to-Garn and Airdrop cryptocurrencies experience a significant drop in prices after launch.
Recent examples include Berachain, who dropped 50 to 60% after his air card, as well as tokens like Hamster Kombat (HMST), Wormhole and Zksync, who have experienced similar declines. Pi could follow this model if the market is not in a strong upward trend.
Impact of Pice de Pice seasonality
Timing also plays a role in market movements. If the main launch of PI Network occurs at the end of the first quarter, historical data suggest that this is not the best time for many cryptocurrencies.
Finally, the third quarter tends to be a slow period, and the PI price could fight if it does not start during a bull market.
Weak technical indicators refer to the Beéish signs
From a technical point of view, PI price graphics indicate potential problems to come. The token has already dropped below the main levels of support of $ 50 and $ 55, which both owned solid price floors.
In addition, it fell below its 50 -day and 100 days mobile averages, suggesting a downward trend.
However, analysts warn that the next level of major support is around $ 39, and if the token falls below, it could face even greater losses.
