Pi Coin Price at Risk? 5 Reasons It May Drop After Mainnet Goes Live

Pi Network has been a hot topic in the crypto space, often compared to Bitcoin for its easy mining model. Millions have been mining Pi for years, hoping for a major payday once the mainnet launches. But what happens next?

Despite all the excitement, there are growing concerns that Pi’s price could take a big hit after its long-awaited launch. From delayed timelines to potential sell-offs, several factors could push the price down instead of up.

Here are five key reasons why Pi’s price may face a rough road ahead.

#1 Delays in Mainnet Launch Are Hurting Investor Confidence

One of the biggest concerns surrounding Pi Network is the repeated delays in launching its mainnet. Initially, the mainnet launch and KYC process were expected to happen by 2024, but now it’s pushed to January 2025. 

These delays have frustrated investors and caused Pi’s price to drop by 50% since November. If there are more delays, we might see even more people selling their coins, which could drive the price down further.

#2 Early Miners Could Sell for Profits

This could flood the market with coins and lower the price, especially if there isn’t enough demand to Many Pi users have been mining the token for years, waiting for an opportunity to cash out. Since they missed the 2021 crypto bull run and faced multiple delays, some may decide to sell their coins as soon as trading begins.

If too many Pi coins hit the market at once and demand isn’t high enough, the price could drop significantly.

#3 Airdrop-Based Tokens Often Drop After Launch

History suggests that tap-to-earn and airdrop-driven cryptocurrencies tend to fall in price after launch.

Recent examples include Berachain, which dropped 50-60% after its airdrop, along with Hamster Kombat (HMST), Wormhole, and ZkSync, all of which saw similar declines. If Pi follows this trend, it may struggle unless the overall crypto market is strong.

#4 Market Timing Could Work Against Pi

Timing is crucial in crypto, and Pi’s launch may not be happening at the best time.

Historically, the first quarter of the year hasn’t been great for many cryptocurrencies, and the third quarter is often a slow period. If Pi’s mainnet goes live during a weak market phase, its price could struggle to gain momentum.

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#5 Technical Indicators Suggest a Bearish Trend

Pi’s price charts show signs of weakness. The token has already fallen below key support levels at $50 and $55, both of which previously held strong.

It has also dropped below its 50-day and 100-day moving averages, signaling a bearish trend. Analysts warn that the next major support level is $39 – if Pi falls below this, it could see even bigger losses.

A long wait, high expectations, and market realities – Pi’s post-launch journey will be one to watch.