Pi Network Price Prediction: Pi Slides After Mainnet Launch – Best Altcoins to Buy Instead

Online hype can only get a crypto project so far, as market participants increasingly expect the tokens they buy to have at least some utility and interesting use cases. Even modern meme coins are being held to this standard – and crypto communities naturally also demand that projects keep them in the loop about key information and potential changes.

This week, the fast-paced collapse of the Pi Network ($PI) crypto price has demonstrated the consequences of suboptimal project management. At the time of writing, PI is down almost 80% from the all-time high it set within its first 5 minutes post-launch – and crypto investors are already taking note of this high-profile incident, rushing instead to put their funds into a pair of top-trending ICOs.

Solaxy ($SOLX) and Best Wallet Token ($BEST) both have their own unique use cases, and are working hard to keep their followers updated as their presales continue. Keep reading to find out why SOLX and BEST have already raised over $22 million and $10 million respectively, and what we can learn from the decline of the PI cryptocurrency.

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Pi Network ($PI) Falls 80% After Launch Day Difficulties

The story of Pi Network and its native PI crypto has been around six years in the making, as the Layer 1 blockchain has been in development (including an “enclosed network” stage) since 2019. Featuring a mining mechanism that allowed network supporters to mine PI tokens using their mobile phones, the Pi Network quickly attracted attention from crypto fans disillusioned by the high mining-related barriers to entry presented by other networks like Bitcoin.

Key project features range from the “Pi Browser” to a dedicated ecosystem wallet and integrations aimed at the online commerce sector, as well as a KYC process intended to keep network accounts limited to one per user. The Pi Network’s reputation also benefited from events like PiFest, where the project team demonstrated and showcased their network’s capabilities.

By the time of the PI token launch, the Pi network team also claimed to have 100 dApps ready for mainnet, over 60 million Pioneers (network users) in total, and 10 million Pioneers migrated onto the mainnet itself. Up to this point, the Pi Network had been operating as a closed system, while Thursday’s token generation event (TGE) marked its transition to a fully open network.

Unfortunately, after such a long journey – especially for project supporters who had been mining PI for up to six years – the PI token’s TGE led to an hour of bullish price action followed by a continuous slide. Many Pioneers have taken to social media, claiming that they were unable to trade their PI when it launched, while others claimed to have been waiting to pass KYC for months or even years.

Bybit CEO Ben Zhou went as far as to call the Pi Network a scam, sparking intense debate on X (formerly Twitter). At the time of writing, the PI crypto price has stabilized and is staying flat while traders and investors wait for more news:

As PI is currently stuck in a holding pattern, horizontal price levels (such as key support around $0.60 and an all-time high of $3.40) are the best options to watch. If the PI price does pump again, a descending triangle chart pattern could be created in the process – enabling price predictions with a greater probability of success.

By studying the Pi Network project, we can see that community communication and user-focused project development are truly essential when it comes to creating a successful Web3 venture. This is why Solaxy ($SOLX) and Best Wallet Token ($BEST) are charging ahead of the crypto presale pack, and raising millions of dollars through their ICOs.

Solaxy Puts Solana Users First With Incoming Layer 2 Solution

Despite the Solana Layer 1 blockchain’s success, it’s still fighting to overcome some bearish sentiment due to its ongoing major pain points – including transaction failures, network overload and congestion, and general limitations around the chain’s scalability. However, the morale of Solana builders has been boosted since the Solaxy ($SOLX) project emerged last year, introducing Solana’s first Layer 2 solution and addressing all of the L1’s issues at once.

As the comprehensive and definitive answer to all of the problems that currently prevent Solana users and developers from experiencing fully optimal blockchain conditions, Solaxy has raised nearly $23 million through the presale for its native SOLX cryptocurrency. SOLX will be the default way to pay for Solaxy network transactions, and also has multi-chain compatibility that enables it to function across the Ethereum and Solana blockchains.

By merging Ethereum’s extensive user base and network liquidity with Solana’s exceptionally high throughput and cheap transaction fees, Solaxy stands to enhance experiences across almost every Web3 sector – including meme tokens, NFTs, DeFi, gaming platforms, AI, and more. This makes SOLX a hub that connects all of Web3 together, potentially helping its price to increase whenever a given crypto niche makes fresh gains.

For those looking to generate passive income through their crypto holdings, the SOLX presale enables holders to stake their SOLX for a lucrative APY of approximately 179% pa. It’s also very easy to acquire a large SOLX bag for a very limited time, as this crypto is priced at just $0.001642 during the current stage of its presale.

Visit Solaxy Presale

Best Wallet Token Unlocks Enhanced Experiences Within Top Crypto Ecosystem

While the crypto market waits for Bitcoin and Ethereum to give bulls the green light, countless investors are simply holding their funds within self-custody crypto wallets and staying patient. This has created a golden opportunity for the smartest crypto enthusiasts and whales, who are now buying up as much Best Wallet Token ($BEST) as they possibly can, driving the BEST presale to a fundraising total of more than $10 million so far.

Although Best Wallet does provide a self-custody crypto storage solution with institutional-grade security, its smartphone app includes many additional features that add up to a complete Web3 and crypto management ecosystem. Using a simple app interface, Best Wallet users can do everything from buying, selling, depositing, staking, and transferring crypto to immersing themselves in iGaming experiences and even becoming the first to invest in a selection of carefully vetted ICOs.

Best Wallet Token holders will get even lower transaction fees, significantly higher staking rewards, exciting iGaming extras, votes in the project’s governance process, airdrops, and stage-zero presale access via Best Wallet’s “Upcoming Tokens” launchpad.

The Best Wallet launchpad is an especially popular feature, thanks to the highly profitable success of Pepe Unchained ($PEPU), which saw its price multiply several times over after it launched, and Catslap ($SLAP), which is still over 840% in profit compared to its initial launch price.

BEST can be purchased at a discounted price of $0.024075 until it sells out or the next presale stage begins – and it can also be staked for rewards of up to 157% APY.

Visit Best Wallet Token Presale

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Kosta Gushterov