{"id":151306,"date":"2025-02-22T17:55:32","date_gmt":"2025-02-22T15:55:32","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=151306"},"modified":"2025-02-22T17:56:21","modified_gmt":"2025-02-22T15:56:21","slug":"pi-network-price-prediction-pi-slides-after-mainnet-launch-best-altcoins-to-buy-instead","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/pi-network-price-prediction-pi-slides-after-mainnet-launch-best-altcoins-to-buy-instead\/","title":{"rendered":"Pi Network Price Prediction: Pi Slides After Mainnet Launch \u2013 Best Altcoins to Buy Instead"},"content":{"rendered":"

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 \u2013 and crypto communities naturally also demand that projects keep them in the loop about key information and potential changes.<\/p>\n

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 \u2013 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.<\/p>\n

Solaxy ($SOLX)<\/a> and Best Wallet Token ($BEST)<\/a> 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.<\/p>\n

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Pi Network ($PI) Falls 80% After Launch Day Difficulties<\/h2>\n

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 \u201cenclosed network\u201d 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.<\/p>\n

Key project features range from the \u201cPi Browser\u201d 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\u2019s reputation also benefited from events like PiFest, where the project team demonstrated and showcased their network\u2019s capabilities.<\/p>\n

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\u2019s token generation event (TGE) marked its transition to a fully open network.<\/p>\n

Unfortunately, after such a long journey \u2013 especially for project supporters who had been mining PI for up to six years \u2013 the PI token\u2019s 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.<\/p>\n

Bybit CEO Ben Zhou went as far as to call the Pi Network a scam<\/a>, 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:<\/p>\n

\"PI<\/p>\n

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 \u2013 enabling price predictions with a greater probability of success.<\/p>\n

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 ($SOLX)<\/a> and Best Wallet Token ($BEST)<\/a> are charging ahead of the crypto presale pack, and raising millions of dollars through their ICOs.<\/p>\n

Solaxy Puts Solana Users First With Incoming Layer 2 Solution<\/h2>\n

Despite the Solana Layer 1 blockchain\u2019s success, it\u2019s still fighting to overcome some bearish sentiment due to its ongoing major pain points \u2013 including transaction failures, network overload and congestion, and general limitations around the chain\u2019s scalability. However, the morale of Solana builders has been boosted since the Solaxy ($SOLX)<\/a> project emerged last year, introducing Solana\u2019s first Layer 2 solution and addressing all of the L1\u2019s issues at once.<\/p>\n

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.<\/p>\n