Pi Coin Network: Potential Risks Ahead For Pi Network

Pi Coin Network Risks: Mainnet Delay and Crypto Crash

Pi Coin Network: Potential Risks May Cause Price Drops

Pi coin Network is in trend as the grace period is near its end. However, the Pi crypto network price just crashed at the start of the week, as the Bitcoin plunged with many altcoins. It dropped by almost 20% on its worst day since November.  

There are substantial risks in front of the Pi coin that can push it downside. These mainly include mainnet launch delay and the ongoing crypto crash.

Pi Network Price Drop Possible If Mainnet Delays 

The Pi coin Network has already been facing criticism for delaying its mainnet launch. The launch was supposed to occur in November, which got shifted to December and now to January end. This is posing the biggest risk for the Pi crypto. One may note that a 50% price fall has already occurred since the developers at the Pi Network postponed the grace period for KYC migration in the month of November.

The purpose was to give time to the pioneers who could not migrate their Pi coins to the mainnet by then. 

Crypto Crash - The Other Potential Risk

The continuation of the crypto crash is yet another risk to the Pi Network value or Pi coin price. The external environment needs to be supportive for the listing to happen as part of the third mainnet migration, as per developers.

There are two notable external factors that can impact the Pi Network, the Pi coin network price, and its recently ongoing developments. These are cryptocurrencies’ performance and regulations that are imposed on the market and its working. With the Donald Trump administration coming up, regulatory environment is expected to be good only.    

However, like companies avoid launching IPOs when the stock market falls, the same way, the Pi crypto Network may also delay the listing if cryptocurrencies are plunging.

There have been price drops for most tap-to-earn tokens like DOGS, Hamster Kombat and Catizen, indicating a possible Pi crypto price drop too after mainnet launch as many pioneers sell.

Pi coin Network has been making headlines for its Open Network Launch developments recently. It has remained popular among the users despite criticism. It recently gave tips for the users to step further in the process and also avoid scammers.

Pi price and Network were also in the news for the Pi coin Network wallet addition by Zypto app.

Pi Network is a crypto project whose opening of mainnet and native token is what we’ve been waiting for impatiently. This crypto project allows crypto mining for the crypto miners who wish to mine cryptocurrencies from their smartphones.