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#CryptoPortfolio
Pi Network has lost 40% of its value in the past two weeks: 3 reasons for the decline
The Pi Network, which gained attention in the cryptocurrency market last month and attracted significant investor interest. However, its price dropping by 40% over the past two weeks has raised concerns among investors. The price is currently trading between $1.30 and $2, and market confusion persists.
General recession and market uncertainty
The sharp drop in Pi Network is linked to fluctuations in the general cryptocurrency market. Major cryptocurrencies such as Bitcoin, ADA, SOL, and XRP have also significantly lost their value in recent weeks. Geopolitical developments and global economic concerns are negatively impacting investor sentiment.
In particular, US trade policies and potential tariffs create uncertainty in the markets. Given the general sensitivity of digital markets to global economic developments, such fluctuations make investors more cautious. Bitcoin's price dropping below 80,000 dollars after surpassing 100,000 dollars has created a negative sentiment in the entire market.
Bay Network is still struggling with its strong competitors
Pi Network, a new project still relatively new to the market and not yet listed on major exchanges. Investors remain uncertain about Pi's long-term success compared to strong competitors such as Bitcoin and Ethereum, in terms of liquidity, use cases, and investor confidence, Pi remains in the development stage.
Will Bnb be listing the Pi network this week?
It is expected that the Pi Network, which will undergo the upcoming mainnet phase (mainnet), will become more capable of transactions in the near future. Users are expected to link their wallets by performing identity verification (KYC) during this phase, which is scheduled to be completed on March 14. If this process succeeds, it may be possible to accept Pi on a wider scale and achieve a price recovery.
Investors are selling profits
The Pi Network witnessed a significant surge last month, with its value increasing by over 200%. Early investors may have sought to realize their profits after this sudden surge.
Analyst: Pi Network is gearing up for a comeback, these levels are on the table!
Due to continued uncertainty, some investors may prefer to realize short-term profits rather than holding their assets for a long period. As the final results of the transition process on March 14 are unknown, investors may consider selling before a price drop occurs as a safe step.
#Crypto Market Rebounds #Potential Altcoins to Watch #F1 Speed Racing, Share $50K