Start writing.Pi Network Coin Plummets 71% After Launch – Should You Hold or Sell?

The cryptocurrency market is known for its volatility, and the Pi Network Coin has proven to be no exception. Within 24 hours of its launch, Pi Network Coin crashed by 71%, leaving investors in shock. Despite the sharp decline, many analysts are advising holders to stay patient and hold onto their Pi Coins. In this article, we explore what caused the price drop, what experts are predicting, and whether you should hold or sell your investment.

Understanding Pi Network Coin

Pi Network is a decentralized cryptocurrency project that aimed to make mining accessible to everyone using a mobile phone. Unlike traditional mining, which requires high computational power, Pi Network allows users to mine coins via an app, making it more inclusive.

The project gained massive popularity, amassing millions of users worldwide before its official launch. However, the much-anticipated listing on exchanges did not go as planned, leading to a dramatic price drop.

Why Did Pi Network Coin Drop 71%?

Several factors contributed to the massive price decline just hours after Pi Network Coin launched on exchanges:

1. High Initial Valuation & Market Correction

Many investors expected Pi Coin to skyrocket upon listing, leading to overvaluation in early trading. However, as reality set in, the market corrected itself, bringing the price down significantly.

2. Lack of Immediate Utility

Despite the excitement around Pi Network, many investors realized that Pi Coin lacks immediate real-world use cases. Unlike established cryptocurrencies like Bitcoin and Ethereum, Pi Network is still in its early stages, leading to skepticism about its long-term value.

3. Early Investors Selling Off

Some early adopters who mined Pi Coin for years saw the listing as an opportunity to cash out. This massive sell-off created downward pressure, accelerating the price decline.

4. Limited Exchange Listings

While the launch was highly anticipated, Pi Network Coin was only listed on a few exchanges, limiting its liquidity and causing price manipulation risks.

What Analysts Are Saying – Hold or Sell?

Despite the sharp decline, crypto analysts suggest that investors should remain patient and consider the following before making any decisions:

Reasons to Hold Pi Network Coin

Early-Stage Potential: Many successful cryptocurrencies faced sharp corrections before stabilizing and growing in value.

Strong Community Support: Pi Network has a large and dedicated community, which could drive future adoption.

Ongoing Development: If Pi Network continues to build real-world applications and partnerships, its value may recover.


Reasons to Sell Pi Network Coin

Uncertainty About Long-Term Viability: Unlike Bitcoin and Ethereum, Pi Network is still in its experimental phase.

Risk of Further Decline: If investor sentiment remains negative, prices could continue dropping.

No Clear Roadmap for Exchange Expansion: Limited trading options could stunt future growth.


What Should You Do Now?

If you already hold Pi Network Coin, consider these strategies:

Long-Term Holding: If you believe in the project’s vision and potential, holding could be a wise choice.

Partial Profit-Taking: If you’re concerned about volatility, selling a portion of your holdings could mitigate risk.

Staying Informed: Follow updates from Pi Network’s development team to track progress and new announcements.


Conclusion

The 71% crash of Pi Network Coin after its launch was a wake-up call for investors who expected instant gains. However, it’s crucial to remember that the crypto market is highly volatile, and sharp declines are not uncommon.

If you believe in the future of Pi Network, holding may be a strategic move. However, if you’re risk-averse and uncertain about the project’s long-term viability, selling a portion of your holdings might be a safer option.

As always, do your research, assess your risk tolerance, and make informed investment decisions. The future of Pi Network remains uncertain, but its large user base and innovative approach still hold promise.