4 rivals of the Pi network to consider how the price of the currency pi is blocked

The price of Pi Network crashed on Thursday, and the sales pressure continued on Friday while the long -awaited launch of Mainnet disappointed investors.

After an initial increase after its launch of principles, the price of the PI (PI) currency fell by more than 50%, eliminating almost $ 6 billion in market value. According to Coinmarketcap, the market capitalization initially stood at $ 10 billion before falling at $ 4.1 billion.

The PI network price lock was in line with our previous analysis. We cite the increase in the sale by the pioneers and the fact that the most recent drugs such as Hamster Kombat and Wormhole have crashed.

The main rivals of the Pi network to consider

Some of the main rivals or alternatives of Pi to consider are bitcoin (btc), Binance Coin (BNB), Polkadot (Dot) and Chainlink (Link).

bitcoin

PI Network was designed as a potential alternative to bitcoin, which offers smart contract capabilities and a DAPPS ecosystem. However, bitcoin has historically been one of the best yield cryptocurrencies, which increases from less than $ 1 in 2009 to $ 109,200 this year.

bitcoin has solid foundations. Their ETFs are seeing strong entries, while bitcoin exchange balances are falling. In addition, as we wrote recently, he has formed a cup and mango pattern and a bullish flag that can push it higher over time.

Binance currency

BNB is another rival of the PI network that is worth considering due to its strong foundations and technical indicators. His ecosystem is expanding, backed by DAPPs such as Pancakeswap and Thena. Recently, the volume managed in their nets Dex turned ethereum and Solana.

It is also very deflation, since the BNB tokens burning network worth more than $ 1 billion each quarter. The BNB price has also formed a cup and handling pattern that can push it above $ 1,000 in the short term.

Bond

Chainlink is another leading alternative to the Pi network due to its strong market position. As the largest oracle network in the cryptographic industry, it provides essential services to main platforms such as AAVE and complex.

Chainlink is also a great player in the real world asset token industry through its cross -chain interoperability protocol. CCIP is a protocol that facilitates communication and asset transfers through several block chains.

The project has ensured associations with the main institutions, including Swift, UBS, Anz, World Liberty Financial and Coinbase. In addition, there is a growing speculation that the SEC can approve an ETF spot link at the end of this year.

Polkadot

Polkadot is a more contrary Pi coins rival because its price has been crashed recently. Its main catalyst is the ongoing transition to Polkadot 2.0, which will introduce friendly characteristics for developers. With Polkadot 2.0, one will not need to go through the prolonged and expensive paracene auction to build in the block chain.

From a technical perspective, Polkadot has formed a quadruple background pattern, a well -known bullish indicator. It is also in the accumulation phase of Wyckoff the theory, which generally precedes a marking phase. This could generate its price at a 50% setback level to $ 30, which represents a 500% increase in current levels.