PI networks developers are gearing up for the much -awaited mannet launch, which is expected to be in March.
This will allow the Mennet launch pioneers to mudrik their accumulated tokens and developers to display their apps for their target audiences.
The developers launched for more than seven years after launching the network, which allowed pioneers tokens on their smartphone.
Not much has been revealed about the Mennet launch, including the date and price. The speculation is that the price of the PI coin will start trading at $ 3.14, the price of the PI. There are three reasons here why the price of the PI network may crash after the menet launch.
PI network price may fall due to revenge
The first main reason is that the price of the PI coin may crash after the menet launch. This is a situation where pioneers who have been mining tokens for years decide to sell all their tokens.
This is because these pioneers have waited for a long time to launch the Mennet. He missed out on recent crypto price hike in 2021 and in the last three years.
Developers of PI Network have also disappointed them by remembering the major deadline. For example, he delayed his customer verification or KYC from 31 November to 28 February last year.
Tap-to-Kamai token Crash after Aircraop
The price of PI Con may crash after the aircraft, the other reason for this is that many tap-to-Kamai tokens crashed after their aircraft. Humster Combat has crashed up to 90% from its highest level in September last year.
Other tokens such as dogs and notcines have also fallen. This is notable because the PI network is a tap-to-Earn platform where users submit tokens by tapping a button on the app. The only difference is that the PI has created its blockchain and its ecosystem, including a browser and firecurrent forum.
These tokens are crash as many users who have sold their tokens and converted them into Fiat currencies.
It is not only tap-to-kamai tokens that have crashed after the aircraft. Recently, all drowns have been submerged after launching their tokens like BERCHAN, Vermahole, and Zksync.
For example, many PI networks pioneers would like to sell early to avoid mistakes of most tap-to-Kamai holders.
Seasonal to play a factor
In addition, the PI Network Mennet launch may occur in the last days of the quarter. Historically, the third quarter is usually the second worst period for cryptocurrency as it coincides with the summer season. Coinglass data shows that Q2 has average bitcoin return 26%, followed by 6% in Q2.
Therefore, there is a risk that if the seasonal aspect works, the price of the PI coin will fall. The newly launched aircrafts do well when a crypto bull run occurs.
