4 PI’s competitors to consider the PI

The price of PI Network collapsed on Thursday, and the pressure pressure continued on Friday, when the launch of the long -awaited Mainnet was injured.

After a preliminary increase after the launch of Mainnet, the PI currency (BayThe price decreased by more than 50 %, providing approximately 6 billion dollars in the market value. According to Coinmarketcap, the currency market value was initially $ 10 billion before decreasing to $ 4.1 billion.

The collapse of the price of the PI network was in line with Our previous analysis. We have cited an increase in the sale by the pioneers and the fact that the most recent flight like hamster Kombat and Wormhole has crashed.

Best PI competitors to look

Some of the most important competitors of the PI network or alternatives to thinking are Bitcoin (BTC), Binance (BNB), Al -Munqat (a point) And chainlink (connection).

Bitcoin

Pi Network is designed as a possible bitcoin alternative, providing the capabilities of smart contracts and a DAPS ecosystem. However, Bitcoin was historically one of the best cryptocurrencies, rising from less than one dollar in 2009 to $ 109,200 this year.

Bitcoin has strong basics. Investment funds are witnessing strong flows, while bitcoin exchange balances are decreased. Also, as we wrote recently, it has been formed A cup, pattern handle and ascension science It may push it up over time.

Bennes currency

BNB is another PI competitor worth seeing because of its strong basics and technical indicators. Its ecosystem expands, supported by DAPPS like pies then. Recently, the folder dealt with on DeX networks fluctuated Ethereum and Solana.

It is also a large contraction, as the network burns the distinctive bnB codes with a value of more than one billion dollars per quarter. The BNB price has also been a cup and future pattern that may be Pay it over $ 1,000 In the short term.

ChainLink

ChainLink is a pioneering alternative to the PI due to its strong situation on the market. As the largest Oracle network in the encryption industry, it provides basic services for major platforms such as AAVE and the boat.

ChainLink is a great player in the distinctive symbol of assets in the real world through the interfering operating protocol in the chain. CCIP is a protocol that facilitates communications and communication processes across various banks.

The project got partnerships with major institutions, including Swift, UBS, Anz, World Liberty Financial and Coinbase. In addition, there is increasing speculation that SEC may agree on the Spot ETF link later this year.

Dotted

Polkadot is a more contradictory Coin PI competitor because its price has been shattered recently. The main catalyst is continuous Moving to Polkadot 2.0Which will provide friendly features for developers. With Polkadot 2.0, one will not need to go to a long time and cost to build on Blockchain.

From a technical perspective, Polkadot formed a quadruple pattern, a known rising indicator. It is also in the accumulation phase of Wyckoff theory, which usually precedes the coding phase. This can push its price to the level of decline by 50 % at $ 30, which represents an increase of 500 % over the current levels.