Pi Network Mainnet Launch today

After seven years of development, Click to earn the PI network He was finally appointed to launch MainNet today at 8 am UTC. However, fear grows as the PI has already decreased by 55 %, and now trading about $ 30. This sudden decrease has led to speculation that the launch of Mainnet may lead to a further decrease forward.

An opportunity to make profit for the first workers

One of the biggest risks of PI comes from the first mining workers. These miners have gathered the distinctive PI symbols without any cost, and they are likely to look at the launch of Mainnet as the first real opportunity to carry their property.

For these individuals, the sale of part of their symbols can be a strategic step to lock profits, especially if they believe that the initial market price will be higher due to noise and speculation.

If a large number of the first mining workers decide to sell simultaneously, the market may suffer from a rapid increase in supply, which may reduce demand and this may lead to a sharp decrease in prices.

Market trends and technical indicators

after The official announcement of the launch of MainnetThe price of the distinctive PI jumped by approximately 90 %, increasing from $ 49 to $ 92. But this rise has not last long, as prices have decreased sharply since.

Meanwhile, technical signs also show that the price of PI is struggling. The symbol recently decreased to less than the main support level at $ 40, which had previously helped keep the price stable. In addition, and Relative power index (RSI), which measures whether the distinctive symbol has been purchased or increased, has recently entered the Pi purchase area.

However, it quickly decreased in the last 24 hours. In the past, the symbols that struck this region often witnessed their inverse prices and decreased. This may mean that more prices are coming to PI.

Air effect: common direction?

History has shown that the cryptocurrencies that were launched through Airdrops often suffer from a significant decrease in prices. When the distinctive symbols are distributed for free or at a low cost, many beneficiaries rush to sell their holdings as soon as the trading start.

The PI can follow a similar pattern, while increasing the supply of symbols that reach the market and lead its prices.

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The Great PI price is available to the available loss

As of now, I owe you (IU), Price has seen a sharp decrease, You are now trading $ 32 After a decrease of 57 % in only 24 hours. This incident occurred after the premium code failed to stay above the support level of $ 50.

With the launch of the next Mainnet, uncertainty grows, and B price You can face more downward pressure. Although it still maintains more than $ 30, breaking this level may lead to an additional decrease to $ 17.

If this happens, investors carrying PI in recent weeks may face more losses.

Common questions