#PI Pi Network lost 40% of its value in the last 2 weeks: 3 reasons for the decline

Pi Network, last month attracted attention in the cryptocurrency market and gathered significant interest from investors. However, a 40% price drop in the last two weeks has scared off investors. The price currently fluctuates between $1.30 and $2, and the market remains uncertain.
General calm and uncertainty in the market
The sharp drop in Pi Network is associated with fluctuations in the overall cryptocurrency market. Large cryptocurrencies such as Bitcoin, ADA, SOL, and XRP have also significantly lost value in recent weeks. Geopolitical events and global economic concerns are negatively impacting investment sentiment.
Particularly trade policies of the USA and possible new tariffs create uncertainty in the markets. Since cryptocurrency markets are usually sensitive to global economic events, such fluctuations make investors more cautious. After bitcoin surpassed the $100,000 psychological mark and fell below $80,000, a negative atmosphere has formed across the entire market.
Pi Network will continue to compete with strong competitors
Pi Network is a new project in the market and is not listed on major exchanges yet. Compared to powerful competitors like Bitcoin and Ethereum, investors are still unsure about Pi's long-term success. Liquidity, use cases, and investor trust are all in the process of development.
Currently, it is expected that with the transition to the (mainnet) Pi Network will be able to conduct more transactions. During this process, which is expected to be completed on March 14, users need to verify their identity using KYC and link their wallets. If this process is successful, Pi may receive more widespread recognition and potential price recovery.
Investors sell shares
The Pi network grew by more than 200% last month. After this sudden growth, early investors may try to realize their profit.
Due to the ongoing uncertainty, some investors may prefer to take profits in the short term by holding their assets for the short term. Since the consequences of the transition on March 14 are not fully known yet, investors may have viewed selling as a safe move before the price decline.
NOT FINANCIAL ADVICE