Pi Network (PI) important signal: depeg Bitcoin fell nearly 20% in a month, will TAO rise to replace the dominant position?

What potential coins can be focused on at Gate.io?

Pi Network (PI) has seen a monthly fall approaching 20%, decoupling from the recent Bitcoin price movement that has reached new highs. In the current crypto assets bull run, most digital assets are soaring, but Pi coin seems to be heading in the opposite direction. This disappointing price movement has reignited interest in early cryptocurrency investments with strong momentum, particularly projects focused on practicality like Bittensor (TAO).

Pi Network strives to catch up with the mainstream Crypto Assets market

Despite the launch of Pi AI Studio by Pi Network to support developers in building AI applications, it still faces supply issues. The latest data from PiScan shows that the network will unlock 130 million coins this month, bringing the circulating supply to over 8 billion coins. As more and more coins flood the market every day, investor demand is unable to keep up.

Although the bulls believe that the number of tokens unlocked will decrease in the coming months, the recent 26% price fall and the market capitalization dropping to 3.4 billion dollars show that Pi Network is struggling to maintain its early hype. Many traders are looking for an alternative to Pi Network that has both practical usage and growth potential, and is a top crypto asset under 1 dollar.

Due to the fact that the price movement of PI is still in a downward trend, and the unlocking volume continues to surge, even loyal holders of the Pi Network are seeking other investment directions.