Investing in Pi coin rivals may be a good option for investors since the odds of a mainnet launch delay have risen in the past few months. The developers recently delayed the KYC verification deadline, risking further delays. This article explores some of the best Pi Network rivals to consider for big returns.
Best Pi Coin Rivals to Buy in Case of a Mainnet Delay
There are many potential Pi coin rivals to buy if the developers decide to delay the mainnet. They recently delayed the grace period for the KYC verification to February 28 and insisted that the mainnet launch will happen in the first quarter. In December 2023, the developers had predicted that the launch would happen in 2024. Some of the top Pi Network rivals to buy are Bitcoin, Litecoin, Sui, and Tron.
Bitcoin (BTC)
Bitcoin is a good Pi Network rival to buy because of its long history of doing well. It jumped from near zero to over $109,000 in about 16 years. With Bitcoin’s supply easing, and with demand from Wall Street rising, there is a likelihood that its price will more than double in the long term. Bitcoin has also formed a bullish flag pattern on the weekly chart, pointing to potential gains ahead.
Litecoin (LTC)
Litecoin is another Pi coin rival to buy. LTC price has soared by over 130% from its lowest level in July last year. The main catalyst for the coin is that the odds of a spot LTC ETF have jumped, meaning that the SEC may go on with the launch. LTC is a Bitcoin hard fork, meaning that the SEC has no reason to deny the approval. A spot ETF may lead to more Litecoin demand, which will push its price from the current $117 to over $200.
Sui (SUI)
Sui price has surged by over 980% from its 2024 lows and is one of the best-performing layer-1 coins. It has also become a multi-billion dollar coin that has attracted many developers across multiple sectors like DeFi and gaming. Sui is a good Pi coin rival because it has become a bargain again.
The chart below shows that its pullback saw it retest the 61.8% retracement point, signaling a potential rebound later this year. A retest of its all-time high would signal a 67% jump from the current level.
Tron (TRX)
Tron is another Pi coin rival to buy and hold. It has formed a falling wedge pattern on the daily chart, pointing to a 96% surge to its 2024 high of $0.4485. The token is also supported by strong fundamentals, including its strong market share in the stablecoin industry and the fact that Donald Trump has invested in it.
More Pi Network Rivals to Buy
The other popular Pi Network rivals to buy are Solana, Polkadot, Mina Protocol, Near, and Algorand. These tokens may continue thriving if the value of Pi coin falls after the mainnet launch.
Frequently Asked Questions (FAQs)
Some of the top Pi coin rivals to buy are the likes of Bitcoin, Tron, Sui, and Litecoin. These are all blue-chip coins that have a strong record of performance and bullish performance.
The Pi Network mainnet launch is set to happen in the first quarter. However, there is a risk that the developers will delay it again as they have done several times.
It is not possible to buy the Pi Network coin for now since it is still in the enclosed mainnet. The coin may also crash after the mainnet launch as many holders dump the token.
crispus
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source: https://coingape.com/markets/4-pi-coin-rivals-to-buy-if-pi-mainnet-is-delayed-again/
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