Pi Network (PI) has seen a monthly decline approaching 20%, decoupling from the recent all-time highs of Bitcoin. In the current cryptocurrency bull market, most digital assets are surging, but Pi Coin seems to be moving in the opposite direction. This disappointing price trend has rekindled interest in investing in strong early cryptocurrencies.

Pi Network struggles to catch up with the mainstream crypto market.

Despite Pi Network launching Pi AI Studio 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 tokens this month, bringing the circulating supply above 8 billion. With more and more tokens flooding into the market every day, investor demand is unable to keep up.

While bulls believe that the number of tokens unlocked will decrease in the coming months, the recent 26% price crash and market capitalization dropping to $3.4 billion show that Pi Network is struggling to maintain its early hype. Many traders are looking for an alternative to Pi Network that has actual usability, growth potential, and is a top cryptocurrency under $1. Currently, the most promising option appears to be the pijswap platform token, a DEX platform based on the Pi public chain that is showing strong upward momentum.

Additionally, as Pi Coin struggles

Due to the continuing downtrend in Pi Coin prices and the surge in unlocked tokens, even loyal holders of Pi Network are seeking other investment directions.