The crypto market constantly sees new assets emerge, but not all make a lasting impact. Some coins slowly gain value, while others quickly lose momentum.
Pi Coin (PI) initially caused a stir when it launched, surging to an all-time high of $2.98 shortly after hitting the market. However, the excitement faded as the coin’s value plunged, now sitting about 75% below that peak. As April unfolds, investors are left wondering whether the asset can stage a comeback.
Entering the second quarter, the broader crypto market displayed positive momentum, with several coins recording notable gains. Pi Coin also saw a slight uptick, trading at $0.7182 after a 2.29% rise in the past 24 hours.
Despite this improvement, concerns remain as the coin recently hovered near its all-time low of $0.6152, trading as low as $0.6858 on March 31. Currently, it remains just 16.73% above this lowest point.
Looking ahead, some predictions suggest a potential turnaround for PI by the end of April. Analysts at CoinCodex anticipate a significant rise, forecasting a 291% increase by April 26, which could push the coin’s price to around $2.83.
If this projection holds, the final days of the month may see triple-digit gains, offering a possible rebound from its current struggles. Whether this bullish outlook materializes remains to be seen, as the market continues to watch PI’s next move.
Fidelity Investments has moved forward with plans to launch a spot Solana Exchange-Traded Fund (ETF), with the U.S. Securities and Exchange Commission (SEC) formally acknowledging the filing.
Cryptocurrency analyst Ali Martinez has raised concerns about Ethereum’s future performance against Bitcoin, suggesting a significant decline could be on the horizon.
The crypto market is seeing increased support from various industries, with payment firms playing a key role in promoting digital assets.
Binance, the leading cryptocurrency exchange, made headlines today with an update concerning several altcoins on its platform.