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.
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