While most assets in the market were moving upwards, Pi Coin (PI) was on a track of its own. The altcoin failed to bag notable gains despite the overall market recovery. The asset entered the market with a bang but failed to carry this momentum forward. PI was seen struggling throughout the past two months. More recently, the asset slipped to a new all-time low of $0.4012, causing chaos in the market. Early investors were under the impression that the cryptocurrency will soon reach a new peak but it seems to be moving in the opposite direction.
Also Read: Top Economist Warns of US Economic Meltdown
It should be noted that PI’s performance during its initial days caught the attention of the entire market. Pi Coin managed to surge all the way to a high of $2.98 on February 26, 2025. This was achieved just days after its launch. But currently, the asset was seen trading 79% below this peak.
Will Pi Coin Bounce Back Sooner Than Later?
At the time of writing, PI was trading at $0.6144. This comes after a 2.94% drop over the past 24 hours. Earlier today, the asset was trading at a high of $0.6371 before plummeting to a low of $0.6096. This is quite the opposite of what is happening in the rest of the market.
Also Read: Solana: Will SOL Reclaim $200 in May 2025?
May 1 Price Prediction
It looks like PI might not be carrying its current trend into the coming month after all. According to new data from CoinCodex, Pi Coin will witness a 13.82% spike from its current price level and surge to a high of $0.69121 on May 1, 2025. This marks a notable rise for the PI market that has been struggling for a while now. Investors will garner some respite with the latest uptick.
Also Read: Treasury Secretary Bessent Says “India Might Be One of First Trade Deals We’ll Sign”
Credit: Source link