Pi Coin Has Crashed 90% Since February: Is the PI Hype Gone?

The cryptocurrency market is experiencing a massive correction today. Pi Coin (Pi Network/PI) has been facing a similar fate over the last few months. The coin experienced a surge in popularity earlier this year, hitting an all-time high of $2.99 on Feb. 26. Pi Coin’s (PI) price has seen a 90.1% crash since its February peak. According to CoinGecko, PI’s price has fallen by 17.3% in the last 24 hours, 15.5% over the last week, 15.2% in the 14-day charts, and 18.2% over the previous month. Let’s discuss if PI has lost its momentum, and if the hype around the project has died.

Pi Coin price crash
Source: CoinGecko

Has Pi Coin Lost the Hype After a 90% Price Crash?

Pi Coin Price Prediction
Source: Bankless Times

While Pi Coin (PI) was rallying in late February, the larger crypto market was facing a correction. The divergent trend could mean that PI’s rally was not due to a bullish market. PI’s rally and popularity were tied to online buzz and speculation. The lack of hype is a major factor for PI losing substantial momentum over the last few months

Also Read: Why Is The Cryptocurrency Market Down Today?

According to CoinCodex, Pi Coin’s (PI) price will continue to dip over the coming weeks. The platform anticipates PI to trade at $0.265 on Dec. 21, 2025. Falling to $0.265 will lead to a correction of 10.17% from current levels.

Pi coin price prediction
Source: CoinCodex

There is a possibility that Pi Coin (PI) will rebound in October. October has usually been a bullish month for the cryptocurrency market. Bitcoin (BTC) could see a rebound over the coming weeks. A potential BTC rally could trigger a market-wide upswing. Moreover, the Federal Reserve is expected to roll out another 25 basis point interest rate cut next month. A rate cut could lead to another bullish phase for the cryptocurrency.

Despite the possibility of a bullish reversal in October, it is unclear if Pi Coin (PI) will reclaim its lost momentum. The asset struggled even when the larger market was rallying.

  • Pi Coin

Comments

Post a Comment

Popular posts from this blog

Solana adds $12 billion ahead of ETF ‘imminent launch’

Image
Solana (SOL) is experiencing a steady inflow of capital as anticipation builds around the launch of the first-ever Solana staking exchange-traded fund (ETF) in the United States. Over the past week, Solana’s market capitalization has increased by $12.23 billion, rising from $68.32 billion to $80.55 billion, representing a 17.9% rise. Solana one-week market cap chart. Source: CoinMarketCap This capital inflow has coincided with a price rally, with SOL trading at $151, up 16% on the week and nearly 1% in the past 24 hours. While the broader crypto market is benefiting from easing geopolitical tensions in the Middle East, Solana’s gains are being significantly driven by optimism surrounding the upcoming ETF. To this end, ETF provider REX Shares is nearing the launch of its REX-Osprey Solana Staking ETF, having reportedly addressed key regulatory concerns with the Securities Exchange Commission (SEC).  The ETF is designed to offer investors expo...
Read more

Wall Street banking giant sets Bitcoin’s price for end of 2025

Image
Wall Street banking giant Citi (NYSE: C) is projecting a bullish outlook for Bitcoin (BTC) by the end of 2025, with its base-case target set at $135,000. According to the bank’s valuation framework, the flagship digital currency could reach $135,000 while a more optimistic outlook sees Bitcoin surging to $199,000. The updated forecast is guided by Citi’s refined model, which emphasizes three main price drivers, including user adoption, macroeconomic conditions, and inflows into spot Bitcoin ETFs. To this end, Citi analysts Alex Saunders and Nathaniel Rupert noted that the core valuation begins with a 20% increase in user growth under a linear network model, supporting a price near $75,000. Macroeconomic headwinds, such as weak equity markets and underperforming gold, are expected to shave off about $3,200.  Impact of ETFs on Bitcoin’s price However, Citi anticipates around $15 billion in net ETF inflows, which could add approximately $63,000 to the mode...
Read more

Robert Kiyosaki warns ‘biggest crash in history’ will be in February

Image
Robert Kiyosaki, author of ‘Rich Dad Poor Dad’ and financial educator, is an influential voice in the realm of personal finance. He is also quite an outspoken market commentator — and never shies away from sharing his takes with investors. As a noted critic of fiat currencies, which he has often referred to as ‘fake money’, it comes as little surprise that Kiyoski is bullish on gold, silver, and cryptocurrencies — particularly Bitcoin (BTC). On the other hand, the author is also quite a controversial figure — often criticized for his incendiary, alarmist rhetoric, as well as the fact that he is approximately $1.2 billion in debt. However, over the course of 2024, Kiyosaki’s portfolio netted an impressive 76.03% return — buoyed primarily by Solana (SOL), Ethereum (ETH), and Bitcoin. Picks for you Funtico launches TICO to bolster gaming ecos...
Read more