While most assets in the market are rising, Pi coin (PI) is taking a different path. Despite an overall market recovery, this altcoin has failed to achieve significant growth. The asset had strong momentum at its listing but failed to sustain it. Over the past two months, PI has been struggling. Recently, the asset fell to a historic low of $0.4012, causing market turmoil. Early investors had thought this cryptocurrency would soon reach new highs, but it now seems to be heading in the opposite direction.
It is worth noting that the performance of Pi in the early stages of its listing attracted the attention of the entire market. Pi coin soared to a high of $2.98 on February 26, 2025, just a few days after its listing. However, the current trading price of the asset has fallen 79% from its peak.
Will Pi coin rebound quickly?
As of the time of writing, the trading price of PI is $0.6144. This price has dropped 2.94% in the past 24 hours. Earlier today, the asset's trading price reached as high as $0.6371, before plummeting to a low of $0.6096. This is in stark contrast to the situation in other markets.
Price prediction for May 1
It seems that the current trend of PI may not continue into next month. According to the latest data from CoinCodex, the price of Pi coin is expected to soar 13.82% from its current level, reaching a high of $0.69121 on May 1, 2025. This marks a significant increase for the PI market, which has been struggling for some time. Investors will gain some breathing room due to the recent surge.
