Pi Network Hits All-Time Low as Analysts Predict Big Rally
The post Pi Network Hits All-Time Low as Analysts Predict Big Rally appeared on BitcoinEthereumNews.com. Pi Network’s token has dropped 35% to a new all-time low of $0.40, despite initial hype after its long-awaited launch Broader crypto market weakness and lack of strong recovery momentum have weighed heavily on $PI since its February ATH of $2.84 While short-term performance is weak, analysts project long-term growth Despite initial enthusiasm following the long-anticipated launch of its token, the price of Pi Network has crashed 35% to hit its all-time low (ATL). That said, the losses are part of the wider cryptocurrency market downturn that has seen other digital assets decline, too. Since it started to demonstrate mixed signals with short-term bearish trends about a week ago, $PI has continued to drag its feet. Today, it dropped to $0.40 in a matter of hours, or before slightly recovering again, according to the most recent chart data from TradingView. Notably, Pi Network’s price movements were largely steady, if unimpressive, since the token’s all-time high (ATH) of $2.84, reached on February 27 this year, just a few days after its long-awaited release. A brief sign of recovery appeared on May 12, when $PI hit $1.522, but it was soon hit by harsh market realities. Meanwhile, the entire crypto market has been going through a bit of a rough patch lately, during which many other assets have been registering declines. Even the market leaders, Bitcoin (BTC) and Ethereum (ETH), have seen losses of 2.76% and 8.71%, respectively. Analysts Offer Wildly Bullish Long-Term Price Targets That said, crypto analysts retain optimism regarding Pi Network’s long-term potential, expecting the price to rise significantly once both the project and its popularity expand. According to CoinCodex, it should trade between $0.46 and $0.67 from 2025 to 2027 before jumping to $0.91 – $2.81 by 2028. At the same time, DeepSeek forecasts a gradual increase to…
The post Pi Network Hits All-Time Low as Analysts Predict Big Rally appeared on BitcoinEthereumNews.com.
Pi Network’s token has dropped 35% to a new all-time low of $0.40, despite initial hype after its long-awaited launch Broader crypto market weakness and lack of strong recovery momentum have weighed heavily on $PI since its February ATH of $2.84 While short-term performance is weak, analysts project long-term growth Despite initial enthusiasm following the long-anticipated launch of its token, the price of Pi Network has crashed 35% to hit its all-time low (ATL). That said, the losses are part of the wider cryptocurrency market downturn that has seen other digital assets decline, too. Since it started to demonstrate mixed signals with short-term bearish trends about a week ago, $PI has continued to drag its feet. Today, it dropped to $0.40 in a matter of hours, or before slightly recovering again, according to the most recent chart data from TradingView. Notably, Pi Network’s price movements were largely steady, if unimpressive, since the token’s all-time high (ATH) of $2.84, reached on February 27 this year, just a few days after its long-awaited release. A brief sign of recovery appeared on May 12, when $PI hit $1.522, but it was soon hit by harsh market realities. Meanwhile, the entire crypto market has been going through a bit of a rough patch lately, during which many other assets have been registering declines. Even the market leaders, Bitcoin (BTC) and Ethereum (ETH), have seen losses of 2.76% and 8.71%, respectively. Analysts Offer Wildly Bullish Long-Term Price Targets That said, crypto analysts retain optimism regarding Pi Network’s long-term potential, expecting the price to rise significantly once both the project and its popularity expand. According to CoinCodex, it should trade between $0.46 and $0.67 from 2025 to 2027 before jumping to $0.91 – $2.81 by 2028. At the same time, DeepSeek forecasts a gradual increase to…
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