Pi Coin Recovers From Crash, Doubles in Price Rising 165%

Pi Network Coin plunged 65% minutes aft its motorboat connected Thursday causing millions successful losses to investors. However, the token rebounded successful the charts and surged much than 100% during the play doubling investor’s wealth successful a abbreviated period. It had fallen to a debased of $0.65 and is present hovering astatine the $1.61 people successful the indices. It surged adjacent to $1 during the play successful a singular crook of events.

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Source: Coingecko

Traders who held connected to their positions without fearing the clang and jumping vessel are present sitting successful monolithic profits. Their portfolios person much than doubled successful little than a week and Pi Coin is present among the top-performing assets successful the broader cryptocurrency market. If you had invested $1,000 connected its motorboat time connected February 20, it would person turned into $2,650 connected Monday.

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Source: Coingecko

How High Can Pi Coin Reach?

Source: X / Pi Core Team

Leading on-chain metrics and terms prediction steadfast CoinCodex has painted a bullish representation for Pi Coin. According to the terms prediction, the caller token could surge by different 20% to 25% successful the indices by the extremity of February. The forecast estimates that Pi Coin could breach the $2 level adjacent period and deed a caller precocious of $2.20 during mid-March 2025.

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Source: CoinCodex

That’s an uptick and instrumentality connected concern (ROI) of astir 40% from its currency terms of $0.65. Therefore, an concern of $1,000 successful Pi Network Coin could crook into $1,400 successful mid-March if the forecast turns retired to beryllium accurate.

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However, the cryptocurrency marketplace moves successful tandem with the banal markets and a downturn could propulsion prices of starring altcoins down. The US banal marketplace experienced a clang connected Friday with Dow Jones plummeting astir 750 points. The broader Asian banal markets besides stay successful the reddish connected Monday with small to nary terms spurts. The developments could impact Pi Coin successful the coming days and it is advised to beryllium cautious earlier taking an introduction position.