March has been a challenging month for the entire cryptocurrency market. While several assets were seen struggling, Pi Coin (PI) seemed to be hit the hardest. The fairly new cryptocurrency dipped by 48% throughout the past month. The asset was trading at a high of $1.21 before slipping to a low of $0.4012 during this month. The asset started its journey in the industry on a good note. But it seems to be closer to its all-time low at the moment.
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Has Pi Coin Started Recovering?
The cryptocurrency was trading at a high of $0.6133, at the time of writing. The altcoin witnessed a 0.40% drop over the past 24 hours. Just earlier this week, the asset jumped to a high of $0.77. But Pi Coin failed to retain this position and dropped down to its current price. During this period PI surged by 2.43%.
Pi Coin turned heads during its launch as it surged to its all-time high. The altcoin hit a peak of $2.98 about two months ago towards the end of February. The asset is currently trading 79% below this peak. But during its initial rise, the community was seen comparing PI to Shiba Inu (SHIB) and other assets that gave rise to an array of millionaires.
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April 20 Price Prediction
It looks like Pi Coin will revisit price levels from earlier this week. According to data from CoinCodex, the asset will record a 12.07% and trade at $0.6862 on April 20. The asset will carry this momentum throughout the next couple of days. The firm noted that on April 19, PI will be priced at $0.6439. While the magnitude of this uptick is minimal, the asset has to start small to eventually pocket big gains.
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