Pi Network (PI) has had quite a run over the last few months. The asset has climbed into the top 15 cryptocurrencies by market cap over the last few weeks. While the larger market was facing a correction, PI hit an all-time high. The asset reached a peak of $2.99 on Feb. 26. PI’s price has fallen by 45% from its all-time high.
Also Read: SEC Delays XRP, Solana, Litecoin, Dogecoin ETFs as Bitwise Launches Bitcoin-Focused ETF
Pi Network Outperforms Bitcoin, XRP, And Solana
PI is currently the best-performing cryptocurrency among the top 100 projects in the daily charts. The asset has rallied by 20.7% in the last 24 hours. On the other hand, Bitcoin (BTC) has rallied by 1.6%, XRP by 3.6%, and Solana (SOL) by 0.8% in the same time frame.
Also Read: AI Predicts Hedera Price If HBAR ETF Is Approved By May 2025
PI’s latest surge could be due to investors buying the dip. The asset has seen a rapid growth in popularity lately. Investors may be hoping to make a quick buck with the 12th-largest crypto by market cap.
How To Be A Millionaire When The Asset Hits $7.5
To have a million dollars worth of Pi Network (PI) at $7.5 per coin, you will need about 133,333.33 coins. The price of 133,333.33 PI coins right now is about $219,999.99. If your trade is successful, your investment will grow by about 354.55%.
According to CoinCodex, PI could breach the $7 mark very soon. The platform anticipates the asset to rally over the coming weeks. CoinCodex predicts PI will trade at $7.06 on Apr. 19. The platform does not anticipate PI to hit $7.5 just yet.
Also Read: Bitcoin’s Fall Resembles 2017 Crash
There is also a possibility that Pi Network (PI) will not rally as predicted. Macroeconomic conditions continue to present hurdles to the crypto market. PI may face a correction if global economics don’t improve.
Credit: Source link
