Is Pi Community Headed to Zero? Value Crashes to New Low Under $0.60

Pi Community has dived by 16% prior to now 24 hours, with its fall to $0.5128 coming because the crypto market drops by 1% within the wake of ongoing tariff and recession considerations.

PI has now declined by a whopping 38% in every week and by 74% in a month, elevating considerations that it has entered a demise spiral.

The token can also be down by 82% since reaching an all-time excessive of $2.99 on February 26, one other indicator of a severe decline in curiosity and confidence in it.

And with no new main exchanges keen to listing PI (at the very least for now), it’s more likely to proceed declining for so long as the market stays spooked by the incipient commerce warfare between the US and the remainder of the world.

Is Pi Community Going to Zero? Value Crashes to New Low Under $0.60

There’s no credible method of sugarcoating what PI is at present experiencing, which is a doubtlessly terminal collapse in worth.

As famous above, it has misplaced 80% of its worth since peaking in late February, and its chart displays its all-but full lack of momentum.

Its RSI (purple) was already struggling previous to yesterday’s market-wide selloff, but it has now plunged beneath 25, which is indicative of great underselling.

The identical goes for PI’s 30-period common (orange), which continues to sink additional beneath the 200-period (blue).

Underneath a traditional circumstances, an asset would have rebounded after struggling such weak indicators for therefore lengthy, so it’s doubtlessly an indication of a significant issue that Pi Community hasn’t loved a rebound in latest weeks.

And with the worldwide financial system getting into a interval of uncertainty and doubtlessly even recession, it will be foolhardy to anticipate a sustained restoration anytime quickly.

On prime of this, Pi Community suffers from low confidence within the wider market, with some merchants and analysts persevering with to discuss with it as both a data-harvesting scheme, a Ponzi, or each.

This lack of religion might account for why the likes of Coinbase, Binance and Kraken have but to listing the token, a truth which can also be conspiring to ship it decrease.

Given these negatives, the one method for Pi Community is down, with the coin more likely to sink beneath $0.50 within the subsequent few weeks.

It may drop as little as $0.40 by June, except one of many above exchanges does take the step of itemizing it.

New Altcoins with Stronger Fundamentals

As a result of Pi Community now appears so uncertain, many merchants could also be a lot happier investigating newer tokens, with a number of up-and-coming cash displaying the potential for features within the close to future.

That is one thing that may very well be mentioned about MIND of Pepe (MIND), an ERC-20 token that’s at present holding its presale, having raised $7.8 million to this point.

What’s thrilling about MIND of Pepe is that its platform will launch an agentic AI, one which is able to work together with the cryptocurrency market and social media.

Particularly, it should course of buying and selling information and social media posts to offer MIND holders with market evaluation, serving to traders to make higher choices.

It can additionally generate its personal meme cash, utilizing the insights it has gleaned to provide tokens with the very best potential to go viral.

And what makes MIND itself bullish is that holders of the coin will achieve early entry to MIND of Pepe’s auto-generated tokens, one thing which may allow them to make huge income down the road.

Buyers can be part of its presale now by visiting the MIND of PEPE web site, the place MIND at present prices $0.0036671.

This worth will rise tomorrow, and can proceed to rise incrementally till the sale’s finish.

The submit Is Pi Community Headed to Zero? Value Crashes to New Low Under $0.60 appeared first on Cryptonews.