After a long wait, investors who acquired Pi Coins are celebrating significant gains due to an unexpected price performance.
Despite the ongoing transparency-related FUD posing some risks for Pi Coin, the cryptocurrency continues to hover at reasonable levels. What dollar target is set for its price? What predictions exist for Bitcoin and other cryptocurrencies?
Pi Coin Price Prediction
Bitcoin (BTC)
$ 84,652 is currently lingering around the $84,500 mark, while altcoins are showing slight recovery. Although the beginning of April has been challenging for cryptocurrency investors, easing tensions on the Trump front are nurturing hopeful expectations for the coming days.
The analyst known as Captain Faibik has recently set a price target of over $1.60 for Pi Coin in his latest chart evaluation.
“In the 8H timeframe, the PI is breaking upward from a descending channel… The bulls are ready for a pump.”
According to his scenario, there is potential for the price to increase by 169% from the breakout point, possibly reaching below $1.75.
Will Cryptocurrencies Rise?
In the last 24 hours, exchanges saw an outflow of 37,000 BTC, which Ali Martinez interprets as a signal of strong accumulation. The rise following the deferral of electronic tariffs is bolstered by signals of consensus regarding the tariffs. If Trump officially announces the negotiated agreements in the coming days, the upward trend in risk markets could continue.
While DaanCrypto expresses a cautious stance, he notes that some altcoins are already showing movement, and he believes we can expect more.
“While the market remains highly volatile and fluctuating, there are definitely some interesting altcoins making moves outside. As more coins continue to emerge, the overall market environment for altcoins will improve.
BTC.D $ remains on an upward trend, but the situation has been the same throughout the cycle. This does not mean there won’t be isolated conditions or stories that yield good results.”
In the past 24 hours, HNT has risen by 30%, JASMY by 18%, and Pi Coin by 11%, making them top performers among the largest 100 cryptocurrencies. Meanwhile, altcoins like FARTCOIN, MOVE, and XCN have experienced losses of 2-3%.
