The cryptocurrency market has been on a downtrend for a while now. Despite its notable start to the year, several assets were seen drowning in losses. Amidst this, Pi Coin (PI) made its debut and shook the market. While it made a rather strong entry, it failed to keep up. The altcoin has been recording a string of all-time lows throughout the past few days. During the past month alone, PI dipped by nearly 60%. While the sentiment around this asset is currently bleak, the community is hoping to record big changes sooner than later.

Also Read: Pi Network Eyes $3 as Price Rebounds 28% Amid Token Unlock Buzz

Is Pi Coin Starting Its Recovery Phase Soon?

Pi Coin was seen mirroring the sentiment of the rest of the market and declining. At the time of writing, the asset was trading at $0.5668, with a 2.33% drop over the past 24 hours. PI had a rather difficult weekend as it experienced increased volatility during that period.

The fairly new cryptocurrency managed to record an all-time high of $2.98 just days after its launch. This peak was attained over a month ago, in February. Currently, PI was seen trading 80.97% below this high. While this looked promising, the asset slid down to an all-time low of $0.4012 last week. PI is only 41% above this low.

Also Read: Is Now the Time to Buy Shiba Inu? Here’s What $2,000 Could Turn Into by 2027

2025 Price Prediction: Will The $3 Dream Become a Reality?

The PI market is expected to enter the second quarter of the year on a rather bullish note. While most of 2025 will be great for the asset, April in particular is expected to bring in notable gains. According to data from CoinCodex, the altcoin could surge by nearly 600% from its current price level and reach a high of $3.94 in April 2025. The asset will not only reclaim its previous peak but also register a new one.

Also Read: Ripple: AI Predicts XRP Price If XRP ETFs Are Approved By April-May 2025