Pi Network Aiming for $5.26: When Will This Network Reach This Milestone?

Pi Network has witnessed a significant change in its market behavior over the past few weeks. The PI token has bullishly surged, temporarily becoming one of the top 15 digital assets based on market capitalization. PI reached an all-time high of $2.99 on February 26 before falling sharply. Subsequently, the token has decreased by 61.5% from its all-time high and is currently the 21st largest cryptocurrency by market capitalization. The Recent Decline of the Cryptocurrency Market and the Clear Adjustment of Pi Coin The cryptocurrency market in general has recovered after last week's downturn. Bitcoin (BTC), which fell to $77,000 on March 11, has rebounded to $83,000, boosting other digital assets to follow suit. However, despite this bullish trend, PI continues to incur losses. The price of the PI token has fallen over several time frames. In the past 24 hours, PI has decreased by 0.4%, while the weekly and bi-weekly losses are 22.2% and 37.3%, respectively. This prolonged decline may be due to investors locking in profits after PI reached an all-time high last month. Additionally, with minimal real-world usage, most holders may see little reason to maintain their positions, leading to further sell-offs. The price of PI token shows potential to reach a new all-time high. Despite recent failures, there are predictions that PI will have a strong recovery and surpass its previous all-time high. According to CoinCodex, the price of Pi Coin could rise to $5.26 on April 25, an increase of 353.45% compared to the current price. Its increasing value also depends on many variables, from the overall market conditions to the sentiments of investors and anything happening in the Pi Network environment. If the cryptocurrency market continues to maintain a long-term recovery mode, PI Network has the potential to gain the necessary momentum to reach a new all-time high. However, there are still many hurdles to Pi Coin's price trajectory. Market volatility, global economic conditions, and uncertainty among investors could hamper the token's growth. While positive forecasts predict a strong rally, it is also likely that PI Network will not be able to regain its previous peaks, let alone surpass them. As April approaches, everyone will be keeping an eye on PI's price action to see if it reaches its predicted target or if there are more corrections. The Latest Developments in the Ecosystem The PI ecosystem continues to expand, regardless of price fluctuations. Last weekend, the Pi Core team announced the launch of .pi Domains to promote greater utility within the ecosystem, as mentioned in our most recent news. Recently, Pi Network has implemented two-factor authentication (2FA) in the wallet, enhancing security for the process of moving Pi to Mainnet, with a verification period of 14 days, as previously stated.