The cryptocurrency market is showing signs of recovery after its recent crash. Bitcoin (BTC) is approaching the $81,000 mark, while the global crypto market cap has increased by 3.55% in the past 24 hours, reaching $2.65 trillion. Pi Coin/Pi Network (PI) and Pepe (PEPE) have also posted solid gains during this period.
PEPE has seen a modest recovery with a 2.31% rally on the daily charts, signaling a slight turnaround in its performance. However, the broader picture remains less optimistic. Over the past week, the memecoin has dropped by 15.97%, extending its losses to over 20% in the last 14 days. On a monthly scale, PEPE is down by 1%, and since April 2024, it has declined by a significant 19.04%.
Similar to PEPE, PI has also seen positive momentum in the last 24 hours, recording a 3.72% increase on the daily charts. However, this short-term rally hasn’t been enough to offset its broader downtrend. Over the past week, PI has dropped 16.50%, while the 14-day charts show a more significant decline of 32%. Looking at the past month, the asset has faced a sharp depreciation of 58.26%.
The recent market crash was driven by President Trump’s tariffs, sparking a global trade war that disrupted stock and crypto markets. Many countries faced their worst economic downturn in years, with cryptocurrencies like PEPE and PI seeing significant sell-offs.
Pepe or Pi Coin: Who Will Hit Their All-Time High First?
PEPE has dropped 77.2% from it’s all-time high of $0.00002825, which it reached in December 2024. According to our technical and price analysis, the PEPE Coin could potentially climb to a new high of $0.00002900 by May 2025. If the asset reaches the $0.00003623 target, it would mark an impressive 400% price increase.
Pi Network (PI) has dropped over 80% from its February 2025 all-time high of $2.98. However, based on our technical and price analysis, PI is projected to reach a new all-time high of $3 by the end of May 2025, aligning with PEPE’s performance. If the asset hits its $3.15 target, it would represent a price rally of approximately 450%.
It’s also possible that neither asset will rally as expected, with the bear market still posing a significant challenge. Without improvements in macroeconomic conditions, a breakout next month may not occur.
Also Read: 3 Exciting Ways to Enjoy When XRP Token Reaches $7 In the Future
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
