Pi Network price is down by 71% from its all-time high near $3, and crypto traders are now wondering whether this altcoin is still a good investment. Despite this dip, making an investment of up to $15,000 in Pi Coin could deliver significant returns if the token resumes a bullish trajectory.
At press time, Pi Coin trades at $0.836 after a 9.6% decline in 24 hours. This token has experienced intense volatility in the last seven days, with the price fluctuating between $0.82 and $1.19.
Despite this decline in Pi Network price, it remains up by 36% from its all-time low of $0.61 registered about a month ago. This indicates that traders who bought the dip last month are sitting on gains.
Returns On $1K, $10K, and $15K Investments on Pi Network at $0.90
Making an investment of $1,000, $10,00,0, or $15,000 on the Pi Network token at $0.90 will deliver significant returns if the price hits an ATH above $3.
If a crypto trader buys $1,000 worth of Pi Coin at $0.90, they will receive 1,111 Pi Network coins. If this altcoin recovers to $3, the investment will be worth $3,333, marking a 233% return.
Additionally, if a trader buys $10,000 worth of Pi Coin for $0.90, they will receive 11,111 tokens. This means that their investment will be worth $33,333 if the Pi Network price were to reach an ATH past $3. This trader will have made a nearly 3.5x return on their investment.
An even bigger purchase of $15,000 will deliver higher returns. If you place a buy order for Pi Network tokens at $0.90 with this amount, you will get an average of 16,666 tokens. The final value of this investment will be $50,000 if Pi Coin rebounds past $3, which is also a 233% return on investment.
A 233% ROI has been achieved before with Pi Coin. In the last week of February, Pi Network price jumped from $0.66 to $2.91 within days. Traders who bought at the time received a 340% return on their investment.
Can Pi Network Price Bounce Past $3?
Several analysts believe that Pi Network price can bounce from the recent price dip. One analyst observed that on OKX, which is one of the largest exchanges that have listed Pi Coin, 72% of traders have taken long positions on Pi Coin, which indicates a bullish bias.
Meanwhile, popular analyst Kim Wong shared a bullish Pi Network price prediction saying,
“After this initial boom and bust, Pi coin is going to trade as a regular crypto and is now waiting for news to drive its price. Of course, it is still a one-of-a-kind crypto with mega potential. It is a good time to keep buying and hold.”
A recent Coingape article also revealed significant ecosystem growth after the Pi Network domain auction secured more than 200,000 bids, showing high market interest
Amid these developments, it is possible for Pi Network price to recover above $3, delivering significant returns to holders.
Pi Coin Price Analysis
The Pi Network 4-hour price chart indicates this coin may have hit a local bottom. This is because of the oversold RSI that stands at 30. Looking at historical trends, Pi Coin has bounced with a God candle every time the RSI flashes oversold.
The falling broadening wedge pattern also shows that a bullish reversal is likely to happen. If the coin can flip resistance at $0.95, it could spark a rally to the 423.6% Fibonacci level of $3.50.
This technical setup shows that Pi Network price can rebound past $3. Therefore, a trader that buys $1,000, $10,000, or $15,000 worth of Pi Coin today can get a 233% return on their investment. However, traders should remain cautious as the broader crypto market is still registering choppy price moves.
Frequently Asked Questions (FAQs)
If a trader buys $1K, $10K, or $15K worth of Pi Coin today, they would get a 233% return on their investment if the price rebounds past $3.
News such as a fresh exchange listing, ecosystem growth and partnerships could aid a rally for Pi Coin price past $3.
Speculation is rife that despite the delay, top exchanges like Binance, Coinbase and Kraken will still list Pi Coin. This will drive a parabolic rally.
muthoni
Muthoni Mary is a seasoned crypto market analyst and writer with over three years of experience dissecting blockchain trends, price movements, and market dynamics. With a sharp eye for technical analysis and an in-depth understanding of on-chain metrics, she delivers insightful, data-driven content that helps investors navigate the fast-paced world of digital assets.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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