The cryptocurrency market seems to be making a slight recovery from its recent crash. Bitcoin (BTC) is inching closer to the $80,000 mark. The global crypto market cap has risen 1.7% in the last 24 hours to $2.62 trillion. Pi Coin/Pi Network (PI) and Pepe (PEPE) have also registered healthy gains in the last 24 hours.
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The Crypto Market Still In The Weeds
PEPE has rallied by 3.2% in the daily charts. Despite the small turnaround, the memecoin is still down by 12.5% in the weekly charts, 19.1% in the 14-day charts, 3.2% in the monthly charts, and 12.4% since April 2024.
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Like PEPE, PI has also made some gains in the last 24 hours. The asset has rallied 5.5% in the daily charts. Despite the rally, PI is down by 18% in the weekly charts, 36% in the 14-day charts, and 62.6% over the previous month.
The latest market crash was fuelled by President Trump’s tariff spree. The global trade war sent shockwaves through the stock and crypto markets. Many countries experienced their worst crash in many years. Cryptocurrencies like PEPE and PI faced massive sell-offs.
Pepe Vs. Pi Coin: Which Will Reclaim Its All-Time High First?
PEPE is down by 77.2% from its all-time high of $0.00002803. The asset peaked in December 2024. According to CoinCodex, PEPE could rise to a new all-time high of $0.00002809 on May 1. The asset’s price will rally by around 339% if it hits the $0.00003582 target.
Pi Network (PI) is down by more than 80% from its February 2025 all-time high of $2.99. According to CoinCodex, PI will also hit a new all-time high of $3.08 on May 1, the same as PEPE. The asset’s price will rally by around 422% if it hits the $3.08 target.
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There is also a possibility that both assets will not rally as predicted. The bear market still looms large. We may not witness a breakout by the next month if macroeconomic conditions do not improve.