Pi Coin (Pi Network/ PI) continues to face a slump despite a market-wide turnaround. PI’s price has fallen 0.4% in the daily charts, 2.6% in the weekly charts, 14.1% in the 14-day charts, and 57.7% over the previous month. PI’s position among the top projects by market cap has fallen to the 36th position
Should You Buy The Pi Coin Dip?
PI had quite an incredible run earlier this year. The cryptocurrency experienced a massive surge in popularity and price after the early 2025 crypto bull run. PI hit an all-time high of $2.99 on Feb. 26, while other crypto assets were facing a slump. PI’s price has fallen by 78.6% since its peak.
The latest dip could be due to investors reshuffling their funds into more stable crypto assets. Bitcoin (BTC) has reclaimed the $109,000 mark after its dip to $100,000 earlier this month. Investors may be wary about investing in risky cryptocurrencies.
CoinCodex anticipates Pi Coin’s price will dip in the coming weeks and then move in a sideways trajectory over the next few months. The platform predicts PI will trade at $0.48 on Sept. 8. PI’s price will fall by 23.81% if it dips to the $0.48 target.
There is also a possibility that PI will generate steam over the coming weeks. There is a chance that the Federal Reserve will cut interest rates soon. President Trump has been pushing for lower interest rates since his inauguration. A rate cut could lead to a surge in risky investments. The crypto market could greatly benefit from a rate dip.
Also Read: Pi Coin: What’s PI’s Price If Its Market Cap Hits $15 Billion?
PI could also experience a rally if BTC continues its upward momentum. The original crypto is just 2.2% away from its all-time high of $111,814. BTC hitting a new peak could trigger another market-wide rally.